Identity Theft: Stay Safe With Your Taxes

Identity theft is a challenge we all face — as individuals, businesses, organizations, and government agencies. The IRS says it's making progress against tax-related identity theft using an aggressive strategy of prevention, detection and victim assistance. In fact, the agency notes that this is one of its highest priorities.

The IRS, representatives of the software industry, tax preparation firms, payroll and tax financial product processors, as well as state tax administrators are joining together to combat identity theft. However, you shouldn't rely on them to protect your information. This article lists 10 steps you can take to keep your personal and business tax data safer.

KRS Welcomes New Staff Members

KRS CPAs welcomes a Senior Accountant, two Staff Accountants and two interns for the 2019 tax season!

KRS Acquires Bergen County-Based Accounting and Tax Practice

KRS CPAs is pleased to announce it has acquired the accounting and tax practice of Allan Lazaroff, who served clients in the New York/ New Jersey metropolitan area from his office in Tenafly, NJ.

“Allan’s practice is comprised of businesses and individuals who benefit from plain language accounting consultation and tax planning. He has developed long-time relationships with his clients as a result of his care and advice as trusted advisor. We hold the same core values in this regard and anticipate an easy transition,” commented Maria Rollins, CPA, MST, and KRS managing partner.

KRS CPAs Named Among the Top 101 Best & Brightest Companies to Work for in the Nation

We’re very happy to be among 2018’s top 101 Best and Brightest Companies to Work for in the Nation. The National Association for Business Resources (NABR) awards this honor each year to a select number of companies.

In 2018, over 2,400 companies from across the US were nominated for this award, and out of the 512 national award winning organizations, KRS was ranked in the top 20%. Criteria included compensation and benefits benchmarks, as well as work-life balance and employee engagement.

February KRS Insights Breakfast to Discuss NJ Paid Sick Leave Law

The KRS Insights Breakfast Series resumes on February 6 with a review and update of the newly effective New Jersey Paid Sick Leave Law.

Join us on February 6 as Mark F. Kluger, Partner, Kluger Healey, LLC provides an overview of the NJ Paid Sick Leave Law including new regulations that have been issued since the law was initially passed and what employers need to know to stay in compliance.

How to Handle Disagreements with the IRS

If you get stuck in a tax audit, you have several options once the IRS makes its decision regarding your return. One option is to appeal the decision. Almost all decisions made by IRS agents have appeal rights.

IRS appeals officers are independent of IRS examinations and collections divisions. They are charged with being fair and impartial while resolving taxpayer disputes with the IRS. They look at cases differently than an IRS auditor or collection agent would. Here's what you need to know if you decide to appeal an IRS audit decision.

KRS Participated in Jersey Cares Frosty’s Friends

Frosty’s Friends is organized by Jersey Cares and aims to spread holiday cheer to children in shelters or transitional housing facilities.

As a volunteer for Frosty's Friends, we had the opportunity to provide a child between the ages of 3-16 with what may be the only gift they receive for the holidays this year.

Rosi Ventura Joins KRS CPAs!

Rosi Ventura became a member of the KRS family in January of this year.

She is the receptionist and first point of contact at the firm. She also has been given more responsibilities from publications to assisting the controller.

Sean Faust joins KRS CPAs!

Sean Faust became a member of the KRS family in February as a Senior Accountant.

He assists clients in a variety of aspects, from preparing income tax returns for individual and businesses to consulting for clients on year-end tax planning strategies.