Firm News & Updates

 

Midyear Tax Planning for Noncorporate Small Business Owners

Midyear Tax Planning for Noncorporate Small Business Owners

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to the individual federal income tax regime is critical. The same holds true if you...

Tax and Financial Issues for Newly Married Couples

Tax and Financial Issues for Newly Married Couples

When it comes to taxes, getting married changes more than your filing status. Combining incomes, homes and financial accounts can affect tax liability in ways that often surprise newlyweds. Other financial issues will also be impacted by marriage. Here's a look at...

KWC Names New Principal

KWC Names New Principal

We are pleased to announce the promotion of Collin Condron to Principal with the firm. “I am pleased to introduce Collin as a principal with the firm,” said Connie Hammell, Managing Principal of KWC. “Collin's promotion recognizes not only his exceptional technical...

Claiming the QBI Deduction for Rental Real Estate

Claiming the QBI Deduction for Rental Real Estate

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, made permanent the federal income tax deduction for qualified business income (QBI). This break was originally introduced under the Tax Cuts and Jobs Act. Many business owners have been curious about whether and...

Records Retention: What to Keep, What to Toss and Why It Matters

Records Retention: What to Keep, What to Toss and Why It Matters

With tax season in the rearview mirror, many individuals and business owners wonder how long they should hold on to tax-related records — and what can safely be discarded. Different types of documents have different retention recommendations and requirements, and...

KWC Named One of the 2026 Best Places for Career Growth

KWC Named One of the 2026 Best Places for Career Growth

KWC has been named as one of the 2026 Best Places to Work for Career Growth. The awards recognize the top companies for career development and advancement opportunities across the United States. The awards are held in partnership with Best Companies Group. Best Places...

Why Now Is a Good Time to Review Your Withholding

Why Now Is a Good Time to Review Your Withholding

Filing your 2025 federal income tax return can provide valuable insights to help with 2026 tax planning. For example, if you receive a large refund or owe significant taxes for 2025, you can benefit from revisiting your withholding for 2026. Although a large refund...

Spousal IRAs Offer Retroactive Tax-Saving Opportunity

Spousal IRAs Offer Retroactive Tax-Saving Opportunity

Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member or tend to his or her own health issues. Regardless of why you left and whether it's temporary or long-term, you...

IRS Transition to Electronic Payments and Refunds

IRS Transition to Electronic Payments and Refunds

Overview Since September 2025, the federal government has been operating under Executive Order 14247, which directs federal agencies to transition receipts and disbursements, including IRS tax payments and refunds, to electronic formats “as soon as practicable.” This...