by KWC CPAs | Mar 14, 2025 | Accounting
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth individuals. Here’s a look at 10 tax myths that, if left unchecked, may limit tax breaks and...
by KWC CPAs | Mar 6, 2025 | Accounting
The Treasury Department announced on March 2, 2025, that it won’t enforce penalties or fines relating to Beneficial Ownership Information (“BOI”) reporting under existing regulatory requirements. For US citizens or domestic reporting companies or their beneficial...
by KWC CPAs | Mar 5, 2025 | Accounting
KWC is pleased to announce that Howard Kramer and Irene Walsh have been named as 2025 Top Financial Advisers (Tax Accountant category) in Washington, DC by Washingtonian Magazine. Howard Kramer is a Principal at KWC. Howard has more than 20 years of experience...
by KWC CPAs | Feb 28, 2025 | Accounting
Although 2024 is in the review mirror, you may still be able to take actions in early 2025 to lower last year’s federal income tax bill. Here are five ideas to consider. 1. Make a Deductible HSA Contribution If you had qualifying high-deductible health insurance...
by KWC CPAs | Feb 26, 2025 | Accounting
529 Plan Overview A 529 plan, also known as a Qualified Tuition Program (QTP), is a tax-advantaged savings plan designed to encourage saving for future education costs. Those plans typically offers tax free growth, and sometimes the contribution can be deducted for...
