KNKBS

06/25/2025

Our new website is live!

We’ve refreshed the design and made it easier to find what you’re looking for.
Check it out: https://knkbs.com

03/05/2025

UPDATE:
The deadline has been extended to March 21, 2025.

Beneficial Ownership Information (BOI) Reporting Requirements and Deadline: Pursuant to the Corporate Transparency Act beginning January 1, 2024 most companies are required to file this form no later than December 31, 2024. Costly penalties may be accessed if the form is not filed on time. Please co...

12/23/2024

For cash-basis taxpayers, December 31st is the deadline to deposit payments and settle bills to ensure they are counted towards the 2024 tax year

12/06/2024

UPDATE: On December 3, 2024 a federal district court in Texas issued a nationwide preliminary injunction against enforcing the beneficial ownership reporting requirements mandated by the Corporate Transparency Act.

The opinion will likely be appealed, however, for now, businesses do not have to file beneficial ownership information reports ith the FinCEN.

Beneficial Ownership Information (BOI) Reporting Requirements and Deadline: Pursuant to the Corporate Transparency Act beginning January 1, 2024 most companies are required to file this form no later than December 31, 2024. Costly penalties may be accessed if the form is not filed on time. Please co...

11/26/2024

Upcoming QuickBooks Online Payroll Changes

Click to read more.

As a courtesy, we want to inform you of upcoming QBO payroll changes that you need to take action on before December 31st, 2024. AUTOMATIC TAX WITHDRAWALS – action required You must confirm you want to continue using automated tax payments and filings. Below is a link to Intuit’s website with th...

11/21/2024

Beginning January 1, 2024 most companies are required to file the BOI form no later than December 31, 2024. Costly penalties may be accessed if the form is not filed on time.

Beneficial Ownership Information (BOI) Reporting Requirements and Deadline: Pursuant to the Corporate Transparency Act beginning January 1, 2024 most companies are required to file this form no later than December 31, 2024. Costly penalties may be accessed if the form is not filed on time. Please co...

11/11/2024

As we approach the end of the year, it's time to start reviewing your books for year-end tax planning. Contact us to setup a review.

09/16/2024

Your 3rd quarter estimated payments are due today.

That goes for traditional business owners as well as independent contractors, side hustlers, and gig economy job holders.

09/13/2024

Starting a new business? Congrats! It's an exciting time and also an important time to be checking all the proper boxes. The legal requirements for starting a business are going to vary by state, so search online for your state’s specific rules.

Generally speaking, you’ll need to:
✅ Choose a business entity
✅ Choose a business name
✅ Check to see if that name is available in your state
✅ Register your business name with your state
✅ Register for a federal EIN* (Employer Identification Number)
✅ Open a business bank account (you’ll need an EIN to do this, plus it will come in handy for paying all of those registration fees)
✅ Check into any state-mandated business licenses or permits required for your type of business

*Note that not every business needs an EIN. If you don’t have employees, many sole proprietors and single-member LLCs aren’t required to get one. But they are free and it provides for easier scalability down the road.

All of this will take some time and patience. Be prepared to fill out multiple online forms and be sure to save all of your registration documents in a safe place. Fortunately, most of it can be done online these days.

09/12/2024

How much does a mindset shift play into success in your job? What other factors do you think bring success in your everyday work?

https://www.inc.com/peter-economy/12-mindset-shifts-for-unlimited-success.html