by KWC CPAs | Feb 20, 2026 | Accounting
Deductible Business Meals & Entertainment in 2026 Business meals and entertainment get tougher to deduct starting in 2026. The recent tax law change (often called OBBBA) tightens the rules on both what you can deduct and at what percentage. Big picture for 2026...
by KWC CPAs | Feb 9, 2026 | Accounting
The One Big Beautiful Bill Act (OBBBA), enacted in the summer of 2025, includes a new temporary federal income tax deduction for auto loan interest. On January 2, 2026, the IRS published in the Federal Register proposed regulations addressing the write-off — which is...
by KWC CPAs | Dec 23, 2025 | Accounting
Catch-up contributions have long been a way for taxpayers to put more dollars into their retirement accounts as they get older. But the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, enacted in 2022, included a major change to the catch-up...
by KWC CPAs | Dec 9, 2025 | Accounting
Virginia Business has named KWC CPAs as one of the 2026 Best Places to Work in Virginia. The awards are held in partnership with Best Companies Group. Best Places to Work in Virginia identifies, recognizes and honors the best places of employment in Virginia in three...
by Martin N. Morris, CPA | Nov 19, 2025 | Accounting
In today’s volatile economic environment, business owners face uncertainty on many fronts. As they seek to make decisions regarding expansion, contraction, or even changing lines of service or product offerings, many discover that a prudent plan from a few weeks ago...
by KWC CPAs | Nov 17, 2025 | Accounting
As the year draws to a close, many businesses look for ways to recognize and thank their employees. From gift cards to holiday treats to service awards, the options are plentiful. But not all gifts are treated equally by the IRS. The tax implications depend on factors...
