Many companies struggle to follow the accounting rules for revenue recognition, particularly if they work on long-term projects. An external audit can help you get it right.
Many businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take? Here are the rules.
https://kkbcpa.com/wp-content/uploads/2024/02/1-1.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-02-15 17:15:122024-02-15 17:15:15What’s the best accounting method route for business tax purposes?
Are you contemplating a merger or acquisition in 2024? Comprehensive financial due diligence is the cornerstone of a successful deal.
https://kkbcpa.com/wp-content/uploads/2024/02/2.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-02-13 15:07:552024-02-13 15:08:03Best practices for M&A due diligence
Access to capital is a major concern for business owners today. Timely, reliable financial statements are key to opening the door to the debt and equity funds.
https://kkbcpa.com/wp-content/uploads/2024/01/01_26_24_1376319980_aab_560x292.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-30 14:08:072024-01-30 14:08:11Solid financial reporting can help attract debt and equity financing
Businesses that file 10 or more information returns must now file them electronically.
https://kkbcpa.com/wp-content/uploads/2024/01/1.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-17 17:52:392024-01-17 17:52:42You may now have to electronically file annual information returns
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it. A like-kind exchange is any exchange of real property held for investment or for productive use in your trade or business for like-kind investment, trade or business real property. Like-kind exchanges can be an attractive tax-deferred way to dispose of real property if you anticipate a large tax bill and meet the federal and state requirements.
https://kkbcpa.com/wp-content/uploads/2024/01/2.jpg313500KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2024-01-10 13:44:022024-01-10 13:44:04Defer a current tax bill with a like-kind exchange
Are you dreaming of retiring to another state to escape cold weather or to be close to loved ones? Before calling the moving truck, examine the state and local tax implications.
https://kkbcpa.com/wp-content/uploads/2023/12/1-2.jpg292560KKB CPAshttps://kkbcpa.com/wp-content/uploads/2021/12/KKB-Logo-w-text.pngKKB CPAs2023-12-28 11:35:232023-12-28 11:35:26Don’t overlook taxes when contemplating a move to another state
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