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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.

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.

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.

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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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