Dec 28 Clean Cars and Your Tax Bill
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....
Dec 14 KRS CPAs, LLC Moved!
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...
Aug 24 Solar Panels: Tax Breaks and More
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. ...
Apr 28 Lance Aligo Discusses PPP Loan Forgiveness on Popular Regional Business Podcast
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....
Dec 03 Estate and Gift Tax Update: No Clawback After Increased Transfer Limit Expires
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...
Mar 14 2018 Pension Plan Limitations Not Affected by Tax Cuts and Jobs Act
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...
Feb 13 New Rules for Deducting Business Meals and Entertainment Under Tax Reform
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...
Feb 02 Key Features of the Proposed Trump Tax Plan
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....
Jan 06 Stories of past and present traditions that the KRS team shares this holiday season
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.
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