K&R CPAs

Our newest edditon to the K&R CPA family ... Zac Klaven says Happy Easter to all that celebrate.

Major life changes can be stressful, not least because they often affect your taxes. Here are several ways that your tax situation can change due to major life events.

Read about three time-tested steps you can take to start implementing your 2021 tax planning strategy. Here's what you need to know.

Another round of stimulus payments will greet many of you in January thanks to a new COVID relief package enacted by Congress in December. Here's what you need to know about the new legislation.

There is a financial trap hidden within your estate that could cost you thousands. Here is what you need to know.

Having your tax return reviewed by the IRS is never fun. Here are suggestions to ensure you come out on the right side of an audit.

Donating stock to charities instead of cash could mean bigger tax savings for you. Here's what you need to know.

We send our best wishes to you for a safe and Merry Christmas.

As 2020 is coming to a close, here are four tax planning moves you should consider.

We are still looking to grow our team. Job Title: Admin/Office Manager flexible work schedule No prior experience in accounting required... Prior experience with Excel, Word, and common computer software preferred. Message us for more details.

We are looking to grow our team. Job Title: Admin/Office Coordinator Part time and flexible work schedule No prior experience in accounting required... Prior experience with Excel, Word, and common computer software preferred. Message us for more details.

Tax rates will probably increase sometime in the near future. Here's what you can do now to prepare for possible higher rates.

You have until August 31 to return that retirement distribution you received earlier this year if you either don't need it or don't want to pay taxes on it in 2020.

Help your favorite charity this year with these new tax deductions for your non-profit contributions.

Now onto the Senate

The Senate could vote as early as this week on a bill that would double the loan forgiveness period to 16 weeks. The House is expected to vote this week on standalone legislation that would extend the loan forgiveness period to as long as 24 weeks and also eliminate the rule requiring PPP borrowers to spend at least 75% of the funds on payroll costs to qualify for full loan forgiveness. A separate Senate bill would also expand the loan forgiveness period to 24 weeks and eliminate the 75% rule.

Happy Mother’s Day from K&R CPA

https://covidtaxportal.com/FmqQpFCChYRx

A very helpful tool to use for estimating the potential amount of loan forgiveness. As always check with your bank and CPA for confirmation on any loan forgiveness.