KKB CPAs, Author at Kirsch Kohn Bridge CPAs + Advisors

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Entries by KKB CPAs

Auditing revenue recognition

February 20, 2024/in Tax/by KKB CPAs

Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right. Continue Reading Auditing revenue recognition

What’s the best accounting method route for business tax purposes?

February 15, 2024/in Advisory/by KKB CPAs

Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules. Continue Reading What’s the best accounting method route for business tax purposes?

Best practices for M&A due diligence

February 13, 2024/in Tax/by KKB CPAs

Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal. Continue Reading Best practices for M&A due diligence

IRAs: Build a tax-favored retirement nest egg

February 6, 2024/in Tax/by KKB CPAs

How much can you save in an IRA this year and when do you have to start making withdrawals? Here are the answers to these and other IRA questions.
Continue Reading IRAs: Build a tax-favored retirement nest egg

Solid financial reporting can help attract debt and equity financing

January 30, 2024/in Tax/by KKB CPAs

Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds. Continue Reading Solid financial reporting can help attract debt and equity financing

Auditing concepts: Close-up on materiality

January 23, 2024/in Tax/by KKB CPAs

What’s materiality? This is an important accounting concept to review before audit fieldwork starts for your 2023 year-end financials. Continue Reading Auditing concepts: Close-up on materiality

You may now have to electronically file annual information returns

January 17, 2024/in Tax/by KKB CPAs

Businesses that file 10 or more information returns must now file them electronically. Continue Reading You may now have to electronically file annual information returns

Defer a current tax bill with a like-kind exchange

January 10, 2024/in Tax/by KKB CPAs

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it. A like-kind exchange is any exchange of real property held for investment or for productive use in your trade or business for like-kind investment, trade or business real property. Like-kind exchanges can be an attractive tax-deferred way to dispose of real property if you anticipate a large tax bill and meet the federal and state requirements. Continue Reading Defer a current tax bill with a like-kind exchange

Don’t overlook taxes when contemplating a move to another state

December 28, 2023/in Tax/by KKB CPAs

Are you dreaming of retiring to another state to escape cold weather or to be close to loved ones? Before calling the moving truck, examine the state and local tax implications. Continue Reading Don’t overlook taxes when contemplating a move to another state

Happy Holidays 2023

December 20, 2023/in Accounting/by KKB CPAs

Cheers to the New Year!

From all of us at Kirsch Kohn & Bridge CPAs and Advisors, sending wishes of warmth, joy and tranquility this holiday season. Continue Reading Happy Holidays 2023

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Keep these 3 issues in mind after you file your return

April 18, 2024/in Tax/by KKB CPAs

For more helpful tax and accounting articles, or to sign up for our newsletter, please visit our KKB Insights page. If you have any questions, please contact us. Continue Reading Keep these 3 issues in mind after you file your return

Update on retirement account required minimum distributions

April 9, 2024/in Tax/by KKB CPAs

The SECURE 2.0 law includes good news about required minimum distributions from tax-favored retirement accounts. But an earlier law contained some bad news for certain beneficiaries of inherited retirement accounts. Here are the rules. Continue Reading Update on retirement account required minimum distributions

The tax deadline is almost here: File for an extension if you’re not ready

April 3, 2024/in Tax/by KKB CPAs

The April 15 tax deadline is approaching, but what if you’re not ready to file? There are some simple steps you can take to avoid steep penalties. Continue Reading The tax deadline is almost here: File for an extension if you’re not ready

Coordinating Sec. 179 tax deductions with bonus depreciation

March 26, 2024/in Tax/by KKB CPAs

About KKB CPAs

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