Tangible business assets include vehicles, equipment, and furniture. Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful
Tangible business assets include vehicles, equipment, and furniture. Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful
Overview While many potential tax saving strategies are limited to business owners, oil and gas deductions can benefit high-earning W-2 employees as well. Energy investments
Background The Inflation Reduction Act that was signed into law in August is a remnant of the “Build Back Better Plan.” The original $6 trillion
Experts recommend investing for retirement early and often. When life gets in the way, however, that ideal may not be achievable. The government has provisions
Introduction If you purchased an investment property a few years ago, you were probably thrilled to see the skyrocketing prices in the Phoenix valley and
In July of 2022, the Department of Justice charged three individuals in the first-ever insider trading case concerning cryptocurrency. This move reflects the US government’s
Person-to-Person Payments Zelle… Venmo… Square… PayPal… Cash App… Options for person-to-person payment services (P2Ps) have exploded over the last decade. Venmo is known for its
Natural phenomena such as floods, forest fires, hurricanes, tornadoes, and earthquakes pose unpredictable threats to life and property. When disaster strikes, the IRS has policies
Accountants and financial advisors alike agree that investing in tax-advantaged retirement accounts like 401(k)s and IRAs are a great way to save for retirement. Many
In March of 2021, the IRS shocked taxpayers and tax preparers alike when an audit uncovered that the IRS office in Ogden, UT, had destroyed
K&R is one of the fastest-growing professional services firms in Arizona. We specialize in industry expertise focusing on progressive tax compliance, consulting, and small business advisory services.
Named one of 2021’s Best Places To Work in Arizona, K&R is dedicated to solid relationships, integrity, and going above and beyond. Our commitment is to “expect more.”
© 2023 K&R Tax