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<img width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/10/Individual-Tax-300x169.jpg" class="attachment-medium size-medium wp-image-23857" alt="Submitting Your Tax Return Valid Business Expenses In IRS Audits File For An Extension Tax Deadlines Retirement Account Required Minimum Distributions Vacation Property Rentals Affecting Your Taxes Social Security Benefit Taxation Tax Implications of Unemployment Unused 529 College Funds IRA Contribution Gift Tax Return Difference Between Filing Jointly Or Separately Substantiation For Your 2023 Charitable Donations IRA Questions Filing 2023 Tax Year Returns Kiddie Tax Rules Medical Expense Tax Deduction Tax Obligations Of Moving To Another State How Are Court Awards & Out-Of-Court Settlements Taxed Nanny Tax Reduce Your 2023 Tax Bill FSA 2024 Inflation-Adjusted Federal Tax Amounts 10% Penalty Tax Restricted Stock 401(K) Plan SECURE 2.0 Scholarships Considered Taxable Income Casualty Loss Tax Deductions Tax Implications HSA Investment Gift Tax Selling your home Employer-Provided Life Insurance ABLE account Student Loan Interest Tax Breaks Catch-Up Contributions Tax Text Or Email From The IRS" />

Retiring Soon? Recent Law Changes May Have an Impact On Your Retirement Savings.

If you are approaching retirement, you probably want to ensure the money you have saved in retirement plans lasts as long as possible. If so, be aware that a law

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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="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)" />

PPP Adjusted to Prioritize Very Small Businesses

When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year, the program’s stated objective was “to provide a direct incentive for small businesses to keep their

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Non-Profit-Header-300x169.jpg" class="attachment-medium size-medium wp-image-1668" alt="Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture" />

Rebuilding Your Non-Profit’s Operating Reserves

Events of the past year put a dent in many non-profit’s reserves. Perhaps you had to use these funds to buy personal protective equipment or to pay staffers’ salaries when

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Estate-Planning-Header-1-300x169.jpg" class="attachment-medium size-medium wp-image-3283" alt="Estate Planning Terms Living Will Trust Protector LTC Expenses Incentive Trusts Gift Tax Return Family Business Succession Planning Special Needs Trust Elderly Parents In Your Estate Plan Beneficiary Designations Turn Down An Inheritance Power Of Attorney Inter Vivos Securities Laws DAPT College-Age Children Do Need An Estate Plan Estate Planning Documents Annual Gift Tax Exclusion CRT Name A Guardian Power To Remove A Trustee Living Trust Owning Assets Silent & Incentive Trusts Payable-On-Death Accounts Reduce your estate tax Executor Art Collection QTIP Trust portability Life insurance Portability Probate Original Will Estate Planning Estate Plan Estate Planning Estate Planning Asset Protection Strategies" />

Creating an Education Legacy Using a Family Education Trust

For many people, an important goal of estate planning is to leave a legacy for their children, grandchildren, and future generations. And what better way to do that than to

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Receivables Can Mean Fraud Risk — Here is How to Reduce It

One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you are aware of these schemes and take steps to prevent them, your

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<img width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/10/Individual-Tax-300x169.jpg" class="attachment-medium size-medium wp-image-23857" alt="Submitting Your Tax Return Valid Business Expenses In IRS Audits File For An Extension Tax Deadlines Retirement Account Required Minimum Distributions Vacation Property Rentals Affecting Your Taxes Social Security Benefit Taxation Tax Implications of Unemployment Unused 529 College Funds IRA Contribution Gift Tax Return Difference Between Filing Jointly Or Separately Substantiation For Your 2023 Charitable Donations IRA Questions Filing 2023 Tax Year Returns Kiddie Tax Rules Medical Expense Tax Deduction Tax Obligations Of Moving To Another State How Are Court Awards & Out-Of-Court Settlements Taxed Nanny Tax Reduce Your 2023 Tax Bill FSA 2024 Inflation-Adjusted Federal Tax Amounts 10% Penalty Tax Restricted Stock 401(K) Plan SECURE 2.0 Scholarships Considered Taxable Income Casualty Loss Tax Deductions Tax Implications HSA Investment Gift Tax Selling your home Employer-Provided Life Insurance ABLE account Student Loan Interest Tax Breaks Catch-Up Contributions Tax Text Or Email From The IRS" />

2021 Individual Taxes: Answers to Your Questions About Limits

Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That is understandable because your 2020 individual tax return is

#TeamKPM Seeks Accounting/Payroll Staff

Join #TeamKPM! #KPMCPAs seeks a full-time staff accountant to join our accounting outsourcing department! If you have two years’ of accounting/bookkeeping experience, are client centric, and are skilled in Quickbooks/QuickBooks Online and

Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture

<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Non-Profit-Header-300x169.jpg" class="attachment-medium size-medium wp-image-1668" alt="Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture" />

It May Be Time to Revisit Your Non-Profit’s Accounting Function

Many organizations get stuck in procedural ruts because it is easier in the short term to continue doing things the way they have always been done. However, it is a

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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="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)" />

The Many Uses of A SWOT Analysis

Using a strengths, weaknesses, opportunities, and threats (SWOT) analysis to frame an important business decision is a long-standing recommended practice. However, do not overlook other, broader uses that could serve

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<img loading="lazy" width="300" height="169" src="https://www.kpmcpa.com/wp-content/uploads/2021/07/Estate-Planning-Header-1-300x169.jpg" class="attachment-medium size-medium wp-image-3283" alt="Estate Planning Terms Living Will Trust Protector LTC Expenses Incentive Trusts Gift Tax Return Family Business Succession Planning Special Needs Trust Elderly Parents In Your Estate Plan Beneficiary Designations Turn Down An Inheritance Power Of Attorney Inter Vivos Securities Laws DAPT College-Age Children Do Need An Estate Plan Estate Planning Documents Annual Gift Tax Exclusion CRT Name A Guardian Power To Remove A Trustee Living Trust Owning Assets Silent & Incentive Trusts Payable-On-Death Accounts Reduce your estate tax Executor Art Collection QTIP Trust portability Life insurance Portability Probate Original Will Estate Planning Estate Plan Estate Planning Estate Planning Asset Protection Strategies" />

Now or Later: When is the Right Time to Transfer Your Wealth?

To gift or not to gift? It is a deceptively complex question. The temporary doubling of the federal gift and estate tax exemption — to an inflation-adjusted $11.7 million in