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. ...
Dec 23 Holiday Memories
From nostalgic memories of Rudolph sightings, to family gatherings big and small, to the careful selection of the “perfect” Christmas tree ― these are the stories of past and present traditions that the KRS team shares this holiday season. ...
Dec 12 Cyber-Attacks: Not IF but WHEN
The December KRS Insights Breakfast featured guest speaker Michelle Schaap, an attorney and cybersecurity expert with Chiesa Shahinian & Giantomasi, who spoke about how to protect your company from cyber-attacks. For those who missed the breakfast, this post shares some of Michelle’s eye-opening insights and...
Nov 22 How to Ruin a Like-Kind Exchange
I had a taxpayer call me about the sale of a rental property. Here's the big mistake he made that cost him big $$$ because it couldn't be structured as a 1031 exchange....
Nov 11 Is your small business prepared for the new employment tax filing deadline?
In an effort to combat fraud, the Protecting Americans from Tax Hikes (PATH) Act of 2015 was enacted. It revises the filing deadline for Form W-2 and certain types of Form 1099. Without proper planning, these revisions can cause some real stress for small businesses....
Oct 24 Tax Planning Strategies – Minimizing 2016 Individual Income Taxes
It is never too early to get a jump start on tax planning. Why not start now and minimize end of the year holiday stress? These four tax strategies could help reduce 2016 taxes....
Sep 30 What Drives SMBs’ Accounting Software Purchases?
SMB Accounting Trends Buyer Report – 2016 provides excellent insights into what business owners should look for when considering buying an accounting software system. Here's what you need to know from the report....
Sep 26 Set the Standard of Value in Shareholder and Partnership Agreements
Do the valuation provisions of your shareholder or partnership agreement specify a standard of value? If they do, is the standard of value “fair value”, “fair market value”, or something else? If the standard of value is not fair value or fair market...
Sep 12 Is Your Business Ready for 2017?
As we approach the end of the third quarter, it is time to review your 2016 budgets and projections and compare them to the actual operating results. Is the business ahead of or trailing the projections? What parts of the business performed well...
Sep 02 Cybersecurity Mistakes You Cannot Afford To Make
Cyber-attacks are on the rise and the attackers are becoming more sophisticated with their tactics. It is quite common to hear of so called “mega” breaches. Two recently publicized attacks came upon the Clinton campaign and the California voter databases. Attacks are coming from sophisticated...