Patrick is an audit manager in KEB’s Springfield, Illinois office. He joined the firm in 2021 and has experience providing audit services across a broad range of industries. Patrick has taken the time to share his insight on what it is like working with KEB. Here is what he had to say: Moving from Ernst […]

According to one recent study, replacing an employee who has left your business can cost between 50% to 60% of that person’s salary. This is why it’s virtually always more expensive to hire a new person than it is to simply retain one of your existing workers. If you’re replacing someone who makes about $100,000 […]

It is not uncommon for employers to misclassify employees as independent contractors, either to intentionally avoid their withholding and tax responsibilities or because they are not aware of the laws regarding the issue. Misclassifying a worker can have significant ramifications for both the employer and the worker in terms of how much each pays in […]

On July 14, 2023, the IRS issued Notice 2023-54 announcing that traditional IRA owners who will attain age 72 in 2023 (that is, individuals born in 1951) will have to take their first required minimum distribution (RMD) by April 1, 2025, rather than April 1, 2024. This delay in the required beginning date means that […]

When you’re at the start of your career journey, few things are more impactful than an internship. Not only do internship programs provide a unique opportunity for hands-on learning, but they also allow you to gain exposure to a professional workplace, helping you get a clearer understanding of your goals and ambitions. Today, we are […]

By: Justin Mason, CFP®  Life is full of surprises, and not all of them are good. Loss of a job, unexpected bills, or medical expenses are just a few of the unanticipated financial challenges that can throw you off track if you’re not ready for them. Sadly, many Americans are ill-prepared to take on an […]

Julia is an Audit Senior with our St. Louis Group. Fresh out of college and without any prior experience, Julia joined KEB in May 2021, immediately after graduating the week before. Due to the impact of COVID-19, she was unable to secure a summer internship in 2020. However, Julia deeply appreciates the chance she was […]

On the one hand, it’s almost a prerequisite for entrepreneurs of all types to have that “can-do spirit.” That sense that nobody else sees things quite like they do so, whatever it is they want to accomplish, it becomes something they know they’ll have to do themselves. In a lot of ways, this is an […]

It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after the tax return was already filed. Regardless of whether the oversight will result in more tax due or a refund, it should not be dismissed. Failing to report […]

While it’s true that every business is different from the next – and every entrepreneur will go on his or her own unique journey – there are still a few constants that we know to be true. The start-up phase, for example, is when you write a formal business plan. You secure financing, you select […]