HK Business News

When your financial statements arrive, it’s tempting to glance at the bottom line and move on. After all, you’ve got customers to serve and employees to manage. But your income statement is more than a report card. It can be […]

Manufacturers face a growing challenge: finding the talent needed to stay competitive in an environment defined by rapid technological change, shifting supply chains and evolving customer expectations. The build-buy-borrow (BBB) approach can help close workforce gaps while managing costs and […]

Stay informed on the latest federal tax updates affecting businesses, from new credits and deductions to compliance requirements and planning opportunities. This issue highlights key developments that could impact your bottom line. Read more from your tax experts below for […]

Owners’ compensation can be a subjective — potentially contentious — issue when valuing a closely held business. Here’s an overview of how business valuation professionals evaluate and adjust for owners’ compensation when assessing normalized earnings. Learn more from the experts […]

Not all married couples earn dual incomes. For example, during the course of a marriage, one spouse may leave the workforce to care for a family member or tend to his or her own health issues. Regardless of why you […]

The One Big Beautiful Bill Act (OBBBA) establishes new individual federal income tax deductions for qualified income from tips and overtime. Although the OBBBA wasn't signed into law until July 4, 2025, these new deductions were effectively made retroactive to […]

Although many provisions of the One Big Beautiful Bill Act (OBBBA) took effect in 2025, additional changes began in 2026. A significant change for higher-income taxpayers age 50 and older under the Setting Every Community Up for Retirement Enhancement 2.0 […]

Tax season is here, and the IRS is reminding taxpayers of their rights. By law, every taxpayer is protected by the Taxpayer Bill of Rights, which outlines 10 key principles that promote fairness, transparency and respectful treatment. These include being […]

Starting January 1, 2026, significant changes will take effect regarding the deductibility of certain business meal expenses. The 2025 Act introduces new restrictions on employer deductions for food and beverage expenses that are excluded from employee income. The general rule […]

Under current law, the deduction for business interest expense is generally limited to 30% of adjusted taxable income (ATI) for the year. The One Big Beautiful Bill Act (OBBBA) modifies how ATI is calculated, starting in 2025. Specifically, depreciation, amortization […]

This update covers several important federal tax developments affecting individuals. Highlights include changes to Trump Accounts, reporting rules for tip income, new tax credits, and planning considerations to keep in mind. Learn more from the tax experts at Hall Kistler […]

Given the dramatic increase in the federal gift and estate tax exemption over the last 20 years, there's a common misconception that federal estate planning is a concern of only the wealthiest individuals. Indeed, with the exemption amount currently at […]