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
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
DOL has issued an interpretive bulletin updating independence requirements for audits of employee benefit plans.
IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
IRS Rev. Proc. 2022-19 provides S corporations with simplified procedures to resolve common issues without a private letter ruling.
As attack methods become more sophisticated and widespread, no organization is immune to suffering a cybersecurity breach. The key to protecting your business is developing controls to make you less of a target and limit potential damage, as well as implementing a comprehensive strategy to react if you fall victim to an attack.
The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
IRS R&D credit refund claim transition period extended one year.
A summary of important state and local income tax updates enacted during the quarter ending Sept. 30, 2022, which may impact the computation of current and deferred tax provisions under ASC 740.
The actions taken throughout the life cycle of a real estate investment determine whether specific real estate is held for investment or held as dealer property.
IRS releases a set of technical corrections (2022-15867 and 2022-15868) to calm taxpayer concerns regarding the final FTC regulations.
When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.
President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
Wealth preservation issues and strategies for multigenerational wealth; how to prioritize grantor intent for future generations while minimizing taxes and reducing conflict.
Fifth Circuit Court of Appeals upholds the constitutionality of section 7345, revocation or denial of passport in case of certain tax delinquencies.
Results of the midterm elections will determine the tax policy outlook for the remainder of 2022, including an extenders package.