Tax time is just around the corner, and if you are like most taxpayers, you are probably facing the ominous chore of compiling records in preparation for your tax appointment—whether in person, by videoconference or telephone. The difficulty of this task depends upon how well you maintained your tax records throughout the year. No matter how good your record […]

Year-end is rapidly approaching, as are the holidays. So, before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for your 2025 tax filing. Here are last-minute tax issues you might consider:  Not Needing to File a 2025 Return? - If your income and tax situation is […]

When Change Hits Your Business, So Do Tax Consequences  In business, change is constant. You start strong, add partners, grow fast, face challenges, and eventually think about what’s next.  Each of those turning points—what we’ll call “life events”—comes with tax and financial ripple effects that are easy to overlook in the moment.  From new partnerships to ownership disputes, from marriage to […]

We’re excited to share several recent administrative role transitions across KEB that strengthen our internal operations and support continued growth. Rebecca Bergmann joined the KEB Milwaukee office in July 2019 and has recently transitioned into a Marketing & Internal Communications role within the firm. In this position, Rebecca will partner with our marketing team to […]

Qualified Charitable Distributions (QCDs) are a highly effective tool in the tax planning toolkit, particularly for retirees who must take Required Minimum Distributions (RMDs) from their Individual Retirement Accounts (IRAs). By directing a portion or all of an RMD directly to a charity, taxpayers can potentially reduce their taxable income significantly, yielding multiple tax advantages.  Understanding QCDs  A QCD […]

In a move set to redefine the refund process, the Internal Revenue Service (IRS), in collaboration with the U.S. Department of Treasury, has announced the gradual phasing out of paper tax refund checks starting September 30, 2025, as mandated by Executive Order 14247. This transition to electronic refunds marks a significant shift aimed at modernizing […]

In the complex world of tax deductions, understanding the distinctions between above-the-line deductions, below-the-line deductions, and standard and itemized deductions is crucial for effective tax planning. Each category serves a distinct purpose within the tax code, impacting how taxable income is calculated and influencing the overall tax liability of individuals.  Above-the-line deductions, also known as “adjustments to […]

At KEB, our strength comes from the talented professionals who not only serve our clients with excellence but also bring unique stories and perspectives to our team. This month, we’re excited to highlight Ashley Johnson, Tax Manager in our O’Fallon, IL office. Ashley joined KEB in June 2025 and quickly became an integral part of […]

When it comes to running a successful small business, every dollar counts. Yet every year, many owners miss out on valuable tax deductions — and with them, the chance to strengthen their cash flow and reinvest in growth.  In 2025, smarter tax planning isn’t optional. It’s a financial strategy that can give your business a […]

The reinstatement of bonus depreciation is a critical component of recent U.S. tax legislation aimed at fostering economic growth. The 2017 Tax Cuts and Jobs Act (TCJA) had already put significant emphasis on bonus depreciation, but its permanent reinstatement under the “One Big Beautiful Bill Act” at 100% further emphasizes its importance, especially after considering […]