News & Insights

The Senate Finance Committee has introduced a tax bill aimed at extending key components of the 2017 Tax Cuts and Jobs Act, with crucial differences from the House's version. As legislators rush to reconcile both measures, the stakes involve significant changes to individual and business tax provisions, including SALT deductions and QBI rules. Discover how potential shifts could impact taxpayers and businesses in this evolving legislative landscape.

Small business owners need to take note: the Financial Crimes Enforcement Network has set March 21 as the new deadline for filing Beneficial Ownership Information reports under the Corporate Transparency Act. This article explores how these rules impact small businesses, details the recent legal developments affecting deadlines, and outlines essential steps for compliance to avoid significant penalties.

Discover key strategies to maximize your Qualified Business Income (QBI) deduction before it potentially expires in 2025. Learn how to navigate phaseouts, entity structures, and more to enhance your tax savings. Stay ahead with smart planning and ensure you capture this valuable opportunity.

Keegan Linscott & Associates (KLA) is excited to announce its participation in the upcoming Meet the Firms events this spring semester at the University of Arizona and Northern Arizona University. Meet the Firms is a fantastic opportunity for accounting students to network with professionals and learn more about potential career paths in the field. 

Are you looking to lower your tax bill in Arizona for 2024? This article outlines how contributing to charities, foster care, public and private schools, and the Military Family Relief Fund can significantly reduce your tax liability. Get a head start on your year-end tax planning with this informative guide.

Discover the newly enforced Corporate Transparency Act, requiring U.S. and certain non-U.S. entities to report beneficial ownership to FinCEN. Learn about the hefty penalties for non-compliance and the specific reporting requirements for different entities. Review the list of exemptions and understand when and how you must file your reports.

On Tuesday, October 22nd, members of Keegan Linscott and Associates, PC teamed up with the Arizona Diaper Bank to bundle diapers that help support a diverse community of over 600,000 individuals!

Proposed FASB guidance may help employee benefit plans that file Form 11-K with the SEC apply XBRL tags to their annual reports.

As entities continue to navigate the current economic conditions, they are looking to contain costs. This article discusses the accounting for each of these methods.

Senate does not advance House-passed measure that would have temporarily restored R&E expensing, full bonus depreciation, and an EBITDA based interest deduction limitation standard

Treasury releases final regulations for prevailing wage and apprenticeship requirements related to increased credit or deduction amounts for certain clean energy incentives.

What can IT service leaders learn from the the July 2024 CrowdStrike outage? What should you consider to best prepare for the future? RSM risk professionals weigh in.