List of expenses that are deductible for businesses

If you own a business, it is important to know what expenses can be deducted against your income to minimize the income tax you pay. This is a list of the most common allowable items. All expenditures must be supported by a receipt and proof of payments. These apply only to businesses and not to[…]

Does Your Entity Structure Best Fit the New Tax Law?

Published in the Expert’s Corner of Las Vegas Business Press The new tax legislation, The Tax Cuts and Jobs Act, drops the corporate tax rate to 21 percent and offers a 20 percent deduction (with some limitations) for owners of pass-through entities. Now is the time to reevaluate your entity structure to insure that, based[…]

End of the year giving to Vegas PBS

This has been an exciting year at Vegas PBS with the release of The Vietnam Series by Ken Bruns and Lynn Novick.  Vegas PBS Honored our local Vietnam veterans with a welcome home medallion at the Nellis and Creech Veterans Appreciation Day Event and a welcome home event in Anthem.  Vegas PBS also produced Stories[…]

We Can’t Be Afraid of Diving into Marijuana

The learning curve is steep, but can be worthwhile. By Liz Gold Kim Walker came into the cannabis industry by what she describes as happenstance. Walker, who has 35 years of public accounting experience and runs her own small practice in Las Vegas, said it was her wealthiest business clients who brought her into this[…]

Now Is The Time to Plan for Tax Time

Published in the Expert’s Corner of the Las Vegas Business Press by Kim Walker I believe that most certified public accountants expected comprehensive tax reform legislation sometime in 2017. Here we are at the end of the summer with not much hope in sight. We may possibly have a tax rate reduction but this might[…]

Proactively Prepare your Business for the Changing Economies

It’s important to proactively prepare for the shifting winds of the domestic and global economies.  How are you preparing your business? Kim Walker CPA and our services can help your business be more prepared.  View the video below to learn the benefits of utilizing a CPA and making your business CPA powered.   If you[…]

How to Prevent an Unfavorable Tax Audit

Published in CREW Las Vegas Newsletter Q1 by Kim Walker Without extenuating circumstances, your chance of being audited by the IRS is less than 2%. However, if you are audited, you will went to have all of your supporting paperwork in order to prevent an additional tax assessment. The areas of risk are not going to[…]

10 things your CPA does not want to hear

Published in the Expert’s Corner of the Las Vegas Business Press by Kim Walker Tax season can be daunting for certified public accountants (CPA). The hours are grueling, the work is often tedious and the demands for perfection can be stressful. With almost 40 years of public accounting under my belt, it’s not uncommon for[…]

Kim was profiled in the Las Vegas Business Press’ Inside the C-Suite

Inside the C-Suite Kim Walker — Principal, Kim Walker CPA SPECIAL TO LAS VEGAS BUSINESS PRESS Posted February 13, 12017 Q: What are you reading? A: Currently, I am reading “The War of Art” by Steven Pressfield. It was written to assist artists in breaking through a creative block; however, the lessons perfectly apply to[…]