As we move into tax season, one of the most helpful things you can do is get organized early. Providing complete and timely information allows our team to prepare your return efficiently, minimize follow-up questions, and ensure nothing is overlooked. A little preparation now can make the overall process much smoother. Start Early and Send […]

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 […]

At KEB, our strength comes from the talented professionals who serve our clients with care while also bringing their own unique stories and perspectives to the team. This month, we are excited to highlight Cheyenne Morgan, who joined KEB in 2025! Cheyenne supports the firm with tax and audit preparation and review, always ready to […]

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 […]

There’s nothing quite like opening the mailbox, seeing an envelope with “Internal Revenue Service” printed on it, and feeling your stomach drop. Even people who are perfectly organized — even people who’ve done everything right — feel the same jolt of panic when they receive an IRS notice. But here’s the truth: Most IRS notices […]

In today’s digital age, social media serves as a hub of information on almost every topic imaginable, from cooking recipes to financial advice, including taxes. However, as accessible as these platforms are, they pose a significant risk when used as a source for tax advice. Misleading or just plain wrong tax advice on social media […]

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 […]