Remember when “downsizing” was something you did to your closet every spring? Now, it’s a buzzword for a major financial move: selling the big family home to streamline expenses, pocket extra cash, or fund that dream RV trip. Especially for Baby Boomers and Gen Xers stepping into retirement territory, downsizing isn’t just about purging your […]

In a significant shift impacting the tax landscape, the Internal Revenue Service (IRS) is projected to lay off approximately 6,700 employees right in the middle of tax season. As of the announcement, the IRS had expanded its workforce to roughly 100,000 employees after hiring initiatives initiated by the Biden administration, which aimed to enhance enforcement, […]

Employee Spotlight: Leo Crites At KEB, we love celebrating the achievements of our team members, and today, we’re shining the spotlight on Leo Crites from the Springfield office! Leo recently passed his CPA exams—a huge milestone in his career. Join us as we get to know more about Leo, his journey, and some fun facts […]

You, like most taxpayers, probably dread the task of pulling together your records to prepare for your tax preparation appointment, but the effort usually pays off in the extra tax you might save! When you arrive at your appointment fully prepared, you’ll have more time to: Consider every possible legal deduction; Evaluate which income reporting […]

KEB is thrilled to shine the spotlight on Tyler Hall, who joined our team in September 2024 and has already been making a lasting impression at our firm! A proud graduate of the University of Wisconsin – Whitewater, Tyler double-majored in Accounting and Information Technology, achieving magna cum laude honors. Join us as we take […]

You’ve hit your 40s or 50s, and suddenly, retirement doesn’t feel like a distant mirage. It’s real. The countdown is on. But here’s the good news: You’re in a prime position to play catch-up and fortify your future, using smart tax strategies to stretch your dollars further. Think of it as turning your financial cruise […]

The dreaded moment arrives: you check your mail, and there it is—a letter from the IRS. Your heart sinks. What could it be? A mistake? A penalty? A request for missing information? If this sounds familiar, you’re not alone. During filing season, the IRS sends out millions of notices, often leaving taxpayers confused, stressed, and […]

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Beginning on Jan. 1, 2025, the standard mileage rates for the use of a car (or a van, pickup […]

We are excited to introduce Kate Schneider, who joined KEB in 2024 as the Chief Operating Officer to lead all Administrative functions, including HR, Finance, and Technology! Kate brings over 28 years of experience as a business unit CFO and operations executive with a demonstrated history in mergers & acquisitions, strategy development, and execution. Prior […]

Tax planning is a crucial aspect of financial management, yet it often remains underestimated by many taxpayers. One area that frequently causes confusion and potential financial strain is the management of estimated tax payments and the associated penalties for underpayment. Understanding the intricacies of estimated tax safe harbors, the requirement for payments to be made […]