Have you ever wondered how you’re supposed to determine whether your organization is eligible for exemption from federal income tax? The possibility of being tax-exempt is permitted under section 501(a) of the Internal Revenue Code....
When it comes to recordkeeping, manufacturing companies have a lot to contend with, such as accounting rules, making claims, tracking expenses for tax deductions, and maintaining viable employee records....
As a good rule of thumb, select a payroll process that doesn't require an advanced degree to implement. Refer to your provider and determine whether there is a self-service employee portal. That way, it's simple to view all paystubs and end-of-year tax forms when the...
Your record keeping system should include a summary of every transaction that takes place in your business' name. Make sure you maintain and update a summary of all business transactions....
Here at KRS, we are more than grateful to welcome our 2024 interns! We onboarded 3 new interns - take a moment to learn more about them!...
How do you handle your taxes as a couple navigating separation and divorce? We're going to explore the answers to these questions here....
At the end of every year, your employer will send you a document called Form W-2, Wage and Tax Statement. Within this document, you will see the amount of money you were paid in wages as well as the amount of money that was withheld...
In a recent announcement, the IRS is reminding would-be entrepreneurs of the importance of understanding the tax implications of setting up their own businesses. To start with, you have to choose a form for your business. Your choice has a lot of implications for taxation...
KRS CPAs, LLC. will be CLOSED Monday, January 1, 2024 in observance of New Year's Day. We will REOPEN Tuesday, January 2, 2024 from 8:30 am to 5:00 pm....
No need to worry right away, because as technology dictates workplace functions on new terms, we will still rely on the unique soft skills only humans can provide. Workers will continue to play an indispensable role in creating and cementing links among their teams, management,...
