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Tax Planning for President-Elect Biden’s Proposed Tax Changes

Now that Joe Biden has been projected as the winner of the presidential election by major news outlets,* you may wonder if your federal taxes will be affected. President-elect Biden

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Cutoffs: What Counts in 2020 vs. 2021

As year end approaches, it is a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S.

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2021 Cost-of-Living Adjustments for Popular Fringe Benefits

The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Here are some highlights to be aware

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Non-Profits: Internal Audits Still Matter

Fraud does not simply take a vacation during crises, such as the COVID-19 pandemic. If your non-profit’s internal controls are not effective, crooked individuals can find ways to exploit them

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Do Not Forget About Making a Portability Election

Portability allows a surviving spouse to apply a deceased spouse’s unused federal gift and estate tax exemption amount toward his or her own transfers during life or at death. For

#KPMCPAs Welcomes Lynn Morris as a Department Coordinator

#KPMCPAs welcomes Lynn Morris! Lynn joins us with more than 14 years of experience in the banking industry and is a department coordinator at KPM assisting with the daily operations

How Effectively Does Your Business Manage Risk?

From natural disasters and government shutdowns to cyberattacks and fraud, risks abound in today’s volatile, uncertain marketplace. While some level of risk is inevitable when operating a business, proactive owners

Using an Employee Survey to Assess the Pandemic’s Impact

In the pre-pandemic world, employee surveys were helpful tools in evaluating engagement and gathering input. Now, as employers continue to work through the COVID-19 crisis, conducting a survey could be

What Do The 2021 Cost-Of-Living Adjustment Numbers Mean for You?

The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation but some remained at 2020 levels. As you implement

#TeamKPM Says #AskMeWhyiCare About #DVAM

It’s #iCare Day! #TeamKPM may not be able to come together for our annual group photo, but we remain unified in our #iCare message in support of Harmony House. We