State and local tax (SALT) credits and incentives programs continue to be underutilized. Despite the substantial value they can add for businesses, BDO’s 2024 CFO Outlook Survey found that just 34% of CFOs plan to optimize costs by claiming tax credits in the next 12...
Meet Patricia Fordham, one of the newest bookkeepers here at KRS! Since joining the team in June 2024, Pat has been responsible for reconciling bank and credit card accounts, managing sales taxes, and ensuring bills are paid promptly for our clients. She brings a unique blend...
Choosing to onboard a freelancer, also known as an independent contractor, can significantly impact your business's financial landscape. Unlike employees, freelancers are responsible for their own tax obligations. This means you are not required to withhold federal taxes, state income taxes, Social Security, or Medicare...
On June 28, New Jersey enacted a corporate transit fee, a 2.5% tax on some corporation business tax (CBT) payers that have New Jersey allocated taxable net income in excess of $10 million.[1] The fee is effective for privilege periods beginning on and after January...
Please join us in extending a warm welcome to Nancy Forbes, who joined us in August. Nancy is our new executive administrative assistant, supporting partner Jerry Shanker and other members of the KRS team....
We Are Hiring. Visit us at an upcoming career fair....
I’m currently a senior accountant at KRS CPAs, where I focus primarily on Audits, Reviews, and Compilations. I also lend a hand with Tax work. I joined the firm on August 12, 2024, and I’m excited to be part of such a dynamic team....
I graduated with a BS degree in accounting from Rider University and a Masters of Business Administration from Phoenix University. I worked for over 30 years in various New Jersey and New York accounting firm. Prior to joining KRS, I worked at a national accounting...
Are you worried about the likelihood of your business being audited by the IRS? If so, there are a lot of preventive red flags that you can keep an eye out for when looking to protect your business from being the focus of an audit....
It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025....
