Please join us in welcoming Colleen Luzaj, who joined KRS as Controller in late 2024. In this role, she oversees all internal financial and accounting matters for the firm, including reporting to the partners. She also collaborates closely with the Managing Partner and HR on...
Accounting manager Kelley Ann Eccles, CPA, advances to a partner position at KRS. She will continue to provide tax planning and preparation services to professional service firms, with a concentration in law firms, and lead the firm’s outsourced client accounting and bookkeeping department. She will...
Per the Internal Revenue Service (IRS), fringe benefits are taxable and must be counted in the recipient's gross wages, unless the item is specifically excluded by law....
In recent years, businesses have faced unprecedented disruption, and one of the most significant shifts has been the changing role of the Chief Financial Officer (CFO). Traditionally seen as the gatekeeper of financial strategy and bottom-line performance, the CFO’s responsibilities have evolved significantly, especially in...
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...
We Are Hiring. Visit us at an upcoming career fair....
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...
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...
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....
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...
