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Accurate financial records are essential for making informed business decisions. The accounting cycle is a structured process used to record, organize, and summarize a company’s financial activity during a specific
While spring audit fieldwork may feel far away, the final months of the year are an ideal time for non-profits to prepare. Organizations with a December 31 year-end can benefit
Springfield, MO – KPM CPAs & Advisors (KPM) is pleased to announce the addition of Hayden Dale as a staff accountant in the audit department. Hayden begin interning with KPM
A business owner discovers an employee has been stealing supplies and falsifying inventory records to conceal the theft. The employee is terminated, and the company strengthens its internal controls to
Transferring wealth to family members can help reduce a taxable estate. However, gifts involving hard-to-value assets, such as interests in a closely held business or family limited partnership (FLP), can
Business owners, lenders, investors, and other stakeholders often rely on annual financial statements to evaluate profitability, liquidity, and overall financial health. However, financial statements primarily reflect past performance and may
Divorce and legal separation often involve difficult financial and personal decisions. During dividing assets, determining custody arrangements, and negotiating support payments, tax implications can easily be overlooked. However, decisions made
For many small business owners, strong revenue growth is a welcome sign of success. However, higher profits can also lead to a larger tax bill. If your business is on
If your business renews its employer-sponsored health insurance plan on a calendar-year basis, discussions about next year’s coverage are likely underway. Rising healthcare costs make these decisions increasingly important. According
Donor restrictions can limit how contributions may be used, such as funding a specific program, or when they may be spent. While these gifts can help align donor priorities with
Future earnings are often the foundation of a business valuation. Whether a valuation is being prepared for a sale, succession planning, estate planning, shareholder disputes, or litigation, selecting the right
Buying an established business may offer a faster path to growth than building market share from scratch, but the seller’s financial statements don’t always tell the full story. Before signing
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