by KWC CPAs | Jun 3, 2024 | Accounting
In April 2024, the U.S. Department of Labor (DOL) issued a new final rule that’s slated to expand the number of workers who are eligible for overtime pay under the federal Fair Labor Standards Act (FLSA). It’s expected to affect four million workers. The...
by KWC CPAs | May 20, 2024 | Accounting
The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation deductions moving targets. (See...
by KWC CPAs | Apr 30, 2024 | Accounting
Why Outsourcing Your Accounting & Finance Functions Provides Value for a Small Business By Kira Wissman, Controller, KWC CPAs The accounting & finance functions are often undervalued and overlooked in start-ups or small businesses. The costs can be...
by KWC CPAs | Apr 16, 2024 | Accounting
Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to combine some leisure with your business activities. You still may be able to enjoy plenty of tax benefits from the trip —...
by KWC CPAs | Apr 16, 2024 | Accounting
If you’re in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved one who has passed. Indeed, a large infusion of cash or assets can be overwhelming. Generally, when...
