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.
Why homeowners need to track improvements before a sale or inheritance
As home values rise, the federal home sale exclusion may no longer be enough to eliminate capital gains tax when a property is sold or ...
IRS introduces automatic penalty relief for taxpayers with a strong compliance history
The IRS is replacing its First Time Abate program with a new Automatic Exemption from Penalty (AEP), which will automatically prevent certain ...
Tax mistakes new business owners make in their first profitable year
Your first profitable year in business is worth celebrating. But it can also bring expensive tax surprises, especially if you're still managing ...
August 2026 Newsletter
We are pleased to announce that KL has recently received the following recognition - thank you to our clients & team!!
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 ...
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