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.

Why Listing Your 3 Critical Actions Will Foster Business Growth and Team Culture

Why Listing Your 3 Critical Actions Will Foster Business Growth and Team Culture

In boardrooms across America, leadership teams drown in endless to-do lists, juggling dozens of initiatives while struggling to maintain focus on what truly drives results. The most successful organizations have discovered a counterintuitive truth: exceptional performance comes not from doing more, but from doing less—with laser precision. After five decades of guiding businesses through transformational growth, we've observed a pattern among our most successful clients: they master the discipline of identifying and executing their three most critical actions at any given time.
Trust and Estate Alert: IRS Electronic Payment Mandate Creates Urgent Compliance Challenge for High-Net-Worth Families

Trust and Estate Alert: IRS Electronic Payment Mandate Creates Urgent Compliance Challenge for High-Net-Worth Families

The IRS is eliminating paper checks for all tax payments by September 30, 2025—and high-net-worth families with trusts and estates face a particularly complex transition. Unlike individual taxpayers who can use streamlined electronic payment systems, trusts and estates cannot access IRS Direct Pay and must navigate more complicated enrollment processes that can take weeks to complete. With the October 15 extended filing deadline and January quarterly payments rapidly approaching, trustees and families managing multiple entities need to act immediately to avoid penalties and compliance issues. KHA Accountants' specialized expertise in trust and estate tax planning positions us as your strategic partner to navigate this critical transition smoothly and efficiently.
The $400 Billion Opportunity: How Savvy Families are Turning Education Savings Into Generational Wealth

The $400 Billion Opportunity: How Savvy Families are Turning Education Savings Into Generational Wealth

For over five decades, American families have diligently saved for their children's education through 529 college savings plans, accumulating more than $400 billion in assets. Yet a quiet revolution is reshaping how families think about these accounts. Recent legislative changes have unlocked an unprecedented opportunity to transform unused education funds into powerful wealth transfer vehicles that can benefit multiple generations.
Understanding the One Big Beautiful Bill’s Impact on Your Estate Plan

Understanding the One Big Beautiful Bill’s Impact on Your Estate Plan

The One Big Beautiful Bill Act has permanently raised the federal estate tax exemption, offering a secure $15 million threshold for individuals. This change transforms estate planning strategies, providing long-term certainty and flexibility in wealth transfer through gifting, trusts, and charitable contributions. Discover how these updates can shape your financial legacy.
The OBBBA Car Loan Tax Deduction

The OBBBA Car Loan Tax Deduction

If you're shopping for a new car, there's a limited-time tax break that could save you thousands of dollars. However, there's a specific window of time, the rules are strict, and you must act strategically to make it work. Watch our video to learn more.
Breaking Down Disregarded Entities and Their Tax Implications

Breaking Down Disregarded Entities and Their Tax Implications

Discover how disregarded entities can simplify taxation while offering liability protection crucial for entrepreneurs. Learn the nuances of single-member LLCs, explore their tax implications, and uncover best practices to avoid common pitfalls. This guide is essential for anyone seeking a streamlined business structure with robust legal and tax benefits.
The Strategic Impact of Section 754 Elections on Real Estate Partnerships

The Strategic Impact of Section 754 Elections on Real Estate Partnerships

Understanding Section 754 elections is crucial for maximizing tax benefits in real estate partnerships. This article delves into how this complex IRC provision can align the inside and outside basis, offering potential for reduced taxes through strategic depreciation and amortization. Explore the advantages, challenges, and compliance considerations that can shape a partnership’s tax strategy.
Unlocking Hidden Value: How Personal Goodwill Can Maximize Your Business Sale

Unlocking Hidden Value: How Personal Goodwill Can Maximize Your Business Sale

When preparing to sell your business, you're likely focused on tangible assets like equipment, inventory, and cash flow. But there's a hidden asset that could significantly boost your sale price while dramatically reducing your tax burden: personal goodwill. This often-overlooked component of business valuation represents the intangible value tied directly to your individual reputation, skills, and relationships. When properly identified and structured, personal goodwill can provide substantial tax advantages through single-level taxation and capital gains treatment, while giving you powerful negotiation leverage in M&A transactions. Discover how to unlock this hidden value and transform your exit strategy.
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