Insights
Not everything in the accounting and financial world is black and white. Much is left to interpretation coupled with experience. At KHA, we know our clients value our perspective and guidance. We therefore not only see it as our duty to share regulatory updates, but also our commitment to share our insights on matters that impact you, our clients.
Topic
You have mapped out your estate plan and feel confident in its estate tax efficiency. However, it is important to consider the income tax ramifications of each decision throughout the planning process to avoid unintended consequences.
While most companies expense the cost of research and development activities, most fail to take advantage of the R&D tax credit. Learn how the tax credit works and what expenses qualify for it.
Estate succession planning guide for multigenerational wealth and prioritizing grantor intent
The record high turnover in the job market, known as the Great Resignation, is showing signs of easing, but that may not be the case for small businesses.
The service sector grew faster than expected in July on the back of broad-based increasing business activities and new orders.
The IRS lays out six categories of expenditure to which interest can be traced. How the funds are used will determine the type of interest deductible.
This article examines the various federal income tax issues, both from the individual and entity level, to be mindful when an owner of a passthrough entity dies.
Tax planning strategies can help businesses experiencing higher interest expense due to inflation, increased interest rates and lower tax deductions.
For many teenagers, summer often means a time for sports camps, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications of their child’s income. In this article, we'll provide an overview of what tax filings may be required for your working teenager.
Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next.
A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
The recent reopening of China’s factory floors and the easing of its supply chain bottlenecks have prompted discussion about the ability of the U.S.
Many wealthy individuals have taken steps to maximize their lifetime gift tax exemption before it reverts back to a lower level in 2026. However, the IRS recently proposed new guidance that would allow for clawbacks of certain gifted assets. Learn more about the proposed changes in this article.
The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.
How will the new Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, impact tax filings for family offices and other taxpayers?