Dec 05 Allocating Between Land and Building when Acquiring Rental Real Estate
How purchase value is divided up between land and buildings impacts the depreciation tax benefits you get as a real estate owner. Here's what you need to know....
Jun 05 Are Club Dues a Deductible Business Expense?
A question I am often asked by my clients is whether they can deduct the dues for clubs at which they entertain customers or that otherwise may be relevant to their business. Here's what you need to know before you pull out your golf clubs....
May 11 KRS Business Insights Breakfast: Results Z to A
The June KRS Insights Breakfast featured Jean Oursler, who is a speaker, author, and one of the country’s top business consultants. Jean shared with us the RESULTS Formula, which is a new way of thinking about goal setting and growing a business. For those who missed...
Apr 05 Resources for Growing Your NJ Food Business
At KRS, we work with many food startups, as well as established companies in food manufacturing, wholesale and distribution, brokerage, and transportation and logistics. We know how important it is to have the resources you need to grow your business, so we’ve put together this...
Mar 20 Is Your Accountant More than Your Trusted Advisor?
Managing partner Maria Rollins was a guest on the Accounting Success podcast, speaking on the topic, “How Successful Accountants Serve Their Clients.” In this session excerpt, host Ian Welham and Maria discuss what it means as a CPA to be more than a trusted advisor....
Feb 17 People: The First Decision Every Growth Company Must Get Right
The February KRS Insights Breakfast featured guest speaker Mike Goldman, President of Performance Breakthrough, who works with leadership teams to ensure they have the right people, strategies and execution habits for growth. For those who missed the breakfast, we wanted to share some of Mike’s...
Nov 22 Consider Converting to an S Corporation to Avoid Taxes
If you have a closely held corporation that is set up as a C corporations, you need to consider electing to be taxed as an S corporation, where there is only one level of taxation. This post reviews S corporation eligibility requirements and points out...
Feb 02 Key Features of the Proposed Trump Tax Plan
President Trump has proposed a detailed tax plan that will revise and update both the individual and corporate tax codes. Here are some of the key plan elements that could affect individuals and small business owners, if enacted into law....
Jan 23 2017 NJ Tax Changes Business Owners Need to Know
In my last post I reported on key federal tax changes that small business owners need to know about. This post covers three significant tax changes in New Jersey: the sales tax decrease, Urban Enterprise Zone expirations, and estate tax changes....
Jan 06 2017 Federal Tax Changes Business Owners Need to Know
Tax season is upon us, and with it comes a variety of changes that business owners need to know about. This post shares an overview of some of the most important changes. ...