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...
Clients often contact me to discuss the tax consequences of selling their primary residence. This post clarifies some of the misconceptions about these sales....
President Trump has proposed a detailed tax plan that will revise and update both the individual and corporate tax codes. Here are some of the key plan elements that could affect individuals and small business owners, if enacted into law....
From nostalgic memories of Rudolph sightings, to family gatherings big and small, to the careful selection of the “perfect” Christmas tree ― these are the stories of past and present traditions that the KRS team shares this holiday season.
Read on for anecdotes of cherished customs celebrated by your favorite KRS staffers in locations near and far, ranging from Macy’s in Herald Square, to the New Jersey suburbs, to the hills of Greece.
