Pass-through entities, including partnerships, S corporations, and LLCs, can benefit from many tax advantages due to their structure, but they also encounter distinct challenges. BDO’s 2024 Tax Strategist Survey, which polled senior tax executives about their most pressing concerns and plans for the year ahead,...
Please join us in welcoming Colleen Luzaj, who joined KRS as Controller in late 2024. In this role, she oversees all internal financial and accounting matters for the firm, including reporting to the partners. She also collaborates closely with the Managing Partner and HR on...
FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines....
All year long, employers withhold income tax from the paychecks of their employees. Each paycheck is distributed to you after your employer has taken out a portion of your paycheck to pay the IRS on your behalf....
Across industries, the last year has been challenging for U.S. companies. Uncertainty around the election, steep inflation, and high interest rates have introduced instability and financial pressures that have taken their toll on the business landscape....
Five predictions for the year ahead that will help manufacturers unlock opportunity....
Accounting manager Kelley Ann Eccles, CPA, advances to a partner position at KRS. She will continue to provide tax planning and preparation services to professional service firms, with a concentration in law firms, and lead the firm’s outsourced client accounting and bookkeeping department. She will...
The IRS is calling taxpayers' attention to the ominously named Coalition of Scam and Scheme Threats: "[A] coalition representing the Internal Revenue Service, state tax agencies, and the spectrum of the nation's tax industry today announced a new joint effort to combat the growth of...
At the end of December, the IRS announced standard mileage rates for 2025. Below are the deductions, if you are using an automobile for approved purposes:...
FinCEN has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the Corporate Transparency Act....
