Advisory Archives | Page 2 of 4 | Kirsch Kohn Bridge CPAs + Advisors

Clean Vehicle Credit comes with caveats

October 6, 2022/in Advisory/by KKB CPAs

The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why. Continue Reading Clean Vehicle Credit comes with caveats

Year-end tax planning ideas for individuals

September 28, 2022/in Advisory/by KKB CPAs

By planning ahead now, you may be able to save on your 2022 and 2023 tax bills. Here are some ideas to consider. Continue Reading Year-end tax planning ideas for individuals

Year-end tax planning ideas for your small business

September 6, 2022/in Advisory/by KKB CPAs

Before you know it, the end of 2022 will be near. Here are some year-end moves to consider that may help your small business save on taxes. Continue Reading Year-end tax planning ideas for your small business

Contingent Liabilities: To Report or Not to Report?

May 31, 2022/in Advisory/by KKB CPAs

Is your company being transparent about contingent liabilities? In today’s uncertain conditions, reporting contingencies can be challenging. Here’s a refresher on the accounting rules for disclosing and estimating expected losses. Continue Reading Contingent Liabilities: To Report or Not to Report?

Goodwill in a Bad Economy

April 28, 2022/in Advisory/by KKB CPAs

Internally generated goodwill isn’t on the balance sheet. But acquired goodwill is another story. Do you know the rules for reporting acquired goodwill and subsequently testing it for impairment? This is a hot button for many organizations today. Continue Reading Goodwill in a Bad Economy

Deciding Between Cash and Accrual Accounting Methods

April 1, 2022/in Advisory/by KKB CPAs

Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options that are now available to them. Continue Reading Deciding Between Cash and Accrual Accounting Methods

2022 Q2 Tax Calendar: Key Deadlines For Businesses And Other Employers

March 28, 2022/in Advisory/by KKB CPAs

Here are some of the key federal tax-related deadlines that apply to businesses and other employers during the second quarter of 2022. Continue Reading 2022 Q2 Tax Calendar: Key Deadlines For Businesses And Other Employers

Your Nonprofit’s Board Needs to Know These Financial Warning Signs

February 23, 2022/in Advisory/by KKB CPAs

Is your board overlooking potential financial disasters? Continue Reading Your Nonprofit’s Board Needs to Know These Financial Warning Signs

4 Levels of Audit Opinions

February 18, 2022/in Advisory/by KKB CPAs

The first page of audited financial statements is the auditor’s report. Continue Reading 4 Levels of Audit Opinions

Keeping Your Nonprofit’s Remote Workers Connected

February 16, 2022/in Advisory/by KKB CPAs

Many employees have been happy working from home during the pandemic, but some workers may have experienced feelings of disconnection and isolation. Continue Reading Keeping Your Nonprofit’s Remote Workers Connected

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