Firm News & Updates

Section 529 plans are most commonly used as a tax-favored way to save and pay for college expenses. You might be reluctant to open a 529 account for your child because you're not sure he or she will pursue a college degree. Or maybe you're too focused on paying...

We know all too well that tax law is constantly changing. The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. We want you to be ready for it. This article focuses on planning opportunities around the changes to charitable deductions. Itemized...

There's  good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need to know to take advantage. 100%  First-Year Bonus...

The videos and slides below provide an overview of the individual and business provisions of the One Big Beautiful Bill Act (OBBBA). These provide general information and should not be considered tax advice. We encourage you to reach out to your KWC advisor with...

On July 4, 2025, President Trump signed into law the reconciliation bill informally named the One Big Beautiful Bill Act (OBBBA). The bill has been hailed by the administration as a sweeping tax reform package that reshapes the tax landscape for individuals and...

The IRS has recently noted that there has been an increase in tax scam attempts. Scammers may try to steal money or sensitive data by impersonating the IRS or state and local tax agencies and contacting the taxpayer through email or text. They may tell the victim that...

Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects how the business is taxed, its administrative complexity, and who may be held personally liable...

We are pleased to announce that John Hall, Shelley Hyde and Amanda Ramsey have been named Principals with the firm. “John, Shelley and Amanda represent the firm's next generation of leaders,” said Connie Hammell, Managing Principal of KWC. “They have consistently...

Life is full of changes, and many significant milestones can affect your tax situation in unforeseen ways. Whether you're getting married, welcoming a new child, starting a new job or making other changes, it's important to understand how these events can affect your...

Intuit recently announced service discontinuation for QuickBooks Desktop 2022. Below is additional information regarding the discontinuation and how it may affect you as a current user.  When will service discontinuation begin (and the products affected)? After May...