Firm News & Updates

 

KWC Names New Principal

KWC Names New Principal

We are pleased to announce the promotion of Kristen Baietti to Principal with the firm. “I am pleased to introduce Kristen as a principal with the firm,” said Connie Hammell, Managing Principal of KWC. “She has developed close relationships with her clients over the...

DOL Expands Overtime to Millions of Workers

DOL Expands Overtime to Millions of Workers

In April 2024, the U.S. Department of Labor (DOL) issued a new final rule that's slated to expand the number of workers who are eligible for overtime pay under the federal Fair Labor Standards Act (FLSA). It's expected to affect four million workers. The rule, which...

Updated Guidance on Business Vehicle Depreciation

Updated Guidance on Business Vehicle Depreciation

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation deductions moving targets. (See...

When To Outsource Accounting Services

When To Outsource Accounting Services

Why Outsourcing Your Accounting & Finance Functions Provides Value for a Small Business By Kira Wissman, Controller, KWC CPAs The accounting & finance functions are often undervalued and overlooked in start-ups or small businesses.  The costs can be...

Chart a Tax Course for Business Travel

Chart a Tax Course for Business Travel

Are you planning to take a business trip this summer? If your destination is known for its cultural or recreational attractions, you might want to combine some leisure with your business activities. You still may be able to enjoy plenty of tax benefits from the trip —...

Planning Is Essential if You’re Inheriting Assets

Planning Is Essential if You’re Inheriting Assets

If you're in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved one who has passed. Indeed, a large infusion of cash or assets can be overwhelming. Generally, when you...

Don’t Overlook the Child Care Tax Credit

Don’t Overlook the Child Care Tax Credit

For years, the tax code has offered an incentive for employers to provide child care to their employees in the form of the Section 45F child care tax credit. But the credit is rarely claimed, according to the Congressional Research Service. Employers that qualify for...

FAQs on the General Business Credit

FAQs on the General Business Credit

The general business credit (GBC) may help certain small businesses cut their federal income tax obligations significantly. This is an "umbrella" credit that encompasses various business-related credits, which are far more valuable than tax deductions. While...

Should Married Couples File Jointly or Separately?

Should Married Couples File Jointly or Separately?

Once you're married, you have two options when it comes to filing your annual federal income tax return — married filing jointly or married filing separately. While some couples may find it more tax-efficient to file separately, joint filing often is more...