HK News

Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But it also makes your taxes […]

Start-ups must choose a legal entity for their business activities. The type of entity you select affects how the business is taxed and who may be held personally liable for its debts and obligations, among other things. Two popular options […]

Summer is a good time to see whether your income, deductions and investment activity are lining up as expected. Let’s take a look at a few areas that commonly provide tax-saving opportunities. Learn more from the experts at Hall Kistler […]

A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected financial roadblocks along the way. Regardless of your situation, current tax breaks may be available to […]

Tax problems can happen to even the most organized small business owners. A cash flow crunch, an unexpected tax notice, a missed filing deadline or a payroll tax oversight can be stressful — especially when penalties and interest begin to […]

When CNBC named Ohio the No. 1 state for business in 2026, it confirmed something many manufacturers across the state have experienced for years: Ohio is one of the best places in the country to build, grow and sustain a […]

If you operate your small business as a sole proprietorship or a single-member limited liability company (LLC) treated as a sole proprietorship for tax purposes, paying close attention to the individual federal income tax regime is critical. The same holds […]

IRS Warns of CP53E Scams Confusion about IRS CP53E notices is growing — and scammers are taking advantage. CP53E is an official IRS notice related to tax refunds and bank account information. As the IRS shifts from paper checks to […]

For 2026, the federal gift and estate tax exemption is $15 million. That's effectively $30 million for a married couple, assuming both spouses' exemptions are available. (For 2027 and beyond, the exemption will be adjusted annually for inflation.) If the […]

Differences in owners’ voting rights can impact the value of a business interest — but not always. A business valuation professional must thoughtfully evaluate ownership rights and restrictions to arrive at a reliable value conclusion. Here’s how the pros factor […]

Financial statements are essential tools for evaluating performance, planning for growth and managing risk. Yet many business owners, board members, donors and investors don’t have formal accounting training. Presenting financial information in a clear, approachable way can help stakeholders better […]

For manufacturers, strong cash flow management is essential to maintaining stability and supporting long-term growth in an increasingly competitive and unpredictable market. Rising material costs, supply chain disruptions, labor shortages and fluctuating customer demand can quickly strain working capital and […]