K Y Tax Service & Bookkeeping

07/24/2024

You probably won’t remember January’s expenses when you wrap up your yearly account in December and that’s okay! That is why we are here to help – give us a call at (408) 763-7856. Don’t make the mistake of some business owners who wait until the last minute to start thinking about your accounting. This often leads to financial troubles as a result. Take control of your finances by keeping up-to-date monthly bank reconciliations to prevent year-end scrambling.

07/23/2024

Starting a new blog series. Please have a read. Pertinent to your city as well

Running a small business in San Martin, CA, comes with its share of financial responsibilities, and one of the most daunting tasks can be managing your taxes. Many small business owners overlook several tax deductions that can significantly reduce their tax liability. Here are ten tax deductions tha...

07/23/2024

Tax scams are designed to look official, and AI is often used to improve their quality and design making their schemes more difficult to detect. Only open or approve something if you expect it and know what it is. If you accidentally open a page or a document, a scammer can easily add malware to your device, monitor your activity, and steal your personal information. Report any suspicious and unsolicited emails to the IRS. Have questions about a message’s legitimacy? Call us at (408) 763-7856 today.

07/22/2024

We are committed to your success and provide a comprehensive range of business consulting services to assist you in making strategic decisions. The days of manual business processes are over; we help you make better judgments on-the-spot which lead to profitable business ventures. Get real answers from a business consultant! Give us a call at (408) 763-7856.

07/20/2024

Have you ever thought about setting up a private family foundation? Through philanthropy and effective management, this can help your family leave a significant impact on society and important causes that are close to your heart for years to come.

Establishing a private family foundation is a powerful way to create a lasting legacy while making a positive impact on society. By leveraging philanthropy, strategic giving, and effective management, families can leave a meaningful imprint on causes they care about for generations to come. In this....

07/17/2024

If you call the IRS about your account, be aware that you will have to verify your identity. Be cautious about accepting help with your account from anyone outside of the agency’s authentication process. Be wary of anyone asking for personal information - such as birthdates, addresses, Social Security numbers, photo identification, bank information, or credit and debit details – out of context. The IRS will never ask you for these.

07/16/2024

We can’t exercise once a quarter and expect to be in great shape. Just like fitness, effective bookkeeping requires our attention and energy on a regular basis. Ideally, you should log expenses and payments received as they occur. If not applicable for you, set aside 20-60 minutes once a week to record transactions and review financial statements. Books behind? Get caught up by contacting us at (408) 763-7856 to discuss how we can help you!

07/12/2024

As a business owner, navigating tax debt and knowing your options for resolving it effectively is essential. By being proactive, the strategies you can take towards tax relief and relieving the burden of financial stress can be easy! Don’t let tax challenges overwhelm you and your business.

Navigating tax debt can be a daunting challenge for any business owner. Whether you're struggling to meet your tax obligations due to unexpected financial setbacks or facing penalties for past non-compliance, it's essential to explore your options for resolving tax debt effectively. From negotiating...

07/09/2024

Alternative public offerings are a mixture of reverse mergers with a private investment of public equity. It permits businesses to an initial public offering. Stop being your own accountant. Talk to us today at (408) 763-7856 about how our comprehensive service can benefit your business!

07/08/2024

As business consultants, we will work alongside our accountants to create financial predictions and budgets for you. Together as a team, we will set reasonable financial objectives, manage resources wisely, and compare actual results to the budget. Give us a call to get started today at (408) 763-7856.

07/05/2024

Working in a foreign country comes with its own set of challenges and tax implications. Before jet-setting across the globe, there are some important factors you should consider regarding your international tax responsibilities.

Embarking on a journey to work in a foreign country is an exciting and rewarding opportunity, but it comes with its own set of challenges and considerations, especially when it comes to international tax implications. Before you pack your bags and head overseas for work, here are several important t...