Insights Gallery
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March 2024 Newsletter
The KL team has been working very hard this busy season & recently enjoyed some treats!
Building sustainable wealth: 5 key considerations for emerging high earners
Get valuable insights on how to build sustainable wealth as an emerging high-earner. This article dives deep into managing lifestyle creep, ...
Rollout of the IRS’s $1 billion penalty relief program
The IRS is offering a penalty relief program to taxpayers affected by its operational difficulties during the pandemic. Find out if you qualify ...
February 2024 Newsletter
We look forward to the opportunity to work with our clients again this tax season!!
From partnerships to side gigs, who really owes self-employment taxes?
Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn ...
Self-employed? Here’s how to pick between a SEP IRA and Solo 401(k) for your retirement
Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, ...
Financial analysis of leasing vs. purchasing a vehicle
Understanding the financial differences between leasing and purchasing a vehicle can save you a significant amount of money. This article ...
Understanding the Backdoor Roth IRA
Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective ...
January 2024 Newsletter
Please be aware that the filing deadline for all Federal W-2s is January 31, 2024. Please make an effort to distribute these forms to employees ...
New IRS Regulations Increase Electronic Filing Requirements For Forms W-2 and 1099
The IRS has released new regulations expanding mandatory electronic filing requirements, affecting businesses and individuals filing 10 or more ...
Early retirement withdrawals: avoiding the 10% penalty
Uncover potential circumstances under which you can tap into your retirement savings early without facing hefty penalties. From qualifying plan ...
IRS announces 2024 standard mileage rates
The IRS has announced the 2024 Standard Mileage Rates. Understand how these rates will affect your deductions for business, medical, moving, or ...
IRS Opens ERC Voluntary Disclosure Program
If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help ...
December 2023 Newsletter
The KL team would like to wish you all the happiest of holidays, good cheer and a wonderful New Year! We recently celebrated at our annual ...
Corporate Transparency Act/Beneficial Ownership Information Reporting
“Explore how the Corporate Transparency Act reshapes the landscape of beneficial ownership reporting. Uncover the implications and obligations ...