Kris Keiser, CPA, PC

Enjoyed spending time with Tulsa musician and artist entrepreneurs and sharing with them.

Today's National Apprenticeship Week partner highlight is Kris Keiser, CPA, PC. Mr. Keiser's registered apprenticeship partners with CV Tech' Accounting & Business Management program. As an entrepreneur himself, Kris enjoys allowing students to succeed through a variety of learning opportunities. Learn more about how students can earn while they learn at: https://cvtech.edu/work-based-learning/ and

This week on "Gaining To Give", Josh sits down with Kris Keiser, CPA, PC , a respected CPA, entrepreneur, and educator in Oklahoma City. Kris shares his personal success story, the challenges he's faced, and offers practical tips for aspiring entrepreneurs. We also talk about tax planning and the importance that it plays in you finances. Tune in to hear more!

https://open.spotify.com/episode/7s0OFtYqyqvzw7Zy5CpuYI?si=71b4ee3d531d4b42

I recently had the privilege of being on a podcast with my good friend, Josh Roche of the Roche Group, Wealth Advisors. Use the link If you'd like to hear about my entrepreneurial journey and some discussion on the importance of utilizing both tax planning and financial planning. Josh's podcasts all have a lot of great insight so it's worth listening to some of the other episodes as well.

https://open.spotify.com/episode/7s0OFtYqyqvzw7Zy5CpuYI?si=aed0b7609d2f4417

33: Lessons In Entrepreneurship with Special Guest Kris Keiser Episode · Gaining to Give · In this episode of Gaining To Give, Josh sits down with Kris Keiser, a successful CPA, entrepreneur, and educator serving the Oklahoma City area. Kris shares about his journey to success, including valuable lessons learned from overcoming years of challenges and offers ...

We are continuing to grow and expand our team. We are hiring for multiple internships, part-time positions and tax season internships. Tax internships run January-April. If you have had at least 2 semesters of accounting and pursuing an accounting career then you qualify. Contact me for more details or email at [email protected]. Feel free to share/forward this to anyone that might be interested.

Kris Keiser, CPA / MBA - Oklahoma City Bookkeeping and Accounting Outsource your accounting and CFO role to an experienced profession, saving you and your team hundreds of hours that translates to making much more profit while minimizing your tax liabilities and giving you the tools to leverage your costs to maximum efficiency

How do you know how to choose the right tax preparer? The IRS actually has suggestions for those of you looking and how to avoid scammers or risky choices. Use the link provided below. As always, feel free to contact us if you have any questions or if we can help in any way.

Some highlights:
- check their qualifications
- be cautious of those that promise "bigger returns than anybody else", especially if that's their main marketing message
- never sign a blank or incomplete return

Choosing a Tax Professional | Internal Revenue Service Learn how to choose a qualified tax return preparer and access the IRS Directory of Federal Tax Return Preparers with Credentials and Select Qualifications.

Did you know the 2022 tax filing season has already started? Personal returns are due by 4/18 unless an extension is filed. C-Corp and Estate/Trust returns are also due 4/18. S-Corp and Partnership returns are due 3/15 (only 1.5 months away!). Reach out to us if you have any questions or need help for any of this. Our slots for returns that can be done before the deadlines are filling up fast. See below for some useful items and common misconceptions for 2022.

Phone: 405-355-2723
website: www.kriskcpa.com
email: [email protected]
make an appointment: calendly.com/kriskcpa

Useful items/Common misconceptions:
1. Child tax credit is back to $2,000 per child age 16 and younger. There were no advanced child tax credit payments for 2022.
2. Non-reimbursed employee expenses are not deductible as an employee.
3. If you owe taxes they are still due by 4/18, even if you file an extension. Interest starts accruing the very next day.
4. Extensions must be filed before the original deadline. You cannot file an extension once the original deadline has passed.
5. If your fiscal year is not on a calendar year, your return is due on the 15th day of the 4th month after then end of your fiscal year unless you file an extension before then.
6. Legitimate meal expenses for your business/self-employment is deductible at 100% for 2022 (normally 50%).
7. IRA and HSA contributions for 2022 can still be made until 4/18.

Final estimated tax payments for 2022 are due by Tuesday, 1/17. Did you know the IRS will penalize you if you did not pay enough taxes throughout the year, even if you file and pay your tax return by 4/15? They don't like people keeping money owed to them all year. Imagine that. This is on top of late filing penalties and late payment penalties. See below for more technical details. Contact us if you have questions. It's too late for us to do any detailed tax estimates but we can definitely give you some guidance on this if you are concerned. 405-355-2723, [email protected]

General rules:
Who has to pay this?
- Anyone who owes more than a $1,000 on their tax return could possibly have an underpayment penalty
How much is the penalty?
- It starts at .5%, not to exceed 25% of the unpaid taxes
Is there a way to avoid this penalty (safe harbor)
- Depending on your AGI and status, if you paid 100-110% (through withholdings/payments) of the amount of your taxes for 2021 (this is total tax liability, not just what you owed at the end of the year) or if you paid 90% of the taxes owed this year then you could avoid this. There are other uncommon exceptions as well.

Send a message to learn more

1099’s must be filed and sent out by January 31st. Not sure if this is you? If you are self-employed (full-time or part-time) or a business then you are required to send 1099’s to any individuals (even if the individual is not a business) or businesses that you paid a total of over $600 for the year for any kind of services, including rent, attorneys, contractors that you paid for both goods and services if the service portion of the payments was over $600 for the year, and prizes. The IRS will ask you if you filed any required 1099’s on tax returns, including on the business portion of the personal return and these must be answered truthfully. You also want to ensure you issued 1099’s for any deductions you take for your business that would have required 1099’s to be issued.
The following are some additional questions you might consider:
-Do you know if you should file a 1099-MISC or 1099-NEC?
-Do you know these also have to be filed with the IRS?
-Did you know the IRS assesses steep penalties for 1099’s filed and sent out after the 1/31 deadline?
-Is someone telling you not to give them a 1099 and you don’t know why or if you should listen?
Contact us if you are not sure or have questions so we can help or file these for you. See contact information below.
[email protected] | (405) 355-2723

Currently taking new tax clients!
We have significantly increased our staff in preparation for this tax season but we expect a very busy season so it's never too early to contact us to save a spot for you.

We have 2-3 tax internships we are filling for the tax season on a part-time basis. This will run from about mid-January to mid-April. This has flexible hours to help work around school. The role would focus on tax work but may get exposed to some accounting work as well. Feel free to share/forward this to anyone that might be interested and/or contact me for more details or to set up an interview.