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....
If you got married in June, in addition to thank-you notes, give some thought to the IRS to make filing your taxes easier:...
Do you outsource HR and IT but feel squeamish about letting someone else get too close to your numbers? You probably have a fluctuating need for a bookkeeper, an accountant, a controller and a chief financial officer. You could hire all these people, but outsourcing...
