The Financial Crimes Enforcement Network (FinCEN) amended the Beneficial Ownership Information (BOI reporting rule to extend the deadline for filing certain BOI reports. Excerpt from the regulation: • Companies created or registered in 2024 will now have 90 days after they’re formed, up from the previous 30...
The small business pages on IRS.gov serve as comprehensive guides for people looking to navigate the entire life cycle of their business as well as their business-related tax obligations....
Meet Jane Shushunov! Jane joined KRS on 11-6-23 as our newest Senior Staff Accountant and brings with her 6 years of accounting and tax-related experience....
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company. Penalties...
A SEP IRA offers employers and their employees a tax-friendly way to save for retirement. As it currently stands, with a traditional IRA you can contribute $6,500. However, with a SEP IRA you can place nearly 10 times that amount....
Additionally, trusts work on behalf of your beneficiaries in your absence. Not all trusts are the same, however....
