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.
New IRS guidance could impact your Opportunity Zone tax compliance and planning strategies. Notice 2025-50 reduces the substantial improvement threshold from 100% to 50% for rural QOZ properties, effective retroactively to July 4, 2025. With 3,309 rural zones now identified, some investors may qualify for benefits they previously couldn't achieve, while others need immediate compliance reviews to optimize their tax positions.
Major Alert for High Earners: If you're making $145,000+ and contributing catch-up funds to your 401(k), the rules just changed dramatically. Starting in 2025, ALL your catch-up contributions must go into Roth accounts—meaning you'll pay taxes upfront instead of getting that immediate deduction. But here's the twist: this could actually be a golden opportunity for long-term wealth building. Our tax experts break down what this means for your retirement strategy and why acting now is crucial.
Starting September 30, 2025, the IRS will stop issuing paper refund checks as part of Executive Order 14247, affecting 6.5 million taxpayers who still receive paper checks. "Many of our clients initially express concern about providing banking information electronically, but the reality is that paper checks actually carry higher risk," says Jennifer Sicking, Managing Partner at KHA Accountants. "Treasury data shows paper checks are 16 times more likely to be lost, stolen, or delayed compared to electronic transfers." The deadline may seem distant, but preparation should begin now to avoid delays and complications with both refunds and payments to the IRS.
The recent enactment of the "No Tax on Tips" provision within the Omnibus Budget and Business Benefits Act represents more than just another regulatory change—it signals a fundamental shift in how American businesses must approach compensation strategy, tax planning, and competitive positioning. While much of the early discussion has focused on the mechanics of implementation, the more critical question for business leaders is how to leverage this change as a catalyst for comprehensive tax strategy and competitive advantage. The firms that thrive in this new environment will be those that move beyond reactive compliance to proactive strategic planning.
The IRS has released a draft tax form covering four new deductions from the One Big Beautiful Bill Act, including No Tax on Tips and No Tax on Overtime. Here's what you need to know and how to prepare for these potential tax savings.
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.
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.
Explore real estate tax strategies with bonus depreciation and §179 updates under the One Big Beautiful Bill to maximize year-end deductions and savings.
The OBBB Act made changes to the Employee Retention Credit (ERC) program by retroactively invalidating certain claims and extending the statute of limitations for an audit to six years.
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