Klismith Accounting & Tax Group, SC

Accounting for Excellence

 

2040 Jay Mar Road Suite 1, Plover, WI 54467

Phone: 715-341-1115


157 N Main Street, Amherst, WI 54406

Phone: 715-824-6767

 

Email: katg@klismithcpas.com

Website: www.klismithcpas.com

May 2021

Valuing Your Business

Knowing how much your business is worth can do more than figure out how much money you can get when you sell it. Creating an accurate valuation is part of an ongoing business strategy.

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Professional Financial Designations

When it comes to managing your personal finances, you need the right financial professional on your team. Knowing the differences between the various professional designations will help.

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Understanding Your Business Insurance Binder

Whether you’re insuring your business against liability or protecting your employees with a workers’ compensation policy, your insurance agent will provide a binder that can serve as your temporary proof of insurance before an insurance policy is issued.

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May 2021 Client Profile

The Roberts family hired a live-in au pair to help care for their children while the parents work. One of their co-workers mentioned something about a “Nanny Tax,” and the Roberts aren’t sure if it applies to their situation.

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Big Changes to Child Tax Credit

The American Rescue Plan Act, signed into law in March 2021, made significant changes to the child tax credit for 2021 only -- unless Congress extends these changes.

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Defining Company Culture

Company culture is defined as the values, goals, practices and attitudes that represent the personality of an organization. Worker satisfaction is highest when employees' personal views are in sync with a clearly defined company culture.

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May 2021 Q and A

Let's talk about when you should notify IRS, and how long to keep your tax records.

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May 2021 Short Bits

According to the Treasury Inspector General for Tax Administration, the IRS allowed business owners to claim $57 million in potentially erroneous qualified business income deductions on 2019 tax returns.

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