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
A guide to lessee accounting under ASC 842 has been updated to incorporate guidance from the ASUs issued by the FASB.
IRS will automatically waive or abate failure to file penalties for some returns when filed by Sept. 30, 2022. IRS will also waive or not apply penalties for 2019 and 2020 information returns.
Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.
IRS guidance helps taxpayers navigate the transition from existing rules for claiming EV credits to new rules enacted by the IRA including ways to verify an EV vehicle will qualify going forward.
The Inflation Reduction Act of 2022 includes significantly expanded renewable fuel credits that support goals of carbon emission reductions.
Beginning August 2022, Form 990-N users without an active IRS username must create an account with ID.me to authenticate their login information and access the Form 990-N Electronic Filing system.
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.