We’re excited to share that KRS CPAs has once again earned a spot on two major workplace recognition lists: the 2025 Best Places to Work in New Jersey and the Best & Brightest Companies to Work For in the Nation....
One of the financial benefits of owning a home is that you may qualify to deduct the interest you pay on your mortgage loan each year on your federal income taxes, something that can reduce your tax bill....
When a new employee begins working for you, one of the first forms they must complete is Form W-4, Employee’s Withholding Certificate. (You can find versions of the form in several languages here.) This document allows employees to provide information such as their filing status,...
Learn how to retire gradually from your business with a clear plan, smart exit strategies, and a smooth transition that protects your legacy and finances....
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....
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...
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:...
If you work from home, you might be eligible to claim a home office deduction. This can help reduce your taxable income by allowing you to write off certain home expenses related to your business use. Here’s what you need to know to determine if...
Saving for retirement doesn’t have to be overwhelming. One good place to start—or revisit—is with an individual retirement account (IRA). These accounts offer tax benefits that can make saving more manageable over time....
State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules, aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies operating across multiple U.S. states face an increasingly complex state tax compliance landscape. What was once a manageable state filing...
