SECURE 2.0 law may make you more secure in retirement
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
Entries by KKB CPAs
SECURE 2.0: Year-end spending package tackles retirement planning and tax shelters
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
2023 Q1 tax calendar: Key deadlines for businesses and other employers
Businesses face a variety of tax-related deadlines in the first quarter of 2023. Here are some of them. Continue Reading 2023 Q1 tax calendar: Key deadlines for businesses and other employers
Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
Owners of pass-through businesses may be able to save tax with the valuable QBI deduction by taking certain steps at year-end. Continue Reading Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?
Choosing a business entity? Here are the pros and cons of a C corporation
If you’re starting a new business, you may wonder if you should operate as a C corporation, an S corporation or another entity. Here’s a summary of what will happen if you choose a C corporation. Continue Reading Choosing a business entity? Here are the pros and cons of a C corporation
Operating reserves can help cushion financial blows
For many of your nonprofit’s staffers, high inflation equals high anxiety. In this time of economic uncertainty, prioritize candid communications so employees’ worries won’t affect their work. Continue Reading Operating reserves can help cushion financial blows
Year-end giving to charity or loved ones
Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones. Continue Reading Year-end giving to charity or loved ones
Preparing for year-end inventory counts
A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting? Continue Reading Preparing for year-end inventory counts
Act Now to Reduce Your Business’s 2022 Tax Bill
As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies. Continue Reading Act Now to Reduce Your Business’s 2022 Tax Bill
5 Steps to Take Now to Cut Your 2022 Individual Tax Liability
Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps. Continue Reading 5 Steps to Take Now to Cut Your 2022 Individual Tax Liability