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ACCOUNTING ARTICLES

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. 

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Business Tax Benefits

The tax code includes Section 179, which permits first-year deduction (expensing) of amounts spent for business equipment. This provision formerly allowed annual deductions...

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Source: bankrate.com

A law passed in 2015 will essentially end the "file and suspend" strategy for claiming Social Security benefits. Under this strategy, seniors can...

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Tax-Free Investment Gains

For more than 20 years, Section 1202 of the tax code has offered benefits to investors in certain small companies. Generally, non-corporate investors...

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Demystifying the Percentage-of-Completion Method

Long-term projects usually require a different approach to recognizing revenues called the 'percentage-of-completion' method. It is used by homebuilders, developers, creative agencies, engineering...

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Higher Education Tax Breaks

In 2009, Congress replaced the Hope Scholarship Tax Credit (Hope) with the American Opportunity Tax Credit (AOTC). Compared to the Hope credit, the...