The freelance workforce in the U.S. is growing rapidly. In 2017, 57.3 million Americans freelanced. That number climbed to 73.3 million by 2023, and projections from Statista estimate it will reach 90.1 million by 2028, representing a more than 40% jump in just over a...
Facing a business audit can be stressful, but it’s important to stay calm and understand why it might be happening. Audits can occur randomly, but they’re often triggered by red flags in tax filings, such as high expense claims, incorrectly classified workers, or unusual deductions....
The One Big Beautiful Bill was passed into law on July 4. As with most tax legislation, this bill has an impact on both businesses and individuals. Here are some of the key provisions that will affect businesses. In our next newsletter, we’ll cover the...
We’re excited to welcome Jennifer Fanelli to KRS as a Senior Accountant. Jennifer joined the firm on July 1 and supports audit and assurance services for clients needing audits, compilations, or reviews. She’s also involved in tax work and steps in wherever needed to support...
Sales tax is a consumption-based tax applied to the sale of goods and services, but its structure is anything but uniform across the United States. With varying rates, rules, and exemptions depending on the jurisdiction, navigating sales tax obligations can be a complex but necessary...
The IRS shared some helpful reminders recently, and we’ve summarized them here so you can act now to make next tax season smoother....
At KRS CPAs, our team-first mindset shows up in the way we work, the way we support each other, and how we treat our clients. If you’re someone who values work-life balance, productivity, and a real shot at growth, we’d like to talk to you. We’re...
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....
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....
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....
