By Marisol Martinez, KOS Staff        mmartinez@koscpa.com Congress has had their plate full in deciding the fate of our tax consequences. Some changes have already been made and some are still in the making. Filing Deadline – This year your individual … Continue reading →

How to organize your key records The IRS generally requires taxpayers to shoulder most of the recordkeeping responsibilities. If you have not kept the necessary tax records in the past—or if your recordkeeping has been inadequate—make it your New Year’s … Continue reading →

Make use of better time management Frequently, business owners deal in “commodities,” such as the goods that the company might produce or sell to the general public. Yet they may pay scant attention to one of the precious commodities: time. … Continue reading →

By Geoff Harlow, KOS Partner gharlow@koscpa.com Effective for tax year 2011, household employers must separately report Illinois Withholding Income Tax and Unemployment Insurance Contributions. Form UI-WIT, Combined Return for Household Employers, has been discontinued. Illinois Withholding Income Tax: You may … Continue reading →

By Michael Wall, KOS Manager mwall@koscpa.com Over the last few years there have been a number of pieces of legislation passed by Congress that affect small business and will be implemented in the future.  The Housing and Economic Recovery Act … Continue reading →

By Bruce Kreisman, KOS Supervisor bkreisman@koscpa.com Now is the season to complete college financial aid applications for the 2012-2013 academic year. Whether you have completed applications in the past, or this is your first time doing so, the FAFSA process … Continue reading →