The Internal Revenue Service has announced tax relief for individuals and businesses in parts of Florida that were affected by Hurricane Milton that began on Oct. 5, 2024. These taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments. Following the disaster declaration issued by […]

This year marks an incredible milestone for KEB Wealth Advisors, as they celebrate their 25th anniversary. Founded in the fall of 1999 by Marc Carter, with Jim Hagerman joining soon after, the firm launched with zero clients and just a quarter of an administrative staff—all backed by the steadfast support of KEB CPA partners. From […]

Chris McAuley has had an inspiring journey with KEB, joining the firm initially in 2018 and returning in 2024 after a brief year away. Now a Senior Manager in the Cape office, Chris is integral to KEB’s operations and client service, overseeing day-to-day activities and contributing his expertise in both audit and tax services. His […]

Taxpayers are limited in the annual amount they can contribute to a Roth IRA. The maximum contribution for 2024 is $7,000 ($8,000 if age 50 or older), but the allowable 2024 contribution for joint-filing taxpayers phases out at an adjusted gross income (AGI) between $230,000 and $240,000 (or an AGI between $0 and $9,999 for […]

As the deadline for compliance with the Corporate Transparency Act (CTA) approaches, small and medium-sized businesses (SMBs) must remain vigilant. This legislative milestone, aimed at enhancing corporate transparency, requires businesses to disclose beneficial ownership information to combat illicit activities like money laundering and tax evasion. With the latest insights and reminders, it’s crucial for SMBs […]

The Internal Revenue Code Section 25C credit, also known as the Energy Efficient Home Improvement Credit, is a valuable tax incentive for homeowners who make qualifying energy-saving improvements to their existing homes. This credit has undergone several modifications since its inception in 2006, with significant changes introduced by the Inflation Reduction Act (IR Act). Don’t […]

Attracting top talent is crucial for any organization, and at KEB, we take our campus recruitment efforts seriously. With a commitment to transparency, honesty, and building genuine connections, we aim to find individuals who not only meet our technical qualifications but also align with our firm’s values and culture. We recently sat down with Brooke […]

Since joining KEB in 2016, Brooke Valenti-Jouett has played a pivotal role as the firm’s HR Manager, overseeing all aspects of employee relations. From recruiting and onboarding new talent to managing total rewards and supporting former employees, Brooke is dedicated to ensuring a positive and cohesive work environment for everyone at KEB. Her passion for […]

The Internal Revenue Service (IRS) has introduced a second Employee Retention Credit (ERC) Voluntary Disclosure Program as outlined in Announcement 2024-30. This initiative is designed to address erroneous claims for the ERC, a refundable tax credit aimed at supporting businesses and tax-exempt organizations that continued to pay employees during the COVID-19 pandemic under specific conditions. […]

In the realm of taxes, understanding who is required to pay self-employment tax and who is exempt is crucial for individuals navigating their financial responsibilities. Whereas employees have Social Security and Medicare taxes withheld from wages–often referred to as FICA taxes– individuals who work for themselves are subject to self-employment (SE) tax, which they pay […]