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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.

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.

Beware the Social Security benefits stealth tax

Mar 13, 2024

Many retirees are surprised to find out that some of their Social Security benefits are hit with federal income tax. Don’t be one of them.

Maximize the QBI deduction before it’s gone

Mar 11, 2024

The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can.

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.

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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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