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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.

Pros and cons of real estate depreciation deductions

Jun 13, 2023

If your business has the option to deduct real estate expenses or depreciate them over several years, the decision might seem simple. But there are multiple factors to consider.

Estate planning can keep assets out of probate

Living trust could keep your estate out of probate

May 30, 2023

You’ve probably heard that probate should be avoided in estate planning. But what does that mean, and how is it done?

Cash flow reporting can provide valuable information for shareholders.

Classifying cash flows doesn’t have to be confusing

May 25, 2023

The guidance on classifying cash flows among operating, investing, and financing activities remains a gray area – even more confusing when transactions have aspects of more than one type of activity.

The IRS has different requirements for businesses that hire contractors and employees.

Contractor or employee? Know the differences

May 22, 2023

These days, more businesses are filling vacant positions and saving money by using independent contractors. Knowing the basic rules can keep you out of trouble with the IRS.

Don't let tax issues after retirement spoil your dream of quiet sunsets on the beach.

Retiring soon? Tax challenges might be ahead

May 19, 2023

Don’t ignore tax planning as work slows and retirement gets closer. There could be a new set of tax challenges around the corner.

Quick answers to your common questions after Tax Day.

Three common questions after filing your taxes

May 9, 2023

Even if you filed your 2022 tax return by the deadline, you might still have questions. We’re often asked about refund status, how long to keep records, and when an amended tax return should be filed. Here are the simple answers.

How may we help you?

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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