Leadership transitions are an inevitable phase in the life of a family-run company. While daily strategy and operations often command attention, integrating estate planning into your long-term approach is essential to ensure continuity, preserve value, and minimize disruption when ownership changes occur. Early decisions about...
Tax season wrapped up on a strong and encouraging note at KRS CPAs. Our interns were a key part of this season, so we were happy they shared feedback about their experience....
In the first article, we focused on the obvious pain: tax season stress, playing catch-up, and reports you don’t trust. In the second, we covered the root causes: mixed spending, messy categories, and using the bank balance as a proxy for performance. Now, let’s talk...
In the second half of 2024, email-based phishing attacks climbed by more than 200%, driven largely by link‑based campaigns that frequently exploited unpatched vulnerabilities. Security reports indicated roughly four phishing attempts per user each week during peak periods, and about 80% of detected links were...
Last time, we covered the obvious warning signs: tax season was disorganized, you were always playing catch-up, and you could not trust your reports. Now let’s talk about behind-the-scenes problems. These are the issues that make bookkeeping harder than it needs to be, even when...
The IRS has updated its Tax Withholding Estimator to reflect recent tax law changes under the One, Big, Beautiful Bill. For taxpayers who want a better sense of what they may owe next year, this update gives them a more current way to review withholding...
Each year, parents can claim a child tax credit for each of their children who is under 17. This is a valuable credit, worth up to $2,200 for each child 16 years old or younger for the 2025 tax year. If you have a 15-year-old...
