Hello Katz - Here Are Your Articles for Thursday, May 03, 2018
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Spring has Sprung at KN+S!

 

Spring has to be the favorite season of all CPAs. It’s like we all suddenly wake up from a “zombie like” coma and have a chance to finally get outside and smell the roses again. We now have some time to reconnect with family and friends and begin the adjustment to a more normal balanced life at a much needed slower pace.

It was a fantastic busy season for KN+S this year. All of our teams worked hard to provide what was, hopefully, superb and timely service for all of you. It is amazing that in this day and age, CPAs must still perform about 60% of our yearly workload in about 3 months. The firm overall completed about 68% of our individual 1040 and partnership returns. Overall, the firm completed just over 66% of all types of returns. Hopefully those still waiting for information over the coming months will get us their last few pieces so it’s not too busy for us in September and October.

The KN+S audit department continues to be quite busy. In fact, I believe we are kicking off over 10-15 engagements in the next few weeks alone. I’m not so sure there is a lack of a “busy season” anymore at any CPA firm.

The Tax Reform Act that passed quickly right at year end has provided many opportunities and ideas over the coming months for us all to discuss. Whether you are considering changing your corporate form, how the 20% flow through deduction can work for your S corporation or partnership, or just how much less you will owe personally in 2018 due to the law changes, there is no doubt you will all be affected at some level. Look for more KN+S seminars over the summer months on these topics as well as other important items to keep you up to date.

We look forward to the warm upcoming weather and also speaking with you soon to discuss planning opportunities for both 2018 and beyond. Have an enjoyable spring.

Jeff

 

If you have any questions or would like to discuss tax planning options with one of our tax professionals, please contact Katz, Nannis & Solomon, P.C. at 781-453-8700.

 
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Katz Nannis + Solomon PC
Katz Nannis + Solomon PC
info@knscpa.com
781-453-8700
800 South Street Suite 250
Waltham, MA 02453
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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