We understand first-hand the challenges of running your small to midsize business. These free guides and tools can help make it easier for you.
Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act (TCJA) includes changes to the Internal Revenue Code (“Code”) impacting individuals, business owners, and real estate professionals.
We’ve put together several resource pages to help you make sense of the tax law changes and how they may affect you.
For Individual Taxpayers
What works for one individual or family may not work for another, although their circumstances may appear to be similar on the surface. Learn more about the impact of the new federal tax law on individual taxpayers in this guide.
For Business Owners
This page highlights of some of the most important changes TCJA made to corporate and individual tax rates, deductions for certain pass-through businesses, business interest expense deductions, and more.
For Real Estate Pros
With the new tax law, it’s more important than ever for real estate professionals to structure real estate operations and investments in a tax efficient manner. Taxes may be a significant portion of their annual cash expenditures without proper planning. Get resources on the impact of TCJA.
You may need to determine the value of your business for many reasons, such as if you plan to sell it or leave it to family members.
Business plans and agreements, divorce proceedings, and estate taxes are among the other reasons you may need to evaluate the fair market value of your business.
The KRS CPAs Guide to Business Valuation is an excellent primer for the complex process of valuation.
This guide will bring you up to speed on some of the basics of business valuation, then provide you with additional insights into key factors to a valuation such as risk and cash flow.
The Tax Cuts and Jobs Act made significant changes to the Internal Revenue Code of 1986 and while many businesses stand to benefit from the sweeping legislation, when it comes to the Act’s impact on law firms and their partners and associates – it can get complicated. Many law firms are still scrambling to come to grips with the changes and identify their impact.
Now there’s a free KRS CPAs guide, “The Tax Cuts and Jobs Act of 2017 – Considerations for Law Firms.”
If you are a managing partner or executive at your law firm, understanding the factors covered in the Guide will help you and your firm determine the best strategy for optimizing your firm’s and your partners’ tax positions.
If you’re an licensed real estate agent or broker, it’s wise to do some tax planning so that you’re taking advantage of every available deduction.
Download this free guide and learn about the most common tax deductions you can take as an independent contractor. You also get valuable information about record keeping, retirement plans, and leasing versus buying your car. Get the Planning Guide
Are you buying or selling a principal residence, vacation home, or rental property? Be sure you are getting all the tax savings you deserve. Download this free tip sheet today! You’ll learn about the most common tax savings opportunities. Don’t buy or sell without knowing about these tax saving opportunities – you’ll be leaving money on the table. Get the Tip Sheet
As a new business owner, you wear many hats, so the quicker you can learn the financial basics, the sooner you can focus on building the company you’ve always envisioned. Download this free checklist today. Learn what you need to know to set up your small business finances the right way.