August 2024 | Kirsch Kohn Bridge CPAs + Advisors

Understanding taxes on real estate gains

August 28, 2024/in Tax/by KKB CPAs

If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues. Continue Reading Understanding taxes on real estate gains

Cash or accrual accounting: What’s best for tax purposes?

August 20, 2024/in Tax/by KKB CPAs

Choosing between the cash method of accounting and the accrual method for tax purposes can impact your tax situation. But not all businesses qualify for both methods. Continue Reading Cash or accrual accounting: What’s best for tax purposes?

Take charge of working capital management

August 15, 2024/in Tax/by KKB CPAs

Here are three practical tips to manage your company’s working capital more efficiently. Continue Reading Take charge of working capital management

Do you owe estimated taxes? If so, when is the next one due?

August 7, 2024/in Tax/by KKB CPAs

Certain taxpayers generally must make quarterly estimated tax payments to avoid a penalty. Here are the rules, along with when the next payment is due. Continue Reading Do you owe estimated taxes? If so, when is the next one due?

Advantages of keeping your business separate from its real estate

October 29, 2024/in Tax/by KKB CPAs

It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues. Continue Reading Advantages of keeping your business separate from its real estate

Cutoffs: When to report revenue and expenses

October 23, 2024/in Tax/by KKB CPAs

Does your company follow the cutoff rules? Loose interpretation of the accounting rules can lead to errors and unexpected audit adjustments. Here’s how to get it right. Continue Reading Cutoffs: When to report revenue and expenses

Help ensure your partnership or LLC complies with tax law

October 16, 2024/in Tax/by KKB CPAs

Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addressed in your partnership (or LLC operating) agreement. Here are the details. Continue Reading Help ensure your partnership or LLC complies with tax law