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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.
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must comply with the landmark new revenue recognition standard in 2019. Many private...
All businesses: Give annual information statements (IRS Forms 1099) to recipients of certain payments you made during 2018. Payments that are covered include...
The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation. However, the TCJA did...
With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you have created a...
Raffles are popular fundraisers for non-profits, but they’re subject to strict tax rules. State laws on non-profit-sponsored raffles can vary significantly, but non-profits...
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year...
Forensic accountants are best qualified to unearth the ‘hows and whys’ of occupational fraud, but it is up to employers to know when...
Under the Sarbanes-Oxley Act, the audit committee — not management or the full board of directors — is directly responsible for appointing, compensating,...
Many, if not most, employers today use some form of an ‘at-will’ employment contract when hiring. The arrangement is theoretically simple: the employer...