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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.

Materiality matters in financial statement audits

Jan 13, 2025

January kicks off audit season for calendar-year entities, and business owners should understand materiality before fieldwork starts. The concept can influence audit procedures and hold significance for both business owners and external stakeholders.

Paying self-employment tax? Brace yourself

Jan 11, 2025

You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it works, how much it will increase, and whether there’s anything you can do to reduce it.

Mastery of complex Section 123 can pay off

Jan 3, 2025

Achieving the best tax treatment for Sec. 1231 gains and losses can be a challenge. Here’s how to help plan the timing of gains and losses for optimal tax results.

Strategies to maximize your 401(k) in 2025

Dec 31, 2024

Elevate your 401(k) plan in 2025 with effective strategies. Uncover tips on increasing contributions, securing employer matches, and smart investing.

Court puts BOI rule on hold (again)

Dec 30, 2024

Less than a week after an injunction was lifted and allowed BOI rules to be enforced, the requirement is on hold again.

Financial analysis concept with a magnifying glass highlighting a percentage symbol over a laptop, surrounded by digital graphs and upward arrows indicating growth.

How to value intangible assets

Dec 17, 2024

Effective strategies for valuing intangible assets such as patents, trademarks, and goodwill can enhance your company’s financial understanding.

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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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