KHL Bookkeeping LLC

10/13/2026

What records do I need to keep?

Starting a business can be daunting due to the amount of paperwork you are expected to have on hand if the government or a tax authority makes a request. Here's a publication straight from the IRS outlining timing and which documents are most important. Take a close look as we near the end of the year at what you can do or track down now to save time later. Happy recordkeeping!

https://www.irs.gov/pub/irs-pdf/p583.pdf

09/28/2026

Considering an Entity Change?

Not every entity type fits your business at a certain point. It might be time to incorporate or make a corporate election to save on taxes. KHL Bookkeeping knows how to separate your books so tax time is not as much of a headache when you experience an entity change!

https://www.uschamber.com/co/start/strategy/when-to-change-business-entities

Find out if changing business entities will improve your risk profile, help you attract investors or lower your business taxes.

09/15/2026

Have you thought about using your retirement funds to start a business? Think ROBS!

There is a special way to use retirement funds to start a business. The compliance can be complication and KHL Bookkeeping can keep the details neat for you.

https://www.irs.gov/retirement-plans/rollovers-as-business-start-ups-compliance-project

Rollovers as Business Start-Ups Compliance Project

08/31/2026

Liabilities: Do they help or hurt? It depends!

Review the Liabilities on your Balance Sheet and determine whether you could use more leverage. Here is a list of typical loans available and some pointers on how they work.

https://www.johnsonfinancialgroup.com/resources/blogs/business-guidance/business-loan-options-every-business-owner-should-know/

When a business owner is seeking financing, there are four key financing options to consider. From lines of credit to term loans, here’s an overview of each business loan, highlighting their benefits and considerations to help you make informed decisions about your financing needs.

08/17/2026

Plan ahead for hiring your Bookkeeper

If you're looking to hire a bookkeeping firm, let us assist in getting you ready. Here is a list of regular cleanup to be taken care of before you engage. Alternatively, we can quote the cleanup for you while performing monthly services.

https://mercury.com/blog/bookkeeping-clean-up-checklist

Get your books ready for a bookkeeper with this bookkeeping clean-up checklist. Save time, reduce costs, and hand off your finances with confidence.

07/20/2026

Maximizing Your Philanthropic Impact: Planning Strategic Charitable Giving

As the holidays near, many Americans look for ways to help those in need, leading to a year-end rise in charitable donations. Not only can your donations help others but they also have the secondary benefit of lowering your taxable income. However, some tax-efficient charitable giving strategies are significantly more efficient than others. The following charitable giving approaches can help maximize both your philanthropic impact and your tax savings.

https://creativeplanning.com/insights/financial-planning/maximizing-philanthropic-impact-charitable-giving-strategies/

Maximize your philanthropic impact and help reduce taxes with strategic charitable giving, donor-advised funds, trust and estate planning insights.

07/06/2026

What to know about the 2026 tax season

“First, the standard deduction will see a small increase each year due to inflation. For families, the child tax credit will increase from $2,000 to $2,200 per child. For individuals itemizing their deductions, the cap on state and local taxes was $10,000. That’s now increased to $40,000. Senior citizens will see an additional $6,000 deduction, which they qualify for now under the One Big Beautiful Bill. In addition, tipped employees (bartenders, taxi drivers, waiters, etc.) can now deduct some, if not all, of their tips from their federal taxable income. For those with hourly wages, overtime is also deductible, as is the overtime premium. All these things combined will create a lower tax bill for many people this year than in the past.”

https://news.clemson.edu/headline-what-to-know-about-the-2026-tax-season/

With tax season in full swing, Ryan Polk breaks down the importance of tax preparation and how this differs from previous years.

07/06/2026

06/23/2026

2026 IRS Dirty Dozen Tax Scams: How to Spot Them and Protect Your Personal Information

Each tax season, scammers target unsuspecting taxpayers with evolving schemes designed to steal refunds and sensitive personal information. The Internal Revenue Service (IRS) publishes an annual Dirty Dozen list highlighting some of the most dangerous tax scams honest taxpayers should watch for. Working with an experienced tax professional and wealth manager can help you evaluate suspicious tax advice, avoid tax scams and better protect your personal information.

https://creativeplanning.com/insights/taxes/irs-dirty-dozen-tax-scams/

Learn the 2026 IRS Dirty Dozen tax scams and how to spot impersonation, identity theft and fake charity schemes to help you protect your personal information.

06/09/2026

Upcoming Tax Laws Changes

The standard deduction increased to $16,100 for single filers and $32,200 for married filing jointly for tax year 2026.
The annual contribution limit for Roth IRAs will be $7,500 in 2026.
Key deadlines for expiring clean energy tax credits are December 31, 2025 and June 30, 2026.

https://tax.thomsonreuters.com/blog/upcoming-tax-law-changes/

The IRS 2026 inflation adjustments arrive on top of significant structural changes from the One Big Beautiful Bill Act, reshaping Americans' taxes.