The annual withdrawal limit for 529 plans has increased to $20,000 per beneficiary, and more expenses now qualify. Learn how these changes can enhance tax-free education savings opportunities.
Depending on your situation, you may have more to do by April 15 than file your Form 1040. What you do — or don’t do — by that date could either save you or cost you taxes, interest and penalties.
For many business owners, materiality is a gray area in financial reporting. Learn how adopting a materiality mindset can sharpen your financial insights and help you make smarter business decisions.
Grace periods for calendar-year flexible spending accounts (FSAs) are ending soon. If employees haven’t spent their 2025 FSA balances, unused amounts may revert to the employer. Here’s what IRS rules allow your business to do with forfeited funds.
Several tax provisions created by the One Big Beautiful Bill Act and other legislation are taking effect in 2026. Understanding these changes now can help individuals and businesses plan ahead and potentially reduce their future tax liability.
Kemper CPA Group LLP has been recognized by Accounting Today as one of the Top 100 accounting firms in the United States and a Regional Leader, highlighting our firm’s continued growth and commitment to serving clients.
The IRS has introduced a new Schedule 1-A to help taxpayers claim several deductions created by the One Big Beautiful Bill Act. If you haven’t filed your 2025 return yet, you may be able to deduct tips, overtime, car loan interest and claim an enhanced deduction for seniors.
There’s much to consider before deciding whether to use the actual expense method or cents-per-mile method to deduct expenses for a vehicle your business placed in service in 2025.
Child, dependent, adoption and education tax credits can provide significant tax savings, but various rules and income-based limits apply. Which credits might you be eligible for on your 2025 return?
If your business uses the accrual method of accounting and received advance payments in 2025, you may be able to defer reporting some or all of that income until 2026 for federal tax purposes.
