KJW Co

Tax season is upon us, and so are the risks of fraud. With that in mind, we’re sharing highlights from the IRS’s 2024 "Dirty Dozen" list of top scams. Swipe for a few of the most common scams to look out for ↩️ 💡 TIP: Always verify communication sources, consult trusted professionals for tax filings, and safeguard your personal information. If you have questions or need assistance this tax season, do not hesitate to contact our team. 📞973-857-4077

The BOI Reporting requirement has gotten messy. Swipe for some context and steps businesses can consider ↩️ Have questions? Our team is here to help you stay compliant and informed. Give us a call anytime. 📞973-857-4077

Is a smoother tax season one of your 2025 resolutions? Let our team help check that off your list by handling the details and ensuring you get every deduction and credit you deserve. Start the year strong — reach out today! 📞973-857-4077

Each year, the Internal Revenue Service adjusts tax brackets, credits, and standard deductions in response to inflation. Today, we’re sharing a comprehensive overview of the key changes coming in 2025. Swipe for more information, and feel free to save this guide for future reference. As always, reach out to our team with any questions or needs. We’re here to help.

As the holiday season inspires generosity, remember that your charitable contributions made by December 31 can also provide valuable tax benefits. As you wrap up your contributions, keep these important points in mind: ✅ Verify that your donations are made to IRS-approved charitable organizations. ✅ Keep thorough records for your tax documentation. ✅ Remember the deduction limits: generally, cash donations up to 60% of your AGI and non-cash donations up to 50% of your AGI for public charities. If you have any questions or need guidance on your charitable giving strategy, our team is here to assist you! 📞973-857-4077

With the year drawing to a close, we wanted to highlight a few important tax deadlines that may be relevant to your business. Being aware of these dates can help you stay prepared and on track. 📅 December 31, 2024: Last day to make charitable donations for the 2024 tax year. Final day to purchase capital assets for Section 179 and bonus depreciation deductions. Last chance to pay out employee bonuses for 2024 deductions. 📅 January 31, 2025: Deadline for sending W-2 and 1099-NEC forms. 📅 March 17, 2025: S-Corp and Partnership Returns (Forms 1120S and 1065) are due. 📅 April 15, 2025: Deadline for C-Corp and individual returns (Forms 1120 and 1040). If you need support preparing for tax season, our team is here. Reach out anytime. 📞973-857-4077

As the year comes to a close, it's crucial to be aware of the important deadlines regarding required minimum distributions (RMDs). With this in mind, we have put together an overview of these deadlines and their requirements. Swipe through to learn more. Need help planning your RMD strategy? Our team is here to assist you in navigating these requirements. 📞973-857-4077

From our families to yours, we extend our warmest wishes for a wonderful Thanksgiving filled with great food, good company, and plenty of joy. Our office will be closed on Thursday, November 28, and Friday, November 29, but we'll be back and ready to serve you on Monday, December 2. Enjoy the holiday!

Our expert accounting team is here to provide personalized tax preparation services tailored to your unique needs. From maximizing deductions to ensuring compliance, we've got you covered. Contact us today to schedule your consultation and take the stress out of the upcoming tax season.📞973-857-4077

This Veterans Day, we invite you to join us in honoring the brave men and women who have served our nation. Our veterans have shown incredible bravery, dedication, and resilience, ensuring our freedoms and security. Whether serving at home or abroad, in times of peace or conflict, their contributions are invaluable. To all the veterans in our network, thank you for your service.