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3 Complex Tax Issues Facing Small Businesses

CPA Practice

KBKG , a provider of tax services for CPAs and businesses, has identified three changes that the IRS has implemented; each one could have strong impacts on businesses. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG.

Tax 110
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Three Complex Tax Issues Businesses are Facing Now

CPA Practice

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

Tax 106
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Three Complex Tax Issues Businesses are Facing Now

CPA Practice

There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season. Those still looking to file an ERC claim can continue to do so under the strict guidance of the IRS and through a certified tax professional, like KBKG. This impacts the Sec.

Tax 103
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AICPA Tax Executive Committee Approves Revised Tax Standards

CPA Practice

In August 2022, the American Institute of CPAs (AICPA) released proposed revisions to the Statements on Standards for Tax Services (SSTSs) for public comment. The AICPA’s Tax Executive Committee (TEC) reviewed and adopted the updates to the SSTSs on May 18, 2023; the updated standards will be effective on January 1, 2024.

Tax 59
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AICPA Honors 3 Tax Experts with Dixon and Horn Awards

CPA Practice

The American Institute of CPAs recently recognized three prominent Tax Division members during the 2023 AICPA & CIMA National Tax & Sophisticated Tax Conference and Fall Tax Division Meetings. Karl, CPA were presented respectively with the Arthur J. Karl, CPA – 2023 Arthur J. Dixon Award.

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Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

Tax 122
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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

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Filing taxes as a small business owner can be complex, with numerous factors to consider. From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate.