K·Coe Insights: Posts from category

Construction and Real Estate

modern-audit

A Look at the Modern Audit: Are You Missing Out?

By K·Coe Editorial | February 23, 2021
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Reading Time: 2 minutes While most companies think of audits as an annual necessity, the vast majority typically keep to the same old standards and don’t know to ask for more. But the modern audit process has changed, and businesses should raise their expectations accordingly. Today’s audit should extend beyond bringing in accountants to …

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estate-tax-planning

Estate Tax Planning: Possible Changes Ahead

By Jim Rein | February 16, 2021
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Reading Time: 2 minutes No matter what the presidential outcome, there was never any question that the outlook for estate tax planning would be different in 2021.  How much different was dependent upon who controlled the presidency and the Congress.  With Democrats now in power on both of those fronts, the logical question now …

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Business Tax Update: New 1099 Nonemployee Compensation Tax Form for 2020 Tax Year

By Sandy Sporleder | January 18, 2021
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Reading Time: 3 minutes After a 38-year absence, Form 1099-NEC has made its return in the 2020 tax year, and its January 31 deadlines are right around the corner.  Don’t panic – here’s everything you need to know about the revived form, and how it is intended to be used. For the last few …

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PPP Applicants are Stuck Fighting Fraud due to Security Breaches

By K·Coe Editorial | September 25, 2020
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Reading Time: 2 minutes In recent weeks, we have learned of an uptick in fraud cases for businesses who have applied for Paycheck Protection Program (PPP) funds for coronavirus disruption relief.  Businesses on the receiving end of this type of fraud have discovered it only after receiving an official document from the SBA via …

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CARES Act: Employee Retention Tax Credit is Available

By K·Coe Editorial | April 9, 2020
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Reading Time: 2 minutes With all of the coverage and focus on the Paycheck Protection Program (PPP) loans, many businesses are unaware of the Employee Retention Tax Credit (ERTC) that is available under the CARES Act.  The ERTC was set up to help businesses retain employees.  There is a small catch, however:  a business …

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IRS Issues Small Business Reminders

By K·Coe Editorial | May 13, 2019
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Reading Time: < 1 minute ‘Small Business Week’ prompted the IRS to publish reminders for entrepreneurs and small businesses on how they can better estimate their tax situation and plan ahead.  There are some new credits available, and new guidelines as a result of the Tax Cuts and Jobs Act of 2017 that can help …

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How Business Owners Can Avoid Costly Mistakes

By K·Coe Editorial | February 25, 2019
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Reading Time: 3 minutes It’s inevitable. One day, you will step down from running your business. The timing and transition for when and to whom you relinquish control are often among the hardest decisions that a business owner will make. That’s precisely why more than 70% of business owners fail to put a strategic, …

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