by KWC CPAs | May 9, 2025 | Accounting
In many areas, vacation home prices have skyrocketed, along with property insurance costs. If you own a highly appreciated vacation property, is it time to cash out and simplify your life? You could simply sell the property and accept the tax hit on your gain. (See...
by KWC CPAs | Apr 30, 2025 | Accounting
Keeping up with ever-evolving tax laws can be challenging for individuals and small business owners. Because the IRS continuously refines its systems for detecting errors and inconsistencies, it’s important to understand potential audit triggers — and how to...
by KWC CPAs | Mar 31, 2025 | Accounting
How big is your retirement nest egg? Too often, people sacrifice retirement savings to afford a bigger home, cover emergency expenses or pay for their children’s education. But time flies, leaving many retirees “financially fragile.” In fact, only...
by KWC CPAs | Mar 14, 2025 | Accounting
In the complex world of federal taxes, myths and misconceptions can lead to costly mistakes and missed opportunities — especially for business owners and high-net-worth individuals. Here’s a look at 10 tax myths that, if left unchecked, may limit tax breaks and...
by KWC CPAs | Mar 6, 2025 | Accounting
The Treasury Department announced on March 2, 2025, that it won’t enforce penalties or fines relating to Beneficial Ownership Information (“BOI”) reporting under existing regulatory requirements. For US citizens or domestic reporting companies or their beneficial...
