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.
http://kkbcpa.com/wp-content/uploads/2024/01/01_26_24_1376319980_aab_560x292.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-30 14:08:072024-01-30 14:08:11Solid financial reporting can help attract debt and equity financing
Businesses that file 10 or more information returns must now file them electronically.
http://kkbcpa.com/wp-content/uploads/2024/01/1.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-17 17:52:392024-01-17 17:52:42You may now have to electronically file annual information returns
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.
http://kkbcpa.com/wp-content/uploads/2024/01/2.jpg313500KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-10 13:44:022024-01-10 13:44:04Defer a current tax bill with a like-kind exchange
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.
http://kkbcpa.com/wp-content/uploads/2023/12/1-2.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2023-12-28 11:35:232023-12-28 11:35:26Don’t overlook taxes when contemplating a move to another state
Whether you are considering selling investments, making charitable gifts, or looking forward to the future with some estate planning we have strategies to help optimize your tax plan.
As another year ends with interest rates and markets in flux, one thing remains certain: Reducing your company’s tax bill can improve your cash flow and your bottom line. Below are a few timely strategies that you can execute before year end to minimize your company’s tax liability.
http://kkbcpa.com/wp-content/uploads/2023/12/11-e1701797729996.png244371KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2023-12-05 12:37:222023-12-05 12:37:28Year-End Business Newsletter
Coordinating Sec. 179 tax deductions with bonus depreciation
/in Tax/by KKB CPAsThere’s more than one way for businesses to claim depreciation tax deductions. By combining them, you can get optimal tax-saving results. Continue Reading Coordinating Sec. 179 tax deductions with bonus depreciation
Beware of a stealth tax on Social Security benefits
/in Tax/by KKB CPAsMany retirees are surprised to find out that some of their Social Security benefits are hit with federal income tax. Will you be one of them? Here are the rules. Continue Reading Beware of a stealth tax on Social Security benefits
Maximize the QBI deduction before it’s gone
/in Tax/by KKB CPAsThe qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can. Continue Reading Maximize the QBI deduction before it’s gone