Automobile Recordkeeping Tax Rules Revisited
Every once in a while, it pays (in tax savings and avoidance of IRS audit headaches) to go over the basics of claiming automobile business usage and the records required…
Every once in a while, it pays (in tax savings and avoidance of IRS audit headaches) to go over the basics of claiming automobile business usage and the records required…
Looking for ways to attract and retain talented employees? Consider adopting an educational assistance program (EAP) for your business! Under an EAP, employers can provide educational assistance to their employees,…
The dictionary defines procrastination as “the action of delaying or postponing something...”. And yet, we all know that taxes, at some point, cannot be delayed beyond the tax filing deadlines.…
Your business is doing well, acquisition discussions are starting with potential buyers and you have met what you think qualifies your Company for QSBS treatment (also referred to as 1202…
State Annual report deadlines are almost here – and it’s your responsibility to file them on time! All corporations doing business in Delaware must file an Annual Report. For corporations…
On January 19, 2024, the bill Tax Relief for American Families and Workers Act of 2024 was passed by the House Ways and Means Committee. The bill includes provisions for…
As the tax season approaches, we would like to express our gratitude for the opportunity to assist you with your tax preparation. To ensure a smooth and efficient process, we…
The I.R.S. has just announced that for 2024, a rate of $ 0.67/mile may be used to compensate employees for business travel in their personal vehicles. To qualify to use…
The IRS has delayed the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023. Reporting will not be required for 2023 unless the taxpayer receives…
In this crazy, hectic world we are living in, one in which we see infighting, chaos, shootings, war, and hatred and bickering all around us, your friends here at KN+S…