HK Bulletin

Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions.

1. Contribute More to Your FSA in 2023 2. Possible Tax Legislation by Year End and Beyond 3. Do You Know What Your Filing Status Is? 4. RMDs: Important Considerations for Certain Taxpayers 5. Court: Charitable Donations Must Be Substantiated

The IRS recently announced the 2023 annual inflation adjustments for many tax provisions, including tax rates, the standard deduction, the alternative minimum tax exemption, the annual exclusion for gifts, the estate tax exclusion and more.

Today's market conditions have brought working capital management to the forefront. What's worked for your business in the past might not make sense in the current economy.

Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps.

As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies.

According to polls of CEOs, CFOs and business executives, there are three key pressures that are impacting business performance as we move into Q1 2023. Persistent high inflation Scarce and expensive talent Global supply constraints Source: Gartner While we may […]

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these […]

Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.

The Inflation Reduction Act expands the R&D payroll tax credit for eligible small businesses for tax years beginning after Dec. 31, 2022. Learn more about what’s new and what requirements must be met to qualify.

Tax Credit Helps Employers Who Hire Certain Employees If your business is looking to hire, you should know about a valuable one-time tax credit. The Work Opportunity Tax Credit (WOTC), which is available through 2025, encourages employers to hire from […]

Good news: There's still time for small businesses to make some tax-smart moves between now and year end to lower their federal income tax bills this year. Plus, there probably won't be any significant unfavorable federal tax changes that will take effect in 2022. That means you can plan with greater certainty this year than last year. Here are some ideas to consider before New Year's Eve.