by KWC CPAs | Apr 5, 2024 | Accounting
The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an “umbrella” credit that encompasses various business-related credits, which are far more valuable than tax deductions....
by KWC CPAs | Mar 27, 2024 | Accounting
Once you’re married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing separately. While some couples may find it more tax-efficient to file separately, joint filing often is more...
by KWC CPAs | Jan 31, 2024 | Accounting
Effective January 1, 2024, U.S. and foreign entities doing business in the U.S. may be required to disclose information regarding their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). This requirement is being...
by KWC CPAs | Jan 31, 2024 | Accounting
Introduction Processing 1099 forms is a critical task for businesses, but it’s often marred by inefficiencies that can lead to significant delays. This blog explores practical strategies to mitigate common issues that slow down 1099 processing. By understanding...
by KWC CPAs | Jan 31, 2024 | Accounting
Introduction Business owners often encounter a perplexing scenario where their financial statements and tax returns report different income figures. This disparity, far from being an error, stems from distinct accounting principles and tax regulations governing each...
by KWC CPAs | Jan 29, 2024 | Accounting
Listen to The Agency Hour podcast, Balancing the Books: A Guide to Agency Financial Health and Staff Engagement with Kira Wissman of our CAS team by clicking...
