Credit Cards vs. Debit Cards The bill for dinner at the restaurant is presented, and you have graciously offered to pay. Should you use a credit card or a debit card? You may think that it does not matter, but … Continue reading →

Obama’s Student Loan Debt Relief: What does is it mean for you?  By Katherine Nauert, CPA – KOS Staff    knauert@koscpa.com     In late October 2011, President Obama announced a series of new measures that aim to help ease the burden of … Continue reading →

Can You Support Your Charitable Deductions? Year in and year out, charitable donations often provide big deductions for high-income individuals at tax return time. Deductions for charitable gifts may be claimed only by taxpayers who itemize their returns. But even … Continue reading →

A Few Tax Changes for 2012  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.   This year … Continue reading →

Tax Angles to Lifetime GiftsBy Jeffrey Butler, KOS Director jbutler@koscpa.com Due to recent tax law changes, you may want to consider giving gifts to other family members.  The gifts can reduce the size of your taxable estate.  Here is an … Continue reading →

2011 Tax Strategies for BusinessesThe end of the year is often the preferred time for tax planning because you may have the flexibility to shift income and deductions to your tax benefit. However, tax planning in 2011 is shrouded in … Continue reading →

Safety First in Year-end Tax PlanningThe end of the year is often the preferred time for tax planning. However, tax planning in 2011 is shrouded in doubt as talk of major tax reform heats up. A resolution of the federal … Continue reading →

Is a Health Savings Account Right for You? By Alan Kalfen, KOS Partner  akalfen@koscpa.com As employers and individuals strive to control medical insurance premiums there has been a switch by many to insurance plans that have higher deductibles.  This switch … Continue reading →

Unemployment Benefits Come With BaggageThe U.S. unemployment rate continues to remain high at 9.2%. This means that many Americans are collecting their unemployment benefits and many are doing so for the first time ever.  According to a recent survey 40% … Continue reading →

Construction Junction: Building Green Pays OffBy Christina Butcher, KOS Manager cbutcher@koscpa.comMost contractors know that the future of the industry is ‘Green Building,’ a process of building energy efficient, sustainable construction and renovation.  This process leads to lower energy, operating and lifecycle … Continue reading →