May 26 Celebrating KRS’ Recent Graduates
We are proud to recognize and celebrate the recent graduates within our Tax & Accounting team....
May 15 IRS Adds Online Help for Tax Debt Relief
The IRS has announced a new online tool designed to help taxpayers better understand and address tax debt....
May 15 W-2 Plus a Side Business: Simple Ways to Track Income and Expenses
In Part 1 of this series, we covered the traps that create tax stress: mixed spending, inconsistent income tracking, missed estimated taxes, and deductions without documentation. Now we share a simple system that works for most side businesses....
May 14 What You Need to Know About Business Recordkeeping
Selecting an effective recordkeeping system is essential because your business needs an accurate, organized view of every financial transaction. Most small-business owners rely on accounting journals and ledgers to track gross income, along with deductions and credits....
Oct 30 Could Your Child Be Liable for Taxes? Here’s What You Need to Know
It’s easy to assume that children don’t need to worry about taxes. However, if your child earns unearned income, like dividends or interest from investments, the IRS may require them to file a tax return. There are two primary scenarios that could make this necessary....
Oct 30 IRS Warns of Social Media Tax Credit Schemes
The IRS reports a rise in fraudulent refund claims tied to social media advice. Posts are pushing credits that many taxpayers do not qualify for, such as the Fuel Tax Credit or the Sick and Family Leave Credit. Since 2022, the agency has imposed more...
Oct 30 IRS Announces 2026 Tax Inflation Adjustments
The IRS has released its inflation adjustments for tax year 2026, covering more than 60 provisions. These changes reflect updates from the One, Big, Beautiful Bill (OBBB) and will apply to returns filed in 2027. Here's what stands out:...
Jul 10 How Does Your Credit Score Stack Up?
Your three-digit FICO credit score is a key number. Lenders of all types, including those offering mortgage, auto, student, and personal loans, rely on your credit score to determine if you qualify for loans and at what interest rate....
Jul 10 Independent Contractor or Employee?
Before you can determine whether an individual providing services should be treated as an employee or an independent contractor, you must consider all the relevant facts regarding the degree of control you have over the worker and the amount of independence the worker has....
Aug 07 Meet the Team: Ruth Ithau
Ruth Ithau joined KRS as a Staff Accountant in June 2025, after serving as an Administrative Intern earlier in the year. Her role now includes preparing and filing tax returns, recording client data through journal entries, and reconciling bank statements....