Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify? If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred… Read More
Blog
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New accounting standard: Does it affect your nonprofit?
New accounting standard: Does it affect your nonprofit? An accounting standard from the Financial Accounting Standards Board (FASB) that takes effect in mid-December, 2022, could require your not-for-profit organization to act. Accounting Standards Update (ASU) No. 2016-13, Financial Instruments — Credit Losses… Read More
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Does your family business’s succession plan include estate planning strategies?
Does your family business’s succession plan include estate planning strategies? Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession. When a nonfamily business is… Read More
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Take a look at stock options as a recruitment tool
Take a look at stock options as a recruitment tool According to the U.S. Bureau of Labor Statistics, the U.S. unemployment rate rose slightly to 3.7% in October. Seeing as how that’s still a relatively low number, your business may… Read More
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How to ease staffer anxiety about your nonprofit’s future
How to ease staffer anxiety about your nonprofit’s future Like every other organization, your not-for-profit is probably working hard to negotiate the challenges of high inflation and other economic threats. So you’d be forgiven for concentrating more on stretching every dollar… Read More
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Intangible assets: How must the costs incurred be capitalized?
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