Nov 17 IRS Tools and Resources To Help Small Businesses
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....
Nov 17 KRS Welcomes Jane Shushunov!
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....
Nov 06 What Is a SEP IRA?
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....
Nov 06 What Are the Different Kinds of Trusts?
Additionally, trusts work on behalf of your beneficiaries in your absence. Not all trusts are the same, however....
Oct 23 What’s Up With Student Loans?
The government paused student loan repayments during the COVID-19 crisis — but it has declared that over and wants repayments to start....
Oct 23 Your Jack-O’-Lantern Is Taxable
Decorative and carving pumpkins and other decorative gourds whether sold in NY at supermarkets, farm stands, nurseries, or other businesses, are not sold as food, and constitute tangible personal property subject to sales tax under section 1105(a) of the Tax Law....
Oct 05 KRS CPAs Named Among 2023 NJBIZ Best Places to Work
For the 12th year, we have received the NJBIZ Best Places to Work in New Jersey Award for companies with 15-49 employees. The program had an unprecedented number of companies complete the process this year, so we are even more thrilled to have won again....
Oct 05 QCDs: Tax-Free Gifts to Charity
IRA owners who are aged 70-1/2 and older can transfer up to $100,000 tax-free to one or more charities each year through QCDs. This provides a way for eligible older Americans to donate to charity before the end of the year....
Oct 05 The Problems with Incomplete and Disorganized Records
An unorganized and inefficient payroll process is a recipe for eventual disaster. If you rely on paper processes, both manual data entries and a massive number of spreadsheets can yield more errors than most people realize....
Sep 20 What Doesn’t Your Credit Score Take Into Account?
FICO credit scores range from 300 to 850, with most lenders considering a score of 800 or higher to be excellent. The most important factor in determining your credit score is your payment history....