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The Section 179 deduction and bonus depreciation for business assets have been increased and expanded in time for the 2019 tax year.
The U.S. Department of Labor’s final overtime rule goes into effect on Jan. 1, 2020. Will your company be ready?
Private entities and small public companies typically need longer to implement changes to accounting rules. Recent FASB proposals would help by staggering effective dates.
For years, businesses have complained that the guidance for reporting income taxes includes many mechanical rules and exceptions. But changes are coming.
The FASB intends to give smaller financial institutions more time to adopt its new credit loss standard, but banks should not use this as an excuse to delay preparations for the accounting change.
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and how to proceed.
Please contact one of our team members for more information on how we can help you with your business or individual financial needs.
Helping clients build, preserve, and transfer business value and personal wealth since 1958.
"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