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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 ...
Tax, Retirement, and Social Security changes for 2024
Are you prepared for the tax, retirement, and Social Security changes coming in 2024? Stay ahead with our expert insights and start planning ...
November 2023 Newsletter
The KL team enjoyed a fun night out in appreciation of our staff’s efforts in 2023. Thank you to all of our clients for allowing us to serve you!
Two Estate Planning Strategies to Help Protect Wealth
A goal of estate planning is to maximize the wealth that is passed on to one's heirs. In this video, we'll discuss how a Spousal Lifetime Access ...
October 2023 Newsletter
KL is very pleased to announce that CityBusiness has once again recognized our firm as a “2023 Best Places to Work” – thanks to our fantastic team!!
IRS declares a moratorium on processing new employee retention credit claims
IRS declares immediate moratorium on processing new claims for Employee Retention Credit due to concerns of scams and improper claims, urging ...
Inheriting an IRA, but not from your spouse? Here’s what you need to know.
While inheriting an IRA can be a boon, it's crucial to understand the rules governing it to avoid unnecessary taxes or penalties.
Strategic giving: comparing private foundations and donor-advised funds
Discover the benefits of private foundations for managing charitable giving and how they differ from donor-advised funds. Gain greater control ...
September 2023 Newsletter
With the September 15th deadline behind us, we would like to share a reminder that individual, gift taxes and C Corporation tax returns that ...
Why the Cost of Customer Acquisition Is So Important
For any business, understanding and effectively managing the cost of customer acquisition is crucial for success. In this video, we'll explain ...
IRS announces transition relief for RMDs following the SECURE 2.0 Act
Discover how the IRS is providing much-needed relief for Required Minimum Distributions (RMDs) in light of the SECURE 2.0 Act. Learn about the ...
Determining Reasonable Compensation for S-Corp Owners
As an owner of an S-Corp, understanding the concept of reasonable compensation is crucial for tax planning and compliance. Learn about the IRS's ...