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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.

Rules expanded for OT, noncompete agreements

May 7, 2024

New federal rules regarding overtime pay and noncompete agreements have recently been approved.

IRS extends relief for inherited IRAs

May 1, 2024

If you’ve inherited an IRA, you need to know about the latest IRS guidance.

The journey to 2025 tax reform begins

Apr 29, 2024

Two members of Congress recently announced the formation of 10 committee tax teams, each of which will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025.

IRS clarifies energy efficiency rebates

Apr 28, 2024

The IRS has offered guidance on the tax treatment of energy efficiency rebates introduced by the Inflation Reduction Act.

Tennessee enacts major changes to franchise tax

Apr 26, 2024

The state’s decision to remove the property value option – or “alternative base” – from Tennessee’s franchise tax is expected to provide $1.55 billion in refunds for about 100,000 businesses.

The pros and cons of turning your house into a rental

Apr 17, 2024

In some parts of the United States, rental property is a hot commodity. If you’ve considered getting into the race by turning your house into a rental, consider the ups and downs of being a landlord.

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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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