Disaster Prep: IRS Reminds Taxpayers to Safeguard Financial Records The IRS is reminding individuals and businesses that disaster preparation should be part of your annual routine. With tax season behind us and storm season already in motion, June is a smart time to take stock of...
Construction is a profitable industry, but there is one major challenge. If you're in an area that's blanketed with cold and snow in the winter, you may have significant periods of downtime for your business. Depending on where you live, you and your workers have...
Wondering what your options are to reduce spending and increase income? Here are some tips:...
If you think bookkeeping is just data entry and balancing checkbooks, think again. A full charge bookkeeper handles much more—and at KRS CPAs, this role is central to how we help clients stay sharp, organized, and ready for whatever comes next....
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...
Payroll is a vital function for any organization, encompassing various tasks such as calculating wages, tracking work hours, managing employee benefits, deducting taxes, and ensuring compliance with federal, state, and local regulations. Proper payroll management helps streamline business operations and maintain financial transparency....
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...
Working capital is a key financial concept for business owners when evaluating the overall health of operations. It reveals a snapshot of the company’s short-term liquidity position. In addition to having enough working capital to pay bills for a year, staffing companies have some unique...
Accounting for the growing cannabis industry is unique. Business owners must comply with strict state and federal regulations to avoid substantial penalties or even the risk of losing their business.
The potential for large cash transactions and banking restrictions common in the industry further emphasize the...
In an effort to combat fraud, the Protecting Americans from Tax Hikes (PATH) Act of 2015 was enacted. It revises the filing deadline for Form W-2 and certain types of Form 1099. Without proper planning, these revisions can cause some real stress for small businesses....
