Kittrell & Klaskin, LLC

04/08/2025

Alright folks, hands up if you've filed your taxes! 🙋‍♂️🙋‍♀️ And for those still raising their hands... don't worry, we won't judge! We've got some last minute tips for you. Be sure to reach out to us for more info!

04/07/2025

Tax Day is right around the corner! 📅 Don’t let missing documents or last-minute scrambling add to your stress. Our Tax Documents Checklist and Tax Deadline Calendar will help you stay on track and help make sure you have everything you need to file on time.

Check them out here:
Tax Documents Checklist: https://bit.ly/4iCMkHz
Tax Deadlines Calendar: https://bit.ly/41PG8oq

We're always here to help if you have any questions!

Get organized and maximize your tax deductions with Padgett Advisors' Small Business Tax Documents Checklist. Don't miss out on potential savings!

04/04/2025

It's spring cleaning time! Here's how to give your workspace the refresh it needs:

🗑️ Organize and clean your workspace: Start by decluttering and tidying up your office space! Sorting through paperwork and supplies can feel daunting, but trust us, it's worth it.

📎 Update Equipment and Supplies: Is it time for an upgrade? Take a look at your office equipment and supplies. Whether it's printers, computers, furniture, or stationery, investing in quality tools can make a world of difference in your workflow.

☁️ Back up Data: Protect what matters most—your business data! Ensure that all your valuable files are securely backed up. Consider cloud-based solutions or external hard drives for peace of mind against data loss. A little precaution now can save you from headaches later.

💻 Update Software and Security: Stay ahead of the game by keeping your software and security systems up to date. Check for updates and patches regularly to safeguard your business against cyber threats.

🌐 Audit Online Presence: Give your online presence a glow-up! Take a moment to review and refresh your business website, social media profiles, and online listings. Accuracy and relevance are key!

04/03/2025

April 15th is Tax Day! Be sure to check everything's that's due below and reach out to us with any questions. 👇

04/01/2025

Big news for U.S. businesses! A new interim final rule exempts U.S. businesses from reporting beneficial ownership information (BOI). However, certain foreign entities still have deadlines to meet. Read more in FinCEN's article below. https://bit.ly/4l48WlP

We're here to help if you have any questions! You can also check out FAQ's on the Interim Final Rule here: https://www.fincen.gov/boi/ifr-qa

WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to ...

03/28/2025

Happy National Mom and Pop Small Business Day! 🎉

We’re proud to support and partner with small businesses every day. These hardworking entrepreneurs are the heart of our communities, putting in long hours and wearing multiple hats to keep things running.

Today, we’re highlighting just how much dedication it takes to run a small business.

And when you're out shopping this weekend, show your support by choosing local. Tag your favorite mom-and-pop businesses in the comments!

03/26/2025

Change is inevitable in business, but the right transformation can set you up for long-term success. Whether you're modernizing operations, adapting to new customer demands, or restructuring for growth, having a clear plan is key.

Learn how to navigate a business transformation with confidence—and when to know it's time for a change. Read the full blog below!

Some changes can be managed with small adjustments, but in certain cases, a larger, more strategic shift is necessary.

03/24/2025

Small business owners, did you know you have someone advocating for you at the national level?

Roger, the president of Padgett, works behind the scenes to make sure small business owners like you stay informed and supported. From tackling issues like BOI compliance to bringing small business concerns directly to Congress, we're always looking out for you. Watch this quick video to learn more about how we’re working to help businesses like yours!

03/21/2025

Planning for the future of your business is just as important as running it today. Whether you want to pass it down to family, sell to employees, or find an outside buyer, a solid succession plan protects what you've built.

Explore five options and their tax implications in our latest blog. We're here to help you navigate the process—because your legacy matters.

A succession plan protects what you’ve built and ensures a smooth transition. Here are five options to consider with their tax implications.

03/20/2025

Your accountant may recommend extending your return, but what does that actually mean for you? A tax extension gives you more time to file (until Oct. 15), but not more time to pay—so estimating and paying any taxes owed by April 15 is still key!

Swipe through to learn why extensions are helpful, how they work, and what you need to do if you file one.

📅 Federal tax deadline: April 15, 2025
📅 Extension deadline: Oct. 15, 2025

Have questions? Drop them in the comments or ask your accountant! 👇💬

03/17/2025

Celebrate St. Patrick’s Day with Kittrell & Klaskin! 🍀 While luck is great, a solid tax strategy is even better. Our team is here to help you maximize deductions and keep more of your hard-earned money. Don't leave your taxes to chance—reach out today and let us help you make the most of this tax season!

03/14/2025

Tax filing mistakes can be costly and stressful! Knowing what to look for can help you file smoothly and get your refund faster. Here are the most common errors taxpayers should avoid.

03/12/2025

Choosing the right business structure is a big decision. An S Corp can offer tax benefits and protect your personal assets, but is it the right choice for you?

In our latest blog, we break down the key advantages, tax implications, and things to consider before making a decision.

Have questions? We’re here to help!

https://www.padgettadvisors.com/blog/choosing-the-right-business-structure-is-an-s-corporation-right-for-you/

An S corporation (S corp) might be a great option, offering tax benefits and liability protection. But is it the right fit for your business?

03/10/2025

March is National Women's History Month! Did you know that the first female CEO was hired in 1889, and the first female CEO of a Fortune 500 company was hired in 1972? At Kittrell & Klaskin, we're proud to support women entrepreneurs all across the US and help foster growth. Let's make history together!

03/05/2025

March is a busy month with important deadlines for business owners! Check below to see if any apply to you. If you’re unsure, reach out—we’re here to help you navigate tax season every step of the way!

02/28/2025

Running a business from home? You may qualify for a home office tax deduction! 🏡💼 Learn the rules, methods, and how to maximize your savings in our latest blog. Read more:

If you run a business from home, you may be able to claim a tax deduction that lowers your taxable income.

02/26/2025

🔑 Small business owners & taxpayers—do you have your IRS account set up? If not, you could be missing out on important tools to manage your taxes!

With an IRS account, you can:
✅ Make tax payments easily 💰
✅ Access past tax records 📂
✅ Stay on top of your tax information year-round 📊

Setting up your account is simple, and we’ve put together a step-by-step guide to walk you through it!

Follow these steps to set up access to your IRS account. Have more questions about taxes/accounting for your business? Find a Padgett location near you!

02/19/2025

Did you get married in 2024? If so, that's a good reason to work with a tax professional this year! As well as dealing with name or address changes, a professional can help you determine whether filing separately or jointly will be more beneficial. Read more about the differences below, then reach out to us to get started.

It's tax filing season! If you’re married, you may wonder if you should file joint or separate tax returns.