The President, on December 29, 2022, signed the Consolidated Appropriations Act, 2023, which is the “omnibus spending bill” Congress needed to pass to avoid a government shutdown. That legislation also included the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, a.k.a. the SECURE 2.0 Act, which can significantly impact and augment your retirement […]

By: Kali Patterson ASC 842 will significantly affect how organizations record and report leases. The new guidance created by The Financial Accounting Standards Board, or FASB, gives a more correct representation of a company’s lease obligations, and can have an impact on your financial statements, even if your number of leases is minimal. Organizations should […]

With tax season upon us, documents reporting income, sales and other items needed for your 2022 tax return should have arrived or will be arriving soon. Be on the lookout for them and be careful not to accidently discard any. Here are some of the common tax forms you need to be watching for depending […]

Austin Kight (Cape office)  joined the KEB team after graduation from Southeast Missouri State University in December 2018. He resides with his wife, Dana, and their cat Zoey. When not working, Austin enjoys traveling with his family (especially exploring National Parks) and watching KC Chiefs football.  What fictional place would you most like to visit? […]

By: Sara Jaeger When running a small business, it is easy for an unexpected challenge to escalate into a critical threat if you are unprepared. With time and resources limited, software that streamlines the accounting process and gives you a picture of your business’s overall fiscal health is a game changer. QuickBooks can help you […]

January 2023 Individual Due Dates  January 3 – Time to Call For Your Tax Appointment –  January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded.  January 10 – Report Tips to Employer – […]

The reality series “Chrisley Knows Best” first premiered on the USA Network in March 2014. It followed the lives of Georgia real estate professionals Todd Chrisley and his wife, Julie. Filmed in and around Atlanta, the show was an instant hit – after an initial first season of eight episodes, it would go on to […]

When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The following are some commonly encountered situations and the tax ramifications associated with each. Renting to a Relative – When a taxpayer rents a home to a relative for long-term use as a principal residence, the […]