Blog

• Looking ahead to 2025 tax limits as you prepare to file your 2024 return

  • January 28th, 2025
  • Posted in General, Individuals, Taxes, Uncategorized

  Looking ahead to 2025 tax limits as you prepare to file your 2024 return Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual… Read More

• Businesses: The Form W-2 and 1099-NEC deadline is coming up fast

  • January 27th, 2025
  • Posted in General, Taxes

  Businesses: The Form W-2 and 1099-NEC deadline is coming up fast With the 2025 tax filing season underway, be aware that the deadline is coming up fast for businesses to submit certain information returns to the federal government and furnish… Read More

• So many KPIs, so much time: An overview for businesses

  • January 22nd, 2025
  • Posted in Business, General

  So many KPIs, so much time: An overview for businesses From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good reason: When you drive a car, you’ve… Read More

• The standard business mileage rate increased in 2025

  • January 20th, 2025
  • Posted in Business, Taxes

  The standard business mileage rate increased in 2025 The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile for… Read More

• Casino nights aren’t all fun and games

  • January 16th, 2025
  • Posted in Business, General, Non-Profit, Taxes

  Casino nights aren’t all fun and games Charitable fundraisers that feature games of chance — everything from bingo and raffles to baccarat and roulette — help U.S. nonprofits raise millions of dollars every year. However, hosting gambling events can also… Read More

• 3 ways businesses can get more bang for their marketing bucks

  • January 15th, 2025
  • Posted in Business, General

  3 ways businesses can get more bang for their marketing bucks Most small to midsize businesses today operate in tough, competitive environments. That means it’s imperative to identify and reach the right customers and prospects. However, unlike large companies, your business… Read More

• Do you have questions about taking IRA withdrawals? We’ve got answers

  • January 14th, 2025
  • Posted in General, Taxes

  Do you have questions about taking IRA withdrawals? We’ve got answers Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA, SIMPLE IRA and SEP IRA…. Read More

• Small business strategy: A heavy vehicle plus a home office equals tax savings

  • January 13th, 2025
  • Posted in Business, Taxes

  Small business strategy: A heavy vehicle plus a home office equals tax savings New and used “heavy” SUVs, pickups and vans placed in service in 2025 are potentially eligible for big first-year depreciation write-offs. One requirement is you must use… Read More

• How companies can better control IT costs

  • January 9th, 2025
  • Posted in Audits, Business, General

  How companies can better control IT costs Most small to midsize businesses today are constantly under pressure to upgrade their information technology (IT). Whether it’s new software, a better way to use the cloud or a means to strengthen cybersecurity,… Read More

• KBST&M Welcome’s the Clients and Staff of Varanko & Black, CPAs

  • January 2nd, 2025
  • Posted in Business, General, Taxes

  KBST&M adds Varanko & Black, CPAs                    Effective January 1, 2025 Hunt Valley, MD– KBST&M is pleased to announce that the 15-person accounting firm of Varanko & Black, CPAs has joined with… Read More