by KLPCPA | Jan 8, 2018 | Taxes
Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting from the new law. Owners...
by KLPCPA | Dec 27, 2017 | Taxes
The recently passed tax reform bill, commonly referred to as the Tax Cuts and Jobs Act (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major impact on businesses. Here’s a look at some of the...
by KLPCPA | Dec 27, 2017 | Taxes
One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase. Your...
by KLPCPA | Mar 24, 2017 | Uncategorized
I’m not sure there was any Republican running for office in 2016 that didn’t promise to repeal, replace, or alter the Affordable Care Act. Assuming this comes to fruition there is a long list of tax code provisions that could be eliminated or changed to some degree....
by KLPCPA | May 27, 2015 | Uncategorized
Most students hold a summer job when they are out of school for the summer. We are going to give you a few tips to avoid tax problems at the end of the year. Complete a W-4 when you start a new job. A W-4 is used by employers to determine the amount of taxes that need...
by KLPCPA | May 8, 2015 | Uncategorized
Every manufacturing or construction operation is a little different and that uniqueness is typically tied to inventory. Our experience here at KLP will help you answer important questions and chart the right course for your business. How do you measure the costs...
by KLPCPA | Apr 17, 2015 | Uncategorized
Here at KLP we handle a variety of industries. Last week we featured not for profit entities. This week we’ve covered the area of telecommunications. As always, if you have any questions or comments please let us know in comments below! We’ll have someone...
by KLPCPA | Apr 10, 2015 | Uncategorized
Typically, large not for profit organizations have a team of skilled in-house accounting people. They might need auditing, tax and from time to time consulting services. Smaller non profits might be operating with a limited budget, while working hard to maintain the...
by KLPCPA | Mar 27, 2015 | Uncategorized
As a business owner, budgeting is something that is vital to the success if your business. How much should be allocated for payroll, special projects and even unexpected expenses. Limitations such as time, money and logistics frequently prevent a company from moving...
by KLPCPA | Mar 20, 2015 | Uncategorized
We are right in the middle of tax season. Something that seems overwhelming and unending at times. Here at KLP we are here to help you through tax season. Whether you are a small business owner or filing as an independent contractor we’ve got you covered. This...
