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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.

Three things to remember after you file

Apr 9, 2024

Once your 2023 tax return has been filed, you can breathe a sigh of relief. But there still may be tax issues to consider, including three at the top of the list.

GAAP vs. tax-basis method: What’s best for your business?

Apr 4, 2024

Businesses typically adopt one of two common accounting standards – either U.S. Generally Accepted Accounting Principles (GAAP) or tax-basis reporting accounting – to prepare their financial statements. Knowing the differences is crucial to decide which is best for you.

As tax deadlines loom, extensions provide backup

Apr 3, 2024

The April 15 tax deadline is approaching, but what if you’re not ready to file? There are simple steps to avoid steep penalties.

Changes affect retirement account required minimum distributions

Apr 2, 2024

The SECURE 2.0 law includes good news about required minimum distributions from tax-favored retirement accounts. But an earlier law contained bad news for certain beneficiaries of inherited retirement accounts.

To boost internal controls, think like an auditor

Mar 25, 2024

Keeping a firm grip on your company’s internal controls can make your audit process run more smoothly and help you avoid major risks year-round.

Tracking projects can be simple and insightful

Mar 17, 2024

If your business does jobs that have related income and costs, you can use QuickBooks Online’s Projects feature to track them.

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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