January 2023 | Kirsch Kohn Bridge CPAs + Advisors

Franchise Tax Board conforms to IRS filing extensions for California storm victims

January 16, 2023/in Tax/by KKB CPAs

On January 13, the Governor’s office announced that California will conform to the IRS filing extensions granted for California individual and business taxpayers impacted by recent storms. This means the Franchise Tax Board has extended filing and payment deadlines for many taxpayers in California until May 15, 2023. Continue Reading Franchise Tax Board conforms to IRS filing extensions for California storm victims

IRS grants filing and payment extensions to California storm victims

January 13, 2023/in Tax/by KKB CPAs

Individuals and businesses located in California may qualify for tax relief. California storm victims now have until May 15, 2023, to file various federal forms and make tax payments. Continue Reading IRS grants filing and payment extensions to California storm victims

Employers should be wary of ERC claims that are too good to be true

January 10, 2023/in Advisory/by KKB CPAs

Have you heard ads on TV telling businesses how they can claim a huge Employee Retention Credit? It might be possible for some employers but it also might be too good to be true. Continue Reading Employers should be wary of ERC claims that are too good to be true

SECURE 2.0 law may make you more secure in retirement

January 5, 2023/in Tax/by KKB CPAs

Want to save more for retirement? You might be able to with the many changes in a new law signed on Dec. 29, 2022. Continue Reading SECURE 2.0 law may make you more secure in retirement

SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters

January 3, 2023/in Tax/by KKB CPAs

Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions. Continue Reading SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters

"*" indicates required fields

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

Insights

Sign up for insights