Accounting manager Kelley Ann Eccles, CPA, advances to a partner position at KRS. She will continue to provide tax planning and preparation services to professional service firms, with a concentration in law firms, and lead the firm’s outsourced client accounting and bookkeeping department. She will...
The IRS is calling taxpayers' attention to the ominously named Coalition of Scam and Scheme Threats: "[A] coalition representing the Internal Revenue Service, state tax agencies, and the spectrum of the nation's tax industry today announced a new joint effort to combat the growth of...
At the end of December, the IRS announced standard mileage rates for 2025. Below are the deductions, if you are using an automobile for approved purposes:...
FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act....
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to...
Even a successful and growing small business may be asked for an audited financial statement by a banker, investor, creditor, or buyer. These third parties often want some assurance that the financial statements provided by your business are reasonably accurate and free of any major...
What tax deductions, programs, and housing allowances are available to you as a homeowner? Let's explore a few options that the IRS makes available....
Do you outsource HR and IT but feel squeamish about letting someone else get too close to your numbers? You probably have a fluctuating need for a bookkeeper, an accountant, a controller, and a chief financial officer. You could hire all these people, but outsourcing...
In many ways, Form W-2 is simple and straightforward: You enter information that is already available from payroll and personnel records. You then use your employer identification number and, in most cases, a state ID number to complete most of the form. The main challenge comes...
