Jan 06 Alimony and Taxes in the Post-TCJA World
In divorces, alimony payments often are substantial and have been locked into tax deductions for the payer — but that was before the Tax Cuts & Jobs Act passed....
Jan 06 IRS announced 401(k) limit increases to $20,500
On November 4th, 2021, the Internal Revenue Service announced 401(k) contributions for individuals have been increased to $20,500. For tax years 2020 and 2021, the maximum was contribution was limited to $19,500. The IRS also issued technical guidance regarding cost of living adjustments affecting dollar...
Jan 27 Tax Items To Check as the Year Winds Up
It's been a very busy year at the IRS, with many special tax changes. This article reviews top issues to discuss with your tax preparer before tax prep time....
Jan 06 2021 Tax Tips: A Look at the Future
The end of the year always means the possibility of last-minute tax changes, and this year, that's especially true. Some of the new legislation may mean major changes starting in the new year, but other proposed bills, such as new capital gains and qualified dividend...
Jan 06 New Jersey Small Business Lease Grant Program
NJEDA opens applications for its Small Business Lease Grant Program on Oct. 20, 2021. $10 million pilot program to help revitalize downtowns and Main Streets....
Jan 06 Meet the Newest Member of KRS!
Please meet Antoinette Borkowski! She joined our team on September 8, 2021. “As a tax manager, I will be preparing and reviewing various types of tax returns and training our staff. I look forward to working with clients and assisting them with their business...
Jan 06 Managing Your Business and Staff After the Pandemic
The pandemic foisted changes on society that reset the context for your company, its employees and professionals, but just because the crisis is over doesn't mean you shouldn't incorporate the changes you made into your future strategy. In responding to COVID-19, you publicly and unambiguously...
Jan 06 IRS Provides Tax Relief to Hurricane Ida Victims in NJ, NY
The IRS has extended deadlines for certain taxpayers affected by Hurricane Ida to file individual and business tax returns and make tax payments. The IRS, New Jersey and New York are offering tax relief to areas designated as disaster areas by the Federal Emergency Management...