Jun 25 Meet the Team: Candace Mapp
We’re pleased to welcome Candace Mapp, who joined KRS as an Administrative Assistant in February. In this role, she supports day-to-day operations and helps ensure things run smoothly behind the scenes....
Jun 12 Living or Working Abroad? Your 2024 Federal Tax Return is Due June 16
Who qualifies for the extended deadline? You get this two-month extension (from April 15 to June 16) automatically if either of these apply: You live and work outside the U.S. and Puerto Rico, or You’re serving in the military outside the U.S. and Puerto Rico. To use...
Jun 12 You’ve Been Warned: 5 Tax Scams and What to Do Next
Over the past several weeks, we’ve broken down some of the most common scams individuals are facing—many with big tax consequences. These schemes aren’t just about lost dollars. They’re about shaken trust, stolen time, and emotional stress most folks never saw coming. Here’s what we covered: ...
Jun 12 Is Your Financial Info Disaster-Ready?
Disaster Prep: IRS Reminds Taxpayers to Safeguard Financial Records The IRS is reminding individuals and businesses that disaster preparation should be part of your annual routine. With tax season behind us and storm season already in motion, June is a smart time to take stock of...
May 29 FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and Persons
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate...
May 29 Handling a Personal Tax Audit: A Guide to Staying Prepared
Facing an IRS audit can be stressful, but staying calm and organized is crucial. Begin by thoroughly examining your tax return, ideally with the help of the preparer or, if you filed independently, a qualified tax professional. The objective is to identify any red flags...
May 29 The Cascading Impact of ESG Reporting on Mid-sized Companies
Despite the rollback of some U.S. federal regulations and considerable political turbulence, the private sector continues to advance the integration of sustainability into their corporate strategies and reporting. In fact, our most recent CFO Sustainability Outlook Survey showed that 91 percent of organizations that are...
May 12 Is This Your Situation: Trying to Manage Seasonal Construction Budgets
Construction is a profitable industry, but there is one major challenge. If you're in an area that's blanketed with cold and snow in the winter, you may have significant periods of downtime for your business. Depending on where you live, you and your workers have...
May 12 Is This Your Situation: You’re Spending Too Much on Bookkeeping
Wondering what your options are to reduce spending and increase income? Here are some tips:...
May 12 Phishing Scams: The One Click That Opens the Door
So far in this series, we’ve talked about scams where people think they’re taking the right steps—protecting accounts or chasing investments—and get scammed in the process. This time, we’re covering a quieter setup with just as much damage: phishing scams....