HK Business News

A Roth option is now almost universally offered by 401(k) plans, according to the Plan Sponsor Council of America's 68th annual survey, which covers the 2024 plan year. If you participate in your employer's 401(k) and have access to this […]

Is Your Child's Financial Aid Taxable? If you're currently evaluating financial aid awards for your college-bound child, it's important to understand what types of assistance are taxable. In general, free-money scholarships, fellowships, grants and tuition "discounts" are nontaxable. However, they […]

Under the One Big Beautiful Bill Act (OBBBA), eligible businesses can claim 100% first-year depreciation for nonresidential real estate that's classified as qualified production property (QPP). This provision can accelerate depreciation deductions and potentially reduce tax obligations for businesses that […]

Don’t sleep on these after-tax-day tips With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your best interest to tie up a few […]

Taxpayers who suffered net operating losses (NOLs) in the 2025 tax year may hope to take advantage of them to reduce future tax bills. However, various limits determine eligibility for NOL deductions and the size of those tax breaks. In […]

IRS Issues Guidance on New Trump Accounts On March 6, the IRS issued proposed regulations addressing Trump Accounts (TAs), which were created under the One Big Beautiful Bill Act. TAs provide families with a new way to build savings for […]

Taxpayers often discover after their federal income tax returns are prepared that they owe more than expected. If you can't pay your bill in full, you may be unsure what to do next. Here's what you need to know about […]

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 […]