Insights & Updates
Empowering Your
Financial Journey
Explore a wealth of insights on navigating tax complexities, financial planning strategies, and the latest in regulatory changes, as well as news about the firm, all designed to empower your financial journey and keep you ahead of the curve.
IRS provides gift tax safe harbor for Trump account contributions
The IRS just made it easier for families to fund Trump accounts without triggering an unexpected gift tax filing requirement. In Revenue ...
State tax nexus in 2026: what business owners need to know about unexpected tax obligations
If your business sells online, has remote employees, or uses third-party fulfillment, you may owe taxes in states where you've never filed a ...
Protecting Your Family from Financial Scams
Financial scams are more sophisticated than ever, and the people most at risk are often the ones least likely to see it coming. A few simple ...
July 2026 Newsletter
Goodbye, summer days — hello, new beginnings! As we head back to school, may this year bring fresh opportunities and plenty of inspiration. ...
Fraud prevention strategies for nonprofit organizations
Nonprofits are disproportionately vulnerable to occupational fraud due to small administrative teams, part-time board oversight, and heavy ...
Don’t waste a good year: 2026 retirement and HSA limits worth using
For 2026, the IRS has raised contribution limits across retirement plans, IRAs, and HSAs, giving high-income households more room for ...
June 2026 Newsletter
The KL partners would like to thank you for trusting us to provide prompt, personalized and quality service each year!
Why financial strategy must evolve over time
Effective financial planning isn't a one-time event, it's an ongoing process that must adapt as your life, income, and goals change over time. ...
Summer Jobs, Side Hustles, and Summer Tax Problems
Summer jobs and side hustles can feel like easy extra money, but without the right planning, that income can turn into a surprise tax bill next ...
Financial strategy for early career professionals and young families
The early career and young family years bring a rapid increase in financial complexity, as growing income, expanding responsibilities, and ...
Newly married this year? The tax changes couples miss
Getting married triggers significant tax changes that catch many couples off guard, from a new filing status that takes effect the moment you ...
May 2026 Newsletter
The KL partners would like to thank you for trusting us to provide prompt, personalized and quality service each year!
COVID-Era IRS Penalty & Interest Refunds: What Taxpayers Should Know Before July 10, 2026
A recent federal court ruling in Kwong v. United States may create refund opportunities for taxpayers who paid certain IRS penalties or interest ...
Which retirement plan is best for a self-employed owner: SEP, SIMPLE, or Solo 401(k)?
A practical guide to using a SEP IRA, SIMPLE IRA, or solo 401(k) strategically, covering contribution limits, deadlines, employee rules, tax ...
Federal innovation grants for small businesses renewed through 2031
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs have been reauthorized and extended through ...
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