It's Tax Time!!
We look forward to the opportunity to work with our clients again this tax season!!
It’s time to begin gathering information for the preparation of your 2025 income tax return(s). We have already provided the 2025 Tax Organizers to assist you with this. The tax deadline is April 15, 2026 this year. While we can file for an extension of time for filing the tax return until October 15, 2026, all taxes must be paid by the April 15th deadline. Therefore, we will need as much information as possible before this time to make a good faith effort in determining your tax liability (if any). In addition, if you are required to make estimated tax payments, your first tax payment for 2026 will be due on April 15, 2026. Also, a reminder about deadlines for S corporations and partnership tax returns – they are due on March 16, 2026 and C Corporation tax returns are due April 15, 2026.
You can mail or email (please email us a request for a secure link) your data to us, or call our office to schedule an appointment. Our ability to complete your return by the April 15, 2026 deadline is only attainable if we receive your data early enough.
Join Our Team!
We are always interested in meeting highly qualified and motivated individuals to join our team. We offer a very competitive compensation and benefits package and a good work life balance environment.
If you're interested in exploring employment opportunities with our firm, please email your CV/resume to recruiting@kl.cpa
Featured Insights
S-corporations 101: FAQs for business owners
S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the benefits aren’t automatic – they depend on your income level, involvement in the business, and whether you’re ready to manage the added compliance responsibilities. Here’s what you need to know about how S-corps work, who they’re right for, and what’s required to maintain one.
IRS clarifies 100% first-year bonus depreciation rules
The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property in the year it’s placed in service, rather than depreciating it over several years.
The mega backdoor Roth: a straightforward strategy for high earners locked out of Roth IRAs
For high-income professionals locked out of traditional Roth contributions, mega Roth conversions offer a powerful alternative. By contributing after-tax dollars to fill unused space under the $72,000 annual 401(k) limit and immediately converting them to Roth, eligible savers can funnel tens of thousands annually into tax-free growth.