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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.

Defer a tax bill with a like-kind exchange

Jan 3, 2024

The real estate market can be tricky, but there’s still big profit potential on business property. In these cases, a “like-kind” exchange may be attractive when selling commercial or investment real estate.

7 tips to boost your QuickBooks Online experience

Jan 2, 2024

QuickBooks Online has a variety of shortcuts and handy tools that are easily overlooked. Here are a few to remember.

Tax relief available for Tennessee tornado victims

Dec 23, 2023

Residents of Davidson, Dickson, Montgomery, and Sumner counties qualify for special IRS exemptions as a result of the early December storms.

Improve or repair? There’s a difference

Dec 20, 2023

Making repairs and making improvements to your business might produce the same results, but they’re nothing alike when they’re listed on your 2023 tax return.

Well-timed bonuses benefit employer and employee

Dec 19, 2023

There’s a great tax perk that allows businesses to deduct employee bonuses this year but doesn’t tax the employee until next year. Unfortunately, that rule doesn’t always apply.

Reporting subsequent events: When, why, and how

Dec 13, 2023

Dealing with the unexpected is part of business, and depending on the timing and situation, it can throw a big wrinkle into a company’s financial reporting.

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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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