info@krscpas.com   |   201.655.7411
Pandemic Recovery Updates   |   Contact   |   Client Portal   |   Secure Payments
Logo Logo Logo Logo Logo
  • About Us
    • Partners
    • Staff
    • Grow Your Career at KRS
    • Testimonials
  • Industries
    • E-Commerce
    • Closely-Held Businesses
    • Home Health Care
    • International Businesses
    • Law Firms & Professional Services
    • Private Client Advisory
    • Real Estate
    • Staffing Companies
    • Start-ups
  • Services
    • Client Accounting Services
    • Assurance
    • Business Tax Services
    • Business Valuation & Litigation Support
    • Consulting & Advisory
    • Estate Planning & Administration
    • Individual Tax Services
  • Resources
    • News & Events
    • Pandemic Recovery Updates
  • Contact
  • About Us
    • Partners
    • Staff
    • Grow Your Career at KRS
    • Testimonials
  • Industries
    • E-Commerce
    • Closely-Held Businesses
    • Home Health Care
    • International Businesses
    • Law Firms & Professional Services
    • Private Client Advisory
    • Real Estate
    • Staffing Companies
    • Start-ups
  • Services
    • Client Accounting Services
    • Assurance
    • Business Tax Services
    • Business Valuation & Litigation Support
    • Consulting & Advisory
    • Estate Planning & Administration
    • Individual Tax Services
  • Resources
    • News & Events
    • Pandemic Recovery Updates
  • Contact

Feb 11 IRS Clarifies Deductible Expenses

Posted at 9:54am in Get Balanced: Bookkeeping Made Easier
Share

Updated IRS rules offer guidance for deductible expenses which may have been murky as a result of the Tax Cuts and Jobs Act.

The rules being updated involve using optional standard mileage rates when figuring the deductible costs of operating an automobile for business, charitable, medical...

Read More

Jan 29 What To Know About Getting a Tax Refund

Posted at 11:37am in Get Balanced: Bookkeeping Made Easier
Share

When should you revise your tax withholding? If you receive a large refund from the IRS when filing your income tax return, or owe the IRS a substantial amount when filing, you should consider adjusting your withholding....

Read More

Jan 15 Form W-4: What Changed and Why it Matters

Posted at 12:26pm in Get Balanced: Bookkeeping Made Easier
Share

Form W-4 used to be a relatively simple and straightforward form to complete. However, the form has been changed as a result of the passing of the TCJA back in late 2017. This post walks you through how to complete your W-4 accurately for the...

Read More

Dec 27 Determining Basis of a Principal Residence

Posted at 8:55am in Get Real: Real Estate Life Cycle Insights
Share

If you're selling your home, understanding the concept of 'basis' can help save taxes. You are probably aware you may be able to claim itemized deductions on your income tax return for real estate taxes and home mortgage interest. Most other home ownership costs are...

Read More

Dec 19 Adjusting Your Income Tax Withholding

Posted at 11:07am in Get Balanced: Bookkeeping Made Easier
Share

When should you revise your tax withholding? If you receive a large refund from the IRS when filing your income tax return, or owe the IRS a substantial amount when filing, you should consider adjusting your withholding....

Read More

Dec 10 What to Know About the Qualified Business Income Deduction

Posted at 10:31am in Get Balanced: Bookkeeping Made Easier
Share

If you're an entrepreneur and you've heard other business owners talking about the qualified business income deduction (also called Section 199A), you're probably asking yourself, “Should I incorporate to help save on taxes?” and “What entity should I select?” This post discusses the factors you need...

Read More

Oct 22 How to Decode Box 1 of Form W-2

Posted at 10:09am in Get Balanced: Bookkeeping Made Easier
Share

Box 1 of Form W-2 shows the employee's total compensation that is subject to taxation for the year. Per an article published by Forbes, "This tends to be the number most taxpayers care about the most." Consequently, there's no room for error.

Learn what goes in...

Read More

Oct 08 Estate Planning for Those Under 40

Posted at 9:40am in Get Balanced: Bookkeeping Made Easier
Share

The earlier you start planning your estate, the more choices you'll have. If you start now, your plan will help keep your loved ones from becoming stressed if you suddenly become disabled or pass away. This post discusses some important factors to consider to help you begin...

Read More

Sep 24 IRAs to Charity: A Useful Estate Planning Technique

Posted at 11:33am in Get Balanced: Bookkeeping Made Easier
Share

This post explains why you should follow a tax-saving strategy that considers designating your favorite charity or charities as beneficiaries of all or a portion of your IRAs. Then you can leave other assets to family members and other heirs....

Read More

Sep 10 What Is Tax-Efficient Investing?

Posted at 9:01am in Get Balanced: Bookkeeping Made Easier
Share

Avoiding taxation should not be the only goal, or even the main goal, of your investment strategy. Still, you always have to keep taxes in mind to make sure you're not unnecessarily sending too much of your money to the government. This post talks about...

Read More
  • 1
  • 2
  • 3
  • 4
Archives
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • November 2015
Categories
  • Checklists
  • Get Balanced: Bookkeeping Made Easier
  • Get Real: Real Estate Life Cycle Insights
  • Get Value: Business Valuation Insights
  • KRS Blog
  • News & Events
  • Pandemic Recovery Updates
  • Uncategorized
Meta
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
KRS logo white

Proactive advisors & accountants who understand your challenges.

80 Route 4 East, Ste. 370
Paramus, NJ 07652

T: 201-655-7411  |  F: 201-655-7412
info@krscpas.com
Quick Links
  • Client Portal
  • About KRS
  • Our Services
  • COVID-19 Updates & Resources
  • Careers
  • Contact Us
Let’s Connect
Join the KRS Mailing List

Get valuable tax tips, accounting updates, event notices and more in our biweekly newsletter

Sign Up
© KRS CPAs. All rights reserved. | Privacy Policy
Built by Enormous Creative.