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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.

Adjusting to the new lease accounting standard

Apr 6, 2022

Businesses and nonprofit groups are gradually adjusting to requirements of the new lease accounting standard, such as bringing most leases onto the balance sheet. Since ASC 842 can seem confusing, here’s a quick guide to ease the adjustment period.

Six tips to help you prepare for your next audit

Feb 24, 2022

Being fully prepared and organized can help your financial statement audit go smoothly and ultimately save your business or organization time, money, and headaches.

Take the work out of recording your business expenses

Jan 4, 2022

Receipts are vital to tracking your business expenses, but without the right system in place, it can become a chore. But capturing, storing, and organizing receipts doesn’t have to be a hassle.

Generosity around the holidays can also reward the donor

Nov 9, 2021

Feeling generous this year? There are a few rules to consider when you make charitable contributions and gifts to loved ones.

Factor in taxes if you’re relocating to another state in retirement

Nov 3, 2021

Moving closer to family and taking advantage of better weather are just two reasons you might retire to another state. Don’t forget to consider state and local tax implications before you plan a move.

Analytical procedures are a critical part of the audit process

Oct 11, 2021

During the COVID-19 pandemic, many audit procedures have been performed remotely, forcing auditors to rely more heavily on analytical procedures. It’s important to understand how auditors use analytical procedures to make audits more efficient and effective.

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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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