Dec 02 Imputed Income: What You Need to Know
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Nov 14 The Evolving Role of the CFO
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Oct 03 Navigating Tax and Finance Decisions When Onboarding Freelancers or Employees
The Treasury Department updated its frequently asked questions on July 8, 2024. The big news: if the plan was to dissolve the company before 2025, you must register! ...
Sep 09 KRS Career Fairs
We Are Hiring. Visit us at an upcoming career fair. Ready to join one of the best places to work in NJ? We're seeking highly motivated, detail-oriented staff accountants and other professionals to join our award-winning team. Winner of numerous Best Places to Work Awards, KRS provides...
Jun 26 A Winning Streak: Maria Rollins Named to NJBIZ Accounting Power 50
For a third time in a row, KRS managing partner Maria Rollins, CPA, MST, has been named to the Accounting Power 50 list. Rollins understands the daily challenges businesses face and ensures the KRS team gets the training and resources they need to help clients...
Jan 15 3 Reasons To Pay Above the Minimum Wage
Enacted in 1938, the Fair Labor Standards Act governs the federal minimum wage, among other things. Last increased in 2009, the federal minimum wage stands at $7.25 per hour. Many states and some localities have their own minimum wage laws that set the minimum higher...
Jan 03 How Do Taxes Work With Bonuses?
Both owners and employees often misunderstand how taxes work with bonuses, leading to confusion and frustration. Fortunately, with some education and preparation, the situation can work out for everyone....
Jun 16 The Tax Implications of Closing a Business
The decision to close a business's doors for good is never an easy one. However, it's important to keep abreast of compliance requirements before you say goodbye. That's why you should take time to visit the closing a business page of IRS.gov. It's designed to help you...
May 06 Special Tax Rules for Rehiring Staff
If you find yourself short-staffed, there's no harm in calling a former employee who has retired. You won't jeopardize your pension plan's tax status if you rehire retirees. Nor is it a problem if you permit distributions of retirement benefits to employees who hit the...