Deciding on a payroll schedule is crucial not only for operational efficiency and employee satisfaction but also for maintaining tax compliance. At KDK Accountancy, we specialize in providing the insights and support you need to choose the most effective financial structures tailored to both your business needs and tax obligations. Here’s a deeper look into [...]
Ensuring financial health is essential for the sustainability and growth of any business. For Orlando businesses, regularly evaluating financial health is crucial to stay competitive and ensure stability. Let's learn key indicators of financial health and why regular assessments are vital for business sustainability in Orlando FL. The Four Pillars of Financial Health Understanding your [...]
For most of the nation, the tax deadline was April 15. However, some people need more time to file, so a tax extension is possible. On April 12, 2024, the IRS estimated that around 19 million taxpayers would file for an automatic extension. Filing for an income tax extension gives you extra time to prepare [...]
Whether it's the cozy café or the independent boutique that adds character to our neighborhood, local enterprises contribute the lion's share to economic diversity and vitality. But financial management can often seem like a labyrinth — one wrong turn, and you're in the red. In this blog post, we dive into actionable ways to streamline [...]
Preparing and filing your personal income tax return can be overwhelming, especially for individuals and small business owners. The good news is that this process can become smoother and more efficient with the right information and planning. With this article, we aim to provide you with the essential items needed to prepare your tax return, [...]
Running a business is quite a challenging task. Aside from handling daily operations, marketing, and customer service, business owners must closely monitor their finances. Understanding the financial health of your small business is crucial for making informed decisions and ensuring long-term sustainability. By tracking and analyzing key financial metrics, you can evaluate your business's progress [...]
Have you considered hiring an Orlando CPA or any other type of small business consultant? If you have, you may be wondering if taking such a step is necessary for your company. Here are seven reasons your small business might need a consultant at some point. Marketing and Sales Many consultants specialize in [...]
Saving for the future is challenging for most people. In fact, as many as two thirds of Americans report that they are actively spending their savings. Now more than ever, it is important to be conscientious about keeping your expenses proportional to your income and saving responsibly. Here are ten things that you can do [...]
The IRS’s turnaround time for processing taxes has become much quicker over the years, with many taxpayers receiving their refunds within three weeks. While most tax returns are processed in the first few weeks after they have been filed, there are several reasons a refund might be delayed. 1. The Tax Return Was Incomplete One [...]
April 15 is traditionally known as Tax Day, but many people don't manage to submit their forms by then. If you found yourself procrastinating beyond that date and still have not filed a tax return or extension request, don't despair. Here is what you should know about filing your taxes beyond the deadline. Special Deadline [...]
