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If you’re covered by Medicare, you already know it can be confusing. You may not know that, if you qualify, you can deduct the cost of premiums (along with other medical costs) on your tax return.
Starting a new business is an exciting but often expensive journey. Fortunately, many start-up expenses can be deducted on your tax return, but some may have to be amortized over time instead of being taken right away.
Many people dream of retiring to another state to take advantage of warm weather or to be close to loved ones. Before you call the moving truck, consider the impact of state and local taxes.
New guidance from the FASB means that nonprofit groups can use the same methods available to private companies for reporting goodwill and certain identifiable intangible assets after a merger or acquisition.
Are you a business owner with teenage or college-age children who seem to constantly need money? Have them earn their own income by hiring them. You can save taxes and reap other benefits.
An attractive benefit for some employees is an employer-provided vehicle that can be used for both business and personal use. The IRS has issued new guidance on how to value the personal use of such vehicles to include the amount in an employee’s income.
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