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
Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.
The IRS has released warning signs to identify misleading Employee Retention Credit scams. The release also recommends simple steps for avoiding the filing of a misleading claim.
From financial institutions to car dealerships, MFA is becoming a requirement for companies across industries. This article outlines the expanding use cases for MFA, the different features and functionalities of various MFA solutions, and the need for a holistic security strategy.
Companies should use multifactor authentication as part of a layered security strategy that includes identity and access management which exceeds passwords.
If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.
A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.
Signs point to increasing credit risk in commercial real estate loan portfolios, as recent skittishness around lending has compounded existing concerns.
See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow.
Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.
IRAs are an important tool for many individuals when it comes to managing their long-term financial goals. IRAs are generally considered investment vehicles that are exempt from tax, but this may not always be the case.
Individual Retirement Accounts (IRAs) described in section 408 are subject to the unrelated business income tax (UBIT) to the extent their gross unrelated business taxable income (UBTI) exceeds $1,000. IRA fiduciaries generally have the responsibility of filing Form 990-T, Exempt Organization Business Income Tax Return, but the tax liability belongs to the IRA.
Keeton decision: U.S. Tax Court denies a bad debt deduction – Treats advances as equity and not debt
In Keeton v. Commissioner the Tax Court denied the taxpayer a bad debt deduction saying it failed to have records proving the debt.
When employers pay employees with property or stock, rather than cash, special rules under section 83 apply.
SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.