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.

Key IRS Update: new 1099-K thresholds set through 2026
Significant changes to the IRS's 1099-K reporting thresholds are on the horizon, affecting anyone who uses payment apps or online marketplaces. ...

Corporate Transparency Act under scrutiny: key developments and implications
The Corporate Transparency Act (CTA) is facing significant legal challenges, leading to a temporary halt in its enforcement. This development ...

November 2024 Newsletter
Three of our managers attended the Annual CPAmerica Tax Conference. It was a great opportunity to learn, network, and bring back valuable ...

IRS releases inflation adjustments for 2025
The IRS has announced significant inflation adjustments for the 2025 tax year, impacting standard deductions, income tax brackets, and various ...

End-of-year tax strategies for individuals
As the year-end approaches, it's time to for strategic tax planning. From assessing your current tax situation and understanding deductions to ...

Smart year-end tax moves for businesses
As year-end approaches, small business owners face crucial tax planning decisions that can impact their financial health. From leveraging ...

October 2024 Newsletter
KL is very pleased to announce that CityBusiness has once again recognized our firm as a “2024 Best Places to Work” – thanks to our fantastic team

Small Business Tax Credits And Deductions
If you're a small business owner, this video will provide an overview of the tax credits and deductions available to you. From the Qualified ...

Can you deduct pre-startup costs? What aspiring business owners need to know.
Are pre-startup costs deductible before your business officially launches? This article examines the tax rules and a recent court case that ...

Time to check your withholding: a year-end tax reminder for high-income earners and gig workers
Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article ...

September 2024 Newsletter
The KL team enjoyed participating in UNO & SLU "Meet the Firms" event this month! Thank you again to both universities for the opportunity to ...

Recruiting tips for small businesses
Looking to build a winning team for your small business? Our new article offers practical tips for effective recruitment, ensuring you find the ...

Classroom costs and tax relief: understanding the educator expense deduction
Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, ...

Accounting and AI: what clients need to know and ask
Explore how AI is transforming the world of accounting, enhancing efficiency and accuracy without replacing the human touch.

Understanding the timeframe for IRS audits
Ever wondered how long you could be subject to an IRS audit? Our latest article breaks down the complexities of IRS audit timeframes.
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