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Fixed numbers and historical facts aren’t the sole proponents of financial statements. Instead, financial statements often rely on accounting estimates. Management gathers accounting estimates by giving their best judgements about
Family members can challenge estate planning documents or contest a loved one’s will upon a death. However, there are steps you can take to lessen the chances of this happening
There are many benefits to data analytics if they’re used thoughtfully. For an organization, choosing the right non-profit data analytics to track and measure can help streamline operations, strengthen impact,
You may be wondering, if you had significant expenses last year, what medical expenses are deductible on your 2025 income tax return. It can be difficult to claim the medical
Is your company considering a business acquisition in 2026? It’s essential to plan now for extensive financial due diligence whether you already have your eye on a target or are
Partnerships, limited liability companies (LLCs) treated as partnerships for tax purposes, or S corporations are considered “pass-through” entities in tax lingo. This is because their taxable income items, tax deductions,
The balance sheet is more than a static report. Yes, it shows your company’s financial condition by pinning its assets against its liabilities, but it can do so much more
The mechanics of a Crummey trust may seem technical, but the concept is straightforward. A Crummey trust provides a key tax benefit of an outright gift excluding some of the
Springfield, MO – KPM CPAs & Advisors (KPM) is pleased to announce the promotion of Meghin Cook to Senior in the firm’s Accounting Outsourcing Consulting (AOC) department. In her new
For many non-profit leaders, the new year provides a natural opportunity to reset priorities, refine leadership habits, and recommit to practices that strengthen both their organization’s mission and their team.
Severe storms, flooding, wildfires, and other disasters affect millions of taxpayers every year. Across the country, taxpayers experience casualty loss as a result of damage to their homes or personal
Discounted cash flow (DCF) techniques are often used by valuation professionals to determine the value of a business or to estimate economic losses. The cost of capital, or the rate
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