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The Net Investment Income Tax Is Alive & Well: How It Can Affect Your Estate Plan

The Tax Cuts and Jobs Act (TCJA) reduced individual income tax rates but it left the 3.8 percent net investment income tax (NIIT) in place. It is important to address

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How To Keep Track Of Small Tools & Equipment

Whether it is hard hats and drills on a jobsite, iPads in an office, or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at

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Review & Revise Job Descriptions For Everyone’s Benefit

A job description may seem like just so many words on a page or website. But those words have power. They can either set an employer and employee on a

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Fraud-Header-300x169.jpg" class="attachment-medium size-medium wp-image-1666" alt="Occupational Fraud Quantifying Fraud Loss Charity Scams Employee Fraud Fraud Loss In Multiple Locations Early Revenue Recognition Liquidity Overload Keep Fraud Out Of Your Restaurant Guarding Against Fraud with Gen AI Lifestyle Analysis To Investigate Fraud Fraud prevention FinCEN Beneficial Owner Scam Vendor Fraud Residual Risk Antifraud Tax-Avoidance Scams Remote work Social Engineering in ACH/Wire Transfers Fraud risk Money Laundering Fraud FTC Accounts Receivable Phoenix Companies" />

With International Trade Fraud, Your Ship May Never Come In

The U.S. economy depends on import and export markets to run as designed. After all, revenue from trade tariffs and duties contribute $30 billion annually to federal government coffers. Unfortunately,

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Tax-Header-300x169.jpg" class="attachment-medium size-medium wp-image-684" alt="Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return" />

Small Businesses: Stay Clear Of A Severe Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll. But it is critical that you not only withhold the right amount of taxes from employees’ paychecks but

Occupational Fraud Quantifying Fraud Loss Charity Scams Employee Fraud Fraud Loss In Multiple Locations Early Revenue Recognition Liquidity Overload Keep Fraud Out Of Your Restaurant Guarding Against Fraud with Gen AI Lifestyle Analysis To Investigate Fraud Fraud prevention FinCEN Beneficial Owner Scam Vendor Fraud Residual Risk Antifraud Tax-Avoidance Scams Remote work Social Engineering in ACH/Wire Transfers Fraud risk Money Laundering Fraud FTC Accounts Receivable Phoenix Companies

<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Fraud-Header-300x169.jpg" class="attachment-medium size-medium wp-image-1666" alt="Occupational Fraud Quantifying Fraud Loss Charity Scams Employee Fraud Fraud Loss In Multiple Locations Early Revenue Recognition Liquidity Overload Keep Fraud Out Of Your Restaurant Guarding Against Fraud with Gen AI Lifestyle Analysis To Investigate Fraud Fraud prevention FinCEN Beneficial Owner Scam Vendor Fraud Residual Risk Antifraud Tax-Avoidance Scams Remote work Social Engineering in ACH/Wire Transfers Fraud risk Money Laundering Fraud FTC Accounts Receivable Phoenix Companies" />

Wielding Benford’s Law To Find Fraud

Benford’s Law is a long-standing statistical precept that remains as relevant and widely accepted in fighting fraud as ever. By wielding it effectively, experts can cut down fraudsters who unknowingly

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Tax-Header-300x169.jpg" class="attachment-medium size-medium wp-image-684" alt="Bartering Without Cash Transactions Spouse Travel Expenses Tax Efficiency Starting A Business As A Sole Proprietor Employee Retention Tax Credit Emergency Savings Accounts QSBC Advantage Green Tax Reform Employees Receive Tips Selling Commercial Or Investment Real Estate Standard Business Mileage Rate EV Reporting Requirements Section 174 Tax Calendar Tax Breaks Company Vehicle Benefits Tax Strategies for Financial Success 2023 Tax Bill 2024 Inflation-Adjusted Tax Parameters For Small Businesses Cost Segregation Study Business Entity Per Diem Business Travel Rates Social Security Wage Base Tax Depreciation Rules Work Business Expense Deductions Deadline TAx Tax issues Depreciating Business Assets Loan Guarantees LLC Tax-Saving S corporation Handling Expenses On Your Tax Return" />

Use A Coverdell Education Savings Account (ESA) To Help Pay College, Elementary, & Secondary School Costs

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell ESA. Although for federal tax purposes there is no upfront deduction for contributions made

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Buy Or Lease? Both Can Benefit Non-Profits.

If your non-profit owns its own facility, it likely will have more control of work space than if you lease. However, ownership carries risks — and leasing can provide several

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Business-Header-300x169.jpg" class="attachment-medium size-medium wp-image-792" alt="Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)" />

Deciding Whether A Merger Or Acquisition Is The Right Move

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Business-Header-300x169.jpg" class="attachment-medium size-medium wp-image-792" alt="Pivot strategy Payroll Risks Generative AI For Businesses Financial Statements Sec. 179 Tax Deduction Health Care Plan Assessing Customer Credit QBI Deduction Cash Withdrawal Small business retirement Spouse travel expenses Accounting Software Strategic Planning Process Insurance Schemes Enterprise Risk Management Program Account-Based Marketing Wrong Software For Your Organization Operational Review Internal Benchmarking Reports Sales approach Capturing Data Older Workers Pooled Employer Plans Financial Statement Options BOI Reporting Rules Privileged Users Medicare Premiums DOL Business valuation Trust Fund Recovery Penalty Value-Based Sales Fringe Benefits Green Lease Strategic Planning Financial Reporting Marketing Strategy Succession planning health care benefits Cyberinsurance PTO Buying Media Screening Pipeline Management Billing Best Practices Solo 401(k)" />

Keep Your Business Plan Financials Updated

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management