Intangible assets: How must the costs incurred be capitalized? These days, most businesses have some intangible assets. The tax treatment of these assets can be complex. What makes intangibles so complicated? IRS regulations require the capitalization of costs to: Acquire… Read More
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Choosing a retirement plan for your small business
Choosing a retirement plan for your small business Most growing small businesses reach a point where the owner looks around at the leadership team and says, “It’s time. We need to offer employees a retirement plan.” Often, this happens when the… Read More
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Year-end giving to charity or loved ones
Year-end giving to charity or loved ones The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the… Read More
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Welcome Allan C. Sanders, CPA
The Partners and associates of KBST&M Certified Public Accountants are pleased to announce that Allan C. Sanders, CPA, has joined the firm as a Partner. As a member of the firm, Mr. Sanders will continue to service emerging businesses, including… Read More
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Is your business closing? Here are your final tax responsibilities
Is your business closing? Here are your final tax responsibilities Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If… Read More
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Protecting your nonprofit from data breaches
Protecting your nonprofit from data breaches By now, all organizations — for-profit and not-for-profit — know about the risk of cyberattacks. Why then, would any nonprofit fail to secure its network and digital assets? One reason is cost. Cybersecurity can be expensive…. Read More
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Like every business, a start-up needs a sensible budget
Like every business, a start-up needs a sensible budget An impressive 432,834 new business applications for tax identification numbers were submitted during October 2022, according to the U.S. Census Bureau. Indeed, despite the relatively higher costs of doing business these days,… Read More
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Computer software costs: How does your business deduct them?
Computer software costs: How does your business deduct them? These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or… Read More
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Why your nonprofit might want to compensate board members
Why your nonprofit might want to compensate board members Because most not-for-profit board members serve voluntarily, you may not have known compensating them was an option. But depending on the type of organization, the expertise and experience expected of board members,… Read More
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How should your marketing strategy change next year?
How should your marketing strategy change next year? The current calendar year is winding down and a fresh 12 months lies ahead. That makes now a good time to think about how you should present yourself to customers and prospects next year. The… Read More