Firm News & Updates
One-of-a-Kind Assets Require a Unique Valuation Approach
Problems can arise when valuing estates that hold assets produced by the personal or artistic efforts of a decedent. The assets of two deceased celebrities, singer Michael Jackson and writer J.D. Salinger, illustrate this point. Both celebrities reportedly owned...
Update on New Retirement Account Catch-Up Contribution Rules
The Setting Every Community Up for Retirement Enhancement (SECURE) Act brought numerous changes to the retirement and estate planning landscape in late 2019. Congress followed up with the SECURE 2.0 Act in late 2022. This law introduced some additional...
What Are the Tax Implications of the New Lease Accounting Rules?
Private businesses implemented new lease accounting rules in 2022, resulting in a major shift in how leases are reported for “book” purposes. While the tax rules for leases haven’t changed, the new accounting rules can have notable implications for how the tax rules...
Additional REsources
A Few Other Resources We’ve Created for Our Customers
When To Outsource Accounting Services
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...
Chart a Tax Course for Business Travel
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 —...
Planning Is Essential if You’re Inheriting Assets
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 you...
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