KERNUTT STOKES BLOG
Four Key Performance Indicators to Measure Your Company’s Performance
As we get closer to the end of the year, it’s time to evaluate your business’ success. Here are four key performance indicators (KPIs) to help evaluate your business’ performance and start planning for the future.
Three Steps to Recruiting Success for Accounting Students
Recruiting season has begun. Are you ready?
Here are three things all accounting students should do to get the most out of the 2021 recruiting season.
House Ways and Means Committee Releases Initial Tax Proposals
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax cuts, which will undergo a round of markups by the committee over the next few days. Most tax proposals were anticipated; however, the House provided a few surprises.
A Limited Opportunity
The proposed increase in capital gain rates has been a fairly hot topic over the last few months. Current opportunity zone investors and potential opportunity zone investors will likely want to monitor this topic closely over the next few months.
Four Benefits of Managing Business Financials on Mobile
When it comes to managing your company’s finances, mobile options offer smart, simple solutions to complicated AP tasks. But is mobile bill management right for you and your business? Here are four key benefits of using mobile devices to handle your business payments.
Five Key Philosophies to Having a Successful Career
As one of the newest partners at Kernutt Stokes, I recently reflected on some of the key notions that I’ve learned throughout my career. Here are five philosophies that helped guide my work style and helped me become a better leader.
Fighting Fraud in a Post COVID-19 Business Environment
The economy is ramping back up, businesses are hiring, and people are starting to socialize again in public. There are lots of reason to be optimistic right now, and hopefully you are. However, there is another virus in our society that did not feel the pain of the COVID-19 pandemic. […]Unfortunately, I am referring to fraud.
What Tax Changes Could Mean for Income Tax on Capital Gains
The Biden Administration recently released its budget for the fiscal year 2022, and the document contains many significant potential changes to the country’s tax laws. This article will focus on Biden’s proposed changes to the income tax on capital gain. The headline on capital gain reform is, of course, the rate.
Real News in the Definition of Real Property for Purposes of Section 1031 Exchanges
Most real estate investors are familiar with section 1031 exchanges, and by now, most of these investors have also likely been informed that the Tax Cuts and Jobs Act, passed at the end of 2017, limited the application of that section to exchanges of “real property.”
How to Foster Company Culture in “the New Normal” We Live in Now
Over the past year, the COVID-19 pandemic has redefined “normal” in almost every aspect of our lives, including our work lives. How do we maintain our company culture in this new type of work environment? And what are the keys to staying socially connected even when we have to be physically distant?
3 Tips for a Successful Audit
Well, it is that time of year again, and if you are not already deep in audit requests, you will be soon. As you get ready, it is always good practice to evaluate how to improve the audit process as well as your overall experience and that of your staff. We have found the following three tips to be key to a successful audit each year.
CARES Act Tax Credit Now Available to Qualifying Employers
The passage of the CARES Act in March 2020 included the Employee Retention Tax Credit (ERTC) that most employers were unable to take due to limitations inherent in the qualifications to take it.