FAMILY-OWNED BUSINESSES

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Timely Tax & Accounting Newsletter

Check out our articles for family businesses below. Like what you see? Get timely updates about these topics and more delivered straight to your inbox by signing up for our monthly email newsletter.

Could outsourcing payroll be a good choice for your business?

Apr 11, 2024

Outsourcing payroll, also known as managed payroll, can decrease risk, increase accuracy, protect sensitive data and improve business continuity.

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.

DOJ rules on contractor/employee classification

Mar 6, 2024

The deadline to comply with a new U.S. Department of Labor rule regarding worker classification is March 11.

7 signs you’re at risk of a false ERC claim

Feb 18, 2024

Many employers who sought the employee retention credit aren’t even aware that they’re at risk of penalties and steep fines for making fraudulent claims. The IRS says these signs might help.

New reporting rules will affect beneficial owners

Oct 27, 2023

Extensive reporting requirements stemming from the Corporate Transparency Act will affect many business owners starting January 1.

Why related-party arrangements matter

Sep 22, 2023

Identifying related parties is just one of many parts that go into preparing financial statements. Here’s why they matter, why auditors give them scrutiny, and how to avoid the risks that often accompany them.

Men shake hands to complete deal.

Planning an exit strategy for your business

Sep 12, 2023

At some point as a business owner, you might entertain the idea of selling and moving on to a new endeavor. The process of selling a business can be tedious, but having a plan in place and knowing the tax implications of a business sale can help reduce the stress and, potentially, the tax implications.

Watch out for employee retention tax credit frauds

Aug 16, 2023

Scammers are hyping quick, easy money from the employee retention tax credit, but despite what you might hear in the slick advertisements, the IRS has a warning for employers.

Proposed federal budget includes noteworthy tax changes

Mar 15, 2023

President Biden’s 2024 budget proposal includes a variety of changes that could impact taxes for individuals and businesses.

“KraftCPAs has taken care of the Zeitlin family business for three generations. We all sleep better at night knowing that KraftCPAs is looking out for our best interest.”

Shirley Zeitlin, Zeitlin Sotheby’s International Realty®

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