Jan 10 KRS CPAs Named Among the Top 101 Best & Brightest Companies to Work for in the Nation for a Third Year!
Encore! We're once again honored to be named one of the 101 Best and Brightest Companies to Work For in the Nation!...
Jan 10 Unlock Savings With State and Local Tax Credits and Incentives
State and local tax (SALT) credits and incentives programs continue to be underutilized. Despite the substantial value they can add for businesses, BDO’s 2024 CFO Outlook Survey found that just 34% of CFOs plan to optimize costs by claiming tax credits in the next 12...
Jan 10 Navigating Tax and Finance Decisions When Onboarding Freelancers or Employees
Choosing to onboard a freelancer, also known as an independent contractor, can significantly impact your business's financial landscape. Unlike employees, freelancers are responsible for their own tax obligations. This means you are not required to withhold federal taxes, state income taxes, Social Security, or Medicare...
Jan 10 Due Diligence for Law Firm Mergers
The reasons firms merge vary, but they include such objectives as increasing size or geographic reach, acquiring or expanding a specialty practice, and succession planning....
Jan 10 Is Your Side Hustle a Hobby or a Business?
With the rise of the gig economy, a lot of people have opted to turn their hobbies into profitable ventures. In turn, the lines are blurring between hobbies and small businesses, provoking many people to wonder what it means for their taxes. So, what is...
Jan 10 What’s the Story on Nonprofit and Tax-Exempt Entities?
Have you ever wondered how you’re supposed to determine whether your organization is eligible for exemption from federal income tax? The possibility of being tax-exempt is permitted under section 501(a) of the Internal Revenue Code....
Apr 19 How to Get Employee Info Correct
If you know in advance what common errors employers make with W-2s, maybe you can avoid those mistakes next year....
Feb 26 What To Know About Business Tax Records
Your record keeping system should include a summary of every transaction that takes place in your business' name. Make sure you maintain and update a summary of all business transactions....