Tracking progress and evaluating different aspects of your company’s performance is essential to ensuring your business is on the right path. Not only does this help you stay aligned with your strategic vision, but it also allows you to make informed adjustments to secure long-term...
A Roth IRA conversion involves transferring assets from a traditional IRA to a Roth IRA, and while it may be a smart move for some, it’s important to understand the implications and benefits before proceeding....
If you’ve ever picked up the phone and heard someone say they’re calling from your bank’s “fraud department,” you’re not alone. This month, we’re breaking down a scam that’s becoming far too common—the compromised account scam....
There are many benefits to being your own boss, but the first step in starting a new business is picking the right entity in which to operate that business. As discussed below, there are many types of structures available for a new business, and the...
As you plan for potential tax policy changes under the new presidential administration, take the opportunity to identify and mitigate tax risk issues. According to the 2024 BDO Tax Strategist Survey, only 40% of respondents had implemented a tax risk mitigation and response strategy, which...
The IRS's annual "Dirty Dozen" memo lists 12 scams you should watch out for. This education effort wants to protect you from tax traps like identity theft or being misled into claiming tax credits you're not entitled to....
Many taxpayers are curious about whether gifting cash, property, or assets triggers any tax obligations. The answer is generally no; however, there are certain limits and exceptions to consider....
Say hello to Brandon Bonkowski, a Staff Accountant at KRS. He works across several areas, including tax, audit, client accounting services, and sales tax. ...
In a business world marked by uncertainty, month-end and year-end accounting challenges have remained a constant. The resolution of the recent political season and the Federal Reserve’s lowering of interest rates may have given organizations an overall renewed sense of optimism and the momentum to...
We’re excited to introduce Valentina Dautaj, who joined KRS as an Administrative Assistant in November 2024. In this role, she assists in keeping the firm running smoothly by handling phone communications and client documents, processing returns, ordering supplies, and organizing events....
