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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.

Watch out for employee retention tax credit frauds

Aug 16, 2023

Scammers are hyping quick, easy money from the employee retention tax credit, but despite what you might hear in the slick advertisements, the IRS has a warning for employers.

Changes ahead for cost recovery, losses, and R&D

Aug 9, 2023

Take a closer look at recent changes in tax accounting methods for cost recovery, losses, and more.

Clothing is among tax-free items July 28-30.

Yes, you can stop paying taxes (for a few days)

Jul 25, 2023

Tennessee’s annual sales tax holiday weekend is July 28-30, 2023, followed by a new three-month grocery tax holiday that starts August 1.

Optimize your retirement savings one small step at a time.

Retirement account catch-up contributions add up

Jul 19, 2023

If you’re eligible and not making catch-up contributions to your retirement plan, you’re missing out on building more tax-favored savings.

Avoid IRS scams in the form of texts and emails

Be wary of IRS emails and texts: They’re fake

Jul 10, 2023

Criminals keep coming up with new ways to try and steal information from taxpayers. Here are a few of their scams and how you can avoid them.

TFRP can pack a mean, costly punch

Jun 26, 2023

The Trust Fund Recovery Penalty is personally imposed on business owners and managers when employment taxes aren’t paid to the government. Here are the rules, along with two cases where individuals were held liable for the harsh penalty.

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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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