Katy Long, a recent addition to the KEB team, joined as the Director of Quality Control in early 2024. With her arrival, the firm has gained a dedicated professional excited to contribute her expertise. In her role, Katy oversees various aspects, including the implementation of new standards, internal inspections, and the central review of SOC […]

The decision concerning whom you wish to designate as the beneficiary of your traditional IRA is critically important. This decision affects: Who will get what remains in the account after your death, and How that IRA balance can be paid out to beneficiaries. What is more, a periodic review of your IRA beneficiaries is vital […]

In the digital age, online security is among the most critical factors for any business. As more and more people are living their lives online, security has become a priority for those giving up sensitive information – including financial data – via the World Wide Web. Cyber threats are evolving with alarming sophistication, making it […]

One fundamental financial practice that often gets overlooked, yet holds immense importance, is the separation of personal and business finances. By maintaining distinct bank accounts and credit cards for business transactions, small business owners can streamline bookkeeping processes, ensure accurate expense tracking, and foster clarity in financial management. Importance of Separating Personal and Business Finances: […]

As a small business owner, the word ‘audit’ can be a source of anxiety. However, understanding the common triggers for an IRS audit and taking proactive steps can significantly reduce the likelihood of facing one. This article explores the factors that could lead to an IRS audit for small and medium-sized businesses (SMBs) and provides […]

In the wake of the pandemic, remote work has become the new norm for many American workers. As businesses across a wide range of industries have shifted to a remote model, employees and employers alike have experienced numerous benefits such as reduced overhead costs, increased employee satisfaction, and access to a broader talent pool. However, […]

Back in late 2017 Congress passed the Tax Cuts & Jobs Act of 2017 (TCJA) that made enormous changes to income tax laws as outlined below. However, most of the provisions of TCJA were only temporary changes that will expire after 2025. During the Covid pandemic Congress made other tax law changes that will also […]

Embarking on a business transition is akin to navigating a major life event. Whether buying a business, merging with another entity, or passing the baton to new ownership, it’s a transformative journey that impacts every aspect of your professional and personal life. Though these steps hold significance in every transaction, the following are presented from […]

In its ongoing effort to combat questionable Employee Retention Credit (ERC) claims, the IRS has sent more than 20,000 letters advising taxpayers that the agency is disallowing their claims. This initial batch of letters is going to businesses that did not exist or did not have paid employees during the eligibility period (March 13, 2020, […]