At the end of every year, most businesses go through the process of filling out a Form W-2 for each employee, which can make for a very stressful time. The pressure of knowing that even the smallest of mistakes can result in costly consequences can...
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...
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...
You may qualify for a credit of up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in or fuel cell electric vehicle....
We are delighted to inform you that we have moved! Please update your records with our new suite address: KRS CPAs, LLC 80 Route 4 East, Suite 170 Paramus, NJ 07652 PHONE: 201-655-7411 E-MAIL: info@krscpas.com www.krscpas.com...
Solar panels have become more popular than ever among homeowners. With more affordable installation and material costs, many people are installing solar panels on their homes. ...
Tune in and listen to KRS manager Lance Aligo, CPA, on the Strategies & Ideas for Business podcast as he discusses where things stand now with Paycheck Protection Plan loan forgiveness....
On November 25, 2018, the IRS issued proposed regulations, which indicate that gifts made before January 1, 2026, will not be clawed back to the estates of decedents dying after December 31, 2025. The issuance of these proposed regulations strengthens a tremendous opportunity for the...
The Internal Revenue Service announced that the Tax Cuts and Jobs Act of 2017 does not affect the tax year 2018 dollar limitations for retirement plans announced in IR 2017-177 and detailed in Notice 2017-64. This is good news for individuals contributing to their qualified...
Prior to the Tax Cuts and Job Acts, a business owner generally could deduct 50% of business related meals and entertainment expenses. Meals provided to an employee on the business premises for the convenience of the employer were generally 100% deductible. The new tax law...
