Insights

Latest Posts

Nonprofits: Ready, set, audit!

Don’t let your nonprofit’s audit preparation become a last-minute sprint. Plan early so you’ll have the right records ready for review. We offer suggestions.

Reporting UTPs on your financial statements

Should your company report tax positions taken (or to be taken) on tax returns before they’re resolved with the tax authorities? Here’s an overview of the accounting rules for uncertain tax positions under U.S. GAAP.

The advantages of using an LLC for your small business

You can operate your small business in several ways. For example, your entity can be a sole proprietorship, an S corporation or a partnership. Here are the advantages of operating as a limited liability company (LLC).

Starting a business? How expenses will be treated on your tax return

Launching a business? Here’s how start-up expenses are handled on a federal tax return.

Happy 4th of July

We wish you a safe and festive 4th of July holiday with your family and friends.

What’s in the Fiscal Responsibility Act?

With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.

Why some small businesses are switching to tax-basis reporting

Are you fed up with all the recent accounting rule changes? For many private companies, the new lease standard that went into effect in 2022 was the last straw. Here’s an alternative reporting framework to consider.

Advantages and disadvantages of claiming big first-year real estate depreciation deductions

If your business has a choice to deduct real estate expenses or depreciate them over several years, the decision may seem simple. But there are a number of factors to consider.

Reduce the impact of the 3.8% net investment income tax

In addition to regular income tax, high-income taxpayers may face the 3.8% net investment income tax. This article explains who the tax applies to, as well as some strategies to minimize it.

Insights

Keep these 3 issues in mind after you file your return

/in /by

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

Read more

Update on retirement account required minimum distributions

/in /by

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

Read more

The tax deadline is almost here: File for an extension if you’re not ready

/in /by

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

Read more
View All
KKB alternate logo

Kirsch Kohn & Bridge LLP

Phone: 818-907-6500
Fax: 818-783-0725
21800 Oxnard St., Suite 900
Woodland Hills, CA 91367
info@kkbcpa.com

Firm Overview
Our Team
International Affiliation
Contact
Careers

Sign up for our newsletter
Client Resources
Pay Online

© 2024 Kirsch Kohn & Bridge LLP. All rights reserved. Privacy Policy