About Marcus
Marcus Klemm began his career with Hawkins Ash CPAs in 2013. In his role as a Supervisor in the firm’s Medford office, Marcus prepares corporate and personal tax returns, financial statements, various workpapers, and works on reviews and compilations.
Areas of Focus
Corporate Tax
Individual Tax
Education
Bachelor of Business Administration, Accounting & Business Administration: Finance, University of Wisconsin-Green Bay
Community Organizations
Medford Morning Rotary Club Member
Recent Posts by Marcus
Proposed Regulation Changes on Timing and Use of Forfeitures
Forfeitures can be cumbersome for plan administrators as they try to find the best way to apply them in their
An “Innocent Spouse” May Be Able to Escape Tax Liability
When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount
3 Things to Know After Filing Your Tax Return
Most people feel a sense of relief after filing their tax returns each year. But even if you’ve successfully filed
Have Employees Who Receive Tips? Here Are the Tax Implications
Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels
Employers: In 2023, the Social Security Wage Base Is Going Up
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for
Selling Your Business? An Installment Sale May Yield Tax Benefits
You’ve spent years building your company and now you’re ready to move on, possibly to a new business, retirement or
Tax Considerations When Adding a New Partner at Your Business
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are
Will the Standard Business Mileage Rate Go up in 2022? Yes!
After two years of no increases, the optional standard mileage rate used to calculate the deductible cost of operating an
Definition of Plan Compensation
Interpreting the definition of plan compensation can be frustrating. Each year the IRS and Department of Labor (DOL) reports that