Feb 19 2025 Predictions: Manufacturing Industry Trends to Know
Five predictions for the year ahead that will help manufacturers unlock opportunity....
Feb 10 Kelley Ann Eccles, CPA, Promoted to Partner at KRS CPAs, Paramus, NJ
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...
Feb 06 The IRS Has Your Back on Fraud
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...
Feb 06 IRS Announces Mileage Change For 2025
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:...
Feb 06 Fraud Alert: FinCEN Reports on BOI Scams
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....
May 29 Important BOI Update
In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to...
Jan 23 Is This Your Situation: Deciding Between a Compilation and a Review
Even a successful and growing small business may be asked for an audited financial statement by a banker, investor, creditor, or buyer. These third parties often want some assurance that the financial statements provided by your business are reasonably accurate and free of any major...
Jan 23 Tax Benefits for Homeowners
What tax deductions, programs, and housing allowances are available to you as a homeowner? Let's explore a few options that the IRS makes available....
Jan 23 Top Benefits of Hiring Outsourced Accounting Services
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...