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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.

FASB aims for consistent grant reporting rules

Aug 20, 2024

A proposed change by the Financial Accounting Standards Board would create a standardized method for public and private companies to report government grants.

Businesses get second chance to repay improper ERC

Aug 19, 2024

The IRS has brought back a program that allows businesses to repay wrongfully gained employee retention credit money and avoid penalties.

Tips for managing inventory in QuickBooks

Aug 9, 2024

Running out of products? Or maybe stocking too many? QuickBooks Online can be a valuable tool to help solve both problems.

Divorce is hard; taxes can make it worse

Aug 6, 2024

Getting a divorce can be an agonizing process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are six issues to consider if you’re getting a divorce.

Why buy-sell agreements matter in business

Aug 2, 2024

For most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS.

Planning your estate? Don’t overlook income taxes

Jul 24, 2024

The federal estate tax exemption is $13.61 million, so now is the time to think about saving income taxes for your heirs rather than worrying about estate taxes.

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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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