The Partners and associates of KBST&M Certified Public Accountants are pleased to announce that Allan C. Sanders, CPA, has joined the firm as a Partner. As a member of the firm, Mr. Sanders will continue to service emerging businesses, including… Read More
Blog
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Is your business closing? Here are your final tax responsibilities
Is your business closing? Here are your final tax responsibilities Businesses shut down for many reasons. Some of the reasons that businesses shutter their doors: An owner retirement, A lease expiration, Staffing shortages, Partner conflicts, and Increased supply costs. If… Read More
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Protecting your nonprofit from data breaches
Protecting your nonprofit from data breaches By now, all organizations — for-profit and not-for-profit — know about the risk of cyberattacks. Why then, would any nonprofit fail to secure its network and digital assets? One reason is cost. Cybersecurity can be expensive…. Read More
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Like every business, a start-up needs a sensible budget
Like every business, a start-up needs a sensible budget An impressive 432,834 new business applications for tax identification numbers were submitted during October 2022, according to the U.S. Census Bureau. Indeed, despite the relatively higher costs of doing business these days,… Read More
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Computer software costs: How does your business deduct them?
Computer software costs: How does your business deduct them? These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or… Read More
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Why your nonprofit might want to compensate board members
Why your nonprofit might want to compensate board members Because most not-for-profit board members serve voluntarily, you may not have known compensating them was an option. But depending on the type of organization, the expertise and experience expected of board members,… Read More
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How should your marketing strategy change next year?
How should your marketing strategy change next year? The current calendar year is winding down and a fresh 12 months lies ahead. That makes now a good time to think about how you should present yourself to customers and prospects next year. The… Read More
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Adopting a child? Bring home a tax break too
Adopting a child? Bring home a tax break too Two tax benefits are available to offset the expenses of adopting a child. In 2022, adoptive parents may be able to claim a credit against their federal tax for up to… Read More
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How inflation will affect your 2022 and 2023 tax bills
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The… Read More
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Supplementing your company’s health care plan with an EBHRA
Is your business ready to take its health care benefits to the next level? One way to do so is to supplement group health coverage with an Excepted Benefit Health Reimbursement Arrangement (EBHRA). Here are some pertinent details. Rules to… Read More