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KPM is a highly experienced firm of CPAs and advisors that has served clients throughout Southwest Missouri for decades. As you may know, the accounting industry is always evolving amid complex rules and regulations. As a result, our firm publishes timely updates on a variety of accounting topics to help keep you informed.
In August, a federal trial court invalidated several provisions of the U.S. Department of Labor’s (DOL’s) temporary regulations that implemented the paid leave...
Remote audit procedures can help streamline the audit process and protect the parties from health risks during the COVID-19 crisis. However, seeing people...
Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring ownership of the...
In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for...
Collective impact initiatives are growing among non-profits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations...
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax...
The business use of websites is widespread. But surprisingly, the IRS has not yet issued formal guidance on when Internet website costs can...
Forensic accountants have many tools to help them find evidence of hidden assets or fraud. But one of the most effective, particularly in...
Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term...