KPIs: What Are They, and Which Ones Count?
Key performance indicators (KPIs) are the keys to operating a successful business, especially during times of uncertainty. Continue Reading KPIs: What Are They, and Which Ones Count?
Key performance indicators (KPIs) are the keys to operating a successful business, especially during times of uncertainty. Continue Reading KPIs: What Are They, and Which Ones Count?
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up in 2022 by 2.5 cents per mile. Continue Reading Will the Standard Business Mileage Rate Go Up in 2022? Yes!
When customers make last-minute changes to contracts, it can be frustrating, and the accounting rules for reporting change orders can be complex. Continue Reading How to Account for Change Orders
Here are a few key tax-related deadlines for businesses during Q1 of 2022. Continue Reading 2022 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
While digitalization continues to take hold of the business world, the billing and collections functions at many organizations remain largely paper based. Continue Reading Digitizing the Accounts Receivable Process
The use of a company car is a valuable fringe benefit for business owners and key employees. This perk results in tax deductions for the employer and tax breaks for the owners and employees using the cars. Continue Reading Providing a Company Car? Here’s How Taxes Are Handled
As businesses head into 2022, they face unprecedented challenges. In response, many are using so-called “rolling” forecasts to help guide decision-making. Continue Reading Rolling Forecasts Provide Flexibility in Uncertain Times
If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable. Continue Reading How are Court Awards and Out-of-Court Settlements Taxed?
Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the basic rules. Continue Reading The Tax Implications of Owning a Corporate Aircraft
Local governments often provide tax breaks and other financial incentives to lure businesses to town. How much detail are businesses required to disclose about these transactions? Continue Reading Coming Soon: New Accounting Rule on Government Assistance Disclosures
Keep these 3 issues in mind after you file your return
/in Tax/by KKB CPAsFor 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
/in Tax/by KKB CPAsThe 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
/in Tax/by KKB CPAsThe 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