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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.

Don’t skip the tips on your tax return

Feb 10, 2025

Excitement over making tips tax-free hasn’t led to a change in tax law, so that means businesses and employees have to play by the old rules for now.

Trump’s tax policy picture comes into focus

Feb 7, 2025

A Republican-controlled Congress is moving quickly to overhaul the federal tax system by adding many of President Trump’s tax cuts and eliminating or trimming existing tax breaks.

EWA catching on, but is it for you?

Jan 27, 2025

Earned wage access has become a great tool for recruiting and keeping employees. The perks are considerable, but be aware of potential costs.

What to know about the 2025 filing season

Jan 22, 2025

If you wait until April to file your federal tax return, you’re certainly not alone. But there are advantages to filing early.

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.

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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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