Coming Soon: Catch-Up Contribution Rule Changes
The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law in December 2022. The new law includes sweeping changes to 401(k) and other qualified retirement...
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RECORD RETENTION GUIDES 2023
The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) the date on which you file your taxes....
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PKS Document Shredding Events – Salisbury, Ocean City & Lewes
Protect yourself from identity theft at our document shredding events in Salisbury, Ocean City and Lewes. Gather your personal, sensitive information, and we’ll shred on site for free. MONDAY, MAY 22nd...
View ArticleMidyear Tax Planning for Small Businesses and Owners
Summer isn’t just for barbeques and baseball. It’s also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming...
View Article6 Types of Payroll Tax Obligations Employers Should Know
There’s more to paying taxes than just federal and state income taxes. Another major tax chore for employers is payroll taxes. These expenditures can be significant, and the reporting requirements can...
View ArticleKeen Earns Certified Fraud Examiner (CFE) Credential
PKS & Company, P.A., Certified Public Accountants and Advisors to Business is pleased to announce that Lindsey E. Keen, CPA has earned the Certified Fraud Examiner (CFE) credential. To become a...
View ArticleWhy You Need a Formal Gift Acceptance Policy
Gifts and donations are vitally important to nonprofit organizations. But not all donations are created equal, especially non-cash gifts and in-kind donations. In some circumstances, these kinds of...
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MEDICARE 101: Your Questions Answered
Are you currently enrolled in Medicare? Will you be turning 65 over the next year or two? This webinar will simplify the choices you need to make, help you make more well-informed decisions and...
View Article2023 Year-End Planning & Tax Update Webinar
Join us for a timely webinar led by Douglas W. McCabe, CPA, Esq., Emilee N. Snader, CPA, and Gigi G. LeKites, CFP®, CRPC®, on the latest tax issues, year-end planning opportunities, an overview of...
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5 Ideas to Help Small Business Owners Reduce Taxes for 2023
As year end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax year — and beyond. Fortunately, no significant...
View ArticleFiling Fee Waiver for MD Businesses with Retirement Plans
If you’re a Maryland employer and provide your employees with a retirement plan, you may be eligible to claim a filing fee waiver and save $300 each year. The State of Maryland started this fee waiver...
View ArticleWebinar Recording: 2023 Year-End Planning & Tax Update
On October 30, 2023, we hosted an informational webinar on the latest tax issues, year-end planning opportunities, an overview of recent legislation, and details on how the SECURE Act 2.0 will change...
View ArticleHow Some Taxpayers Get Snared By Tax-Avoidance Scams
Although most tax preparers are ethical and help ensure their clients file timely and accurate tax returns, a small percentage abuse their position of trust. They may, for example, engage in...
View Article7 Tax Breaks for Parents
It’s challenging and expensive to be a parent. The average annual cost of raising a child in the United States is $21,681, after factoring in tax exemptions and credits, according to a 2023 study...
View ArticleWhat is Residual Fraud Risk — and What Can Your Business Do About It?
By regularly analyzing risk, business owners and executives can better understand and manage the likelihood and potential impact of fraud. In general, there are two types of business risk: inherent...
View ArticleDoes Your Business Have to Comply with New Corporate Reporting Rules?
Your business may soon have to comply with new reporting requirements that take effect on January 1, 2024. Under the Corporate Transparency Act (CTA), enacted in 2021, certain companies will be...
View ArticleAnswers to Common Payroll Questions
Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often have questions about their shifting...
View ArticleNew Requirements for Long-Term, Part-Time Employees
For years, 401(k) plans have been able to follow the ERISA statutory provision that permits excluding employees who work less than 1,000 hours per year (generally less than 20 hours a week). As part...
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2024 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2024. Keep in mind that this list isn’t all-inclusive, so there may be additional...
View ArticleChoosing a business entity: Which way to go?
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you operate as a C corporation or a pass-through...
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