Working in the Gig Economy Results in Tax Obligations
Before the COVID-19 pandemic hit, the number of people engaged in the ‘gig’ or sharing economy had been growing, according to several reports. And reductions in working hours during the
Before the COVID-19 pandemic hit, the number of people engaged in the ‘gig’ or sharing economy had been growing, according to several reports. And reductions in working hours during the
#KPMCPAs extends a BIG CONGRATS to longtime client and local legend Warren Davis of Davis Properties for receiving the annual Springfieldian Award from the Springfield Area Chamber of Commerce! The
As states open for business and the need for social distancing recedes, your non-profit organization may want to think about scheduling an in-person retreat for your board of directors. Members
For businesses, so much has changed over the past year or so. The COVID-19 pandemic hit suddenly, and companies were forced to react quickly — sending many employees home to
If you and your spouse have similar irrevocable trusts that benefit each other, it is important to know that the trusts might be subject to the ‘reciprocal trust’ doctrine. In
On January 6, 2021, the U.S. Department of Labor (DOL), then under the Trump administration, announced a final rule regarding the employee-versus-independent-contractor standard under the Fair Labor Standards Act (FLSA).
In recent years, the accounting rules for certain balance sheet items have transitioned from historical cost to ‘fair value.’ Examples of assets that may currently be reported at fair value
We did it! We made it! We THANK YOU! Thank you to our clients, families, and friends for making this #KPMTax season a success! Since we’re accountants, we’ll let the
If your business is organized as a sole proprietorship or as a wholly owned limited liability company (LLC), you are subject to both income tax and self-employment tax. There may
Although auto sales plunged at the start of the COVID-19 pandemic, they have since rebounded. In fact, some dealerships are reporting record sales in 2021. However, problems remain — including