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Tax and Accounting News Updates

Check out our latest accounting and financial updates. Want more? Get the latest on these topics and more delivered to your inbox with our newsletter and information alerts.

Excess business loss and its tax impacts

Mar 7, 2025

The tax rules for business losses from partnerships, S corporations, and LLCs can be complex. Here’s what you should know when filing your return.

Don’t dismiss potential of gift tax return

Mar 5, 2025

If you gave a gift of significant value last year, the April 15 gift tax return deadline should be of interest. Find out if you must file a 2024 gift tax return and if not, why you may want to file one anyway.

Make the most of the business interest expense deduction

Mar 3, 2025

There are practical ways to navigate the restrictions on business interest expense deductions imposed by the current Tax Cuts and Jobs Act.

Options available when GAAP becomes too much

Feb 28, 2025

GAAP can be overwhelming for some businesses, but there are cost-effective, simplified alternatives that meet essential compliance needs.

Future unclear for the Child Tax Credit

Feb 13, 2025

The Child Tax Credit is a money-saving resource for millions of families. It could be cut in half if Congress doesn’t act this year.

Looking ahead to 2025 tax limits

Feb 11, 2025

How much of your 2025 earnings are taxed for Social Security? How has the standard deduction increased in 2025? Here are some answers to these and other tax questions.

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Please contact one of our team members for more information on how we can help you with your business or individual financial needs.

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    "Kraft has helped KYZEN implement new accounting standards, address tariff issues, and navigate tax law changes to keep both our U.S. and foreign operations in compliance. Though they have the resources of an international firm, their local approach to customer service is what sets them apart."

    Tom Forsythe
    Executive Vice President
    KYZEN Corporation

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