Nov 04 Adoption Tax Credit: Right for You?
Adopting a child can be both complicated and expensive, costing upwards of $40,000. However, with the help of the government, you can obtain an adoption tax credit that was worth $14,400 in 2021....
Nov 03 The Tax Implications of Your Business Reputation
These case studies illustrate how the IRS uses the "origins of the claim" test to determine if business expenses can be deducted....
Oct 20 Meet Darius Adair!
We are excited to introduce Darius Adair who has recently joined our KRS team as a Senior Accountant. Darius is a Certified Public Accountant who brings with him over 20 years of previous tax and accounting experience to his new position....
Oct 20 Meet Michelle Calabrese!
We are pleased to announce that Michelle Calabrese has recently joined KRS CPAs as a Supervising Senior Accountant. In her new role at KRS, Michelle will be responsible for assisting our clients with their individual and business tax compliance needs....
Oct 06 White Flags: Signals of Market Capitulation
Modern equities investors follow their own market signals for capitulation, which describes the final gasp during the stampede to the exits when the pain of a bear market has become unbearable. Analysts have assembled a collection of signals that often, though not always, reveal that...
Oct 06 New Administrative Assistant – Kristiana Repantis
KRS welcomes our new administrative assistant Kristiana Repantis. She will support the team by running the front desk!...
Sep 23 Employee Retention Credit: Over but Not Done
The federal government's Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as noted in an extensive IRS chart. Not all owners may have been able to figure out whether they were...
Sep 23 Student Loan Relief: The Basics
President Biden has announced a new student loan relief program. According to the White House, the new program will "provide targeted debt relief to address the financial harms of the pandemic, fulfilling the President's campaign commitment....
Sep 13 KRS CPAs Again Recognized by Accounting Today for Culture, Flexibility, Competitive Pay for Employees
KRS CPAs was named as one of the Accounting Today’s 2022 Best Accounting Firms to Work for in the Small Employer Category. This marks the eighth time the Paramus-based firm has received this prominent award....
Sep 08 Home Office Deductions: More Complex Than They Seem
It's not always easy to figure out which home office write-offs are acceptable and which are not approved by the IRS. Below is a summary of the key provisions to give you a better idea of what you are able to deduct with the IRS....