Individuals age 50 and over can make additional annual “catch–up” contributions to salary reduction plans including 401(k) Deferred Compensation plans, 403(b) TSA plans, 457(b) Government plans and SIMPLE plans. Age 50+ Catch–ups: For 401(k), 403(b) and 457(b) plans, the age 50 and over catch–up contributions, for plans that offer them, has been $7,500 for years […]

With the introduction of Trump Accounts under President Trump’s Working Families Tax Cuts Act, also known as the One Big Beautiful Bill Act (or OBBBA), a new opportunity has been created for American families to set up tax–advantaged savings accounts for their children younger than 18, and for those born between January 1, 2025, and […]

With tax season upon us, taxpayers across the nation are trying to grasp the many tax changes for 2025. Central to these transformations is the One Big Beautiful Bill Act (OBBBA), a comprehensive tax reform. This pivotal legislation introduces a range of changes that will directly impact virtually everyone’s tax return—whether a working individual, a […]

An LLC (Limited Liability Company) is a flexible business structure that creates a legal distinction between its owners and the business itself. This separation shields the owners’ personal assets from business liabilities and debts, a crucial safeguard not offered by simpler structures like sole proprietorships. The purpose of an LLC is to combine the limited […]

Fostering the Future of Accounting: A Comprehensive Talent Acquisition Approach By: Brooke Valenti–Jouett Introduction The success of any organization hinges on its ability to attract, develop, and retain top talent. At our firm, we recognize the profound importance of cultivating a new generation of accounting professionals who will not only contribute to our firm’s growth but also […]

Why Using QuickBooks Could Save Your Business By: Sara Jaeger When running a small business, it is easy for an unexpected challenge to escalate into a critical threat if you are unprepared. With time and resources limited, software that streamlines the accounting process and gives you a picture of your business’s overall fiscal health is a game changer. […]

ASC 842 Considerations and Impact By: Kali Patterson ASC 842 will significantly affect how organizations record and report leases. The new guidance createdby The Financial Accounting Standards Board, or FASB, gives a more correct representation of a company’s lease obligations, and can have an impact on your financial statements, even if your number of leases is minimal. […]

Where Should My Next Dollar Go? A Guide to Building Emergency Savings By: Justin Mason, CFP® Life is full of surprises, and not all of them are good. Loss of a job, unexpected bills, or medical expenses are just a few of the unanticipated financial challenges that can throw you off track if you’re not ready for […]

Work–life balance is always tricky, especially when you’re in the process of pursuing a big goal. Havingthe flexibility to customize your workload is critical when you’re trying to make room for everything youvalue in life. We talked to Brooke Killian, Audit Senior in KEB’s St. Louis office, about the adjustments she made to her schedule that […]

It’s Time to Start Leaning on Your Accounting Team By: Kate Ward Running a small business comes with a myriad of challenges. You constantly have important decisions to make—and never enough time to make them. With the onslaught of the COVID–19 pandemic, the business environment became more difficult than ever. These days, small business owners face employee shortages, […]