S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of...

With the holiday celebrations coming to an end, now is the time to take a look at the...

Lewis & Knopf, CPA, P.C. is pleased to announce the addition of three new staff members to the...

There is an important issue related to filing the 2022 S-corporation (Form 1120-S) and partnership (Form 1065) tax...

As the name suggests, cash flow is a term used to describe the money coming into and out...

As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2023 optional standard mileage...

Although the credit for purchasing a new electric vehicle can still be as much as $7,500, Congress has...

With tax season upon us, documents reporting income, sales and other items needed for your 2022 tax return...

The type of business that you're running has major implications in virtually all areas of your operations, especially...

Married taxpayers generally have the option to file a joint tax return or separate returns, a filing status...

We thank you for choosing Lewis & Knopf CPA, P.C. as your tax advisor. We truly appreciate your...

Even though the overall IRS audit rate is currently low historically, it’s expected to increase as a result...