KS ADVISOR BLOG

Is Your Company Effectively Managing Tax Risk?

Is Your Company Effectively Managing Tax Risk?

The concept of “tax risk” is an important and regular topic of discussion across organizations and in boardrooms, and for good reason. Businesses that operate across state lines or internationally can in certain cases trigger tax liabilities in jurisdictions where they do not have a physical presence. As companies place additional focus on social responsibility and fiscal transparency, the benefits of having a tax risk policy in place can be substantial.

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Changes to Lease Accounting

Changes to Lease Accounting

If you are a business owner, CFO, lender, or investor, you have probably long heard rumors of a new lease standard coming in the world of accounting. In fact, you have probably heard about it for so long that you don’t even remember when or what it is all about at this point. Well, the “when” is finally now, and the “what” I will describe more for you here.

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LIBOR Transition Regulations

LIBOR Transition Regulations

On March 5, 2021, the ICE Benchmark Administration (IBA) announced that publication of overnight, one-month, three-month, six-month and 12-month USD LIBOR will cease immediately. To address the elimination of LIBOR, the IRS proposed regulations, which were then finalized on December 30, 2021.

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Avoiding Income Tax on the Sale of Stock

Avoiding Income Tax on the Sale of Stock

If it is true that, “for everything there is a season, and a time for every matter under heaven,” then the enactment of the Tax Cuts and Jobs Act (“TCJA”) brought about a season in which taxpayers should take the time to consider doing business through a C corporation.

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Year-End Tax Planning

Year-End Tax Planning

Year-end tax planning is more challenging than usual this year due to the uncertainty surrounding pending tax legislation that could, among other things, increase top rates for ordinary income, capital gains and net investment income tax starting next year. Whether or not tax increases become effective next year, the standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely continue to produce the best results for all but the highest income taxpayers.

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Three Types of Holiday Celebrations with Employees

Three Types of Holiday Celebrations with Employees

With many employers still having employees work from home due to COVID concerns, company holiday celebrations may look different than pre-pandemic times. However, this doesn’t mean that you can’t have festive times with your employees as there are still lots of fun ways to celebrate the holidays.

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Moving Assets From an S Corporation to a Partnership

Moving Assets From an S Corporation to a Partnership

From an income tax perspective, business owners often view S corporations and partnerships as fungible forms of doing business. Although both entities generally avoid an entity-level tax by “passing-through” their income to their owners, partnerships often have significant advantages over S corporations.

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Three Best Practices to Prevent Business Email Compromise

Three Best Practices to Prevent Business Email Compromise

It is no longer a question of if your organization will experience some form of business email compromise (BEC), it is now only a question of how frequently it will occur and how prepared you are to handle it. There are many things you probably already have in place; we share some of the best protection methods are also simple.

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