Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $147,000 for 2022 (up from $142,800 for 2021). Wages and self-employment income
Interest in environmental, social, and governance (ESG) matters has grown significantly during the COVID-19 pandemic. And that momentum may continue under the Biden administration. Currently, about 90% of large public
Many employers have found value in combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The IRS recently published two information letters, Letter 2021-0008 and Letter 2021-0014,
Events of the last decade have taught us that tax law is anything but certain. So how can young, affluent people plan their estates when the tax landscape may look
#KPMCPAs is a proud sponsor of Rotaract Club of Springfield’s upcoming Double Dare fundraiser on Thursday, October 28 at the Oasis Convention Center, which benefits Great Circle. Join them for
When creating or updating your strategic plan, you might be tempted to focus on innovative products or services, new geographic locations, or technological upgrades. But, what about your customers? Particularly
According to a recent survey conducted by fundraising platform FrontStream, the vast majority (87%) of Americans say they are donating to charity in 2021. In fact, almost 20% claim they
Have you heard of the ‘nanny tax?’ Even if you do not employ a nanny, it may apply to you. Hiring a house cleaner, gardener, or other household employee (who
The ladies of #KPMCPAs stepped out in style for the annual Wine, Women, & Shoes event to celebrate and raise funds for The Victim Center! Our own Michelle Vespa even
