K2N Advisors & CPAs in Windham, NH, is a full-service business advisory firm offering attest services, tax services, and accounting support for individuals and businesses in New Hampshire, Massachusetts and throughout the United States. But what sets us apart from other CPA businesses is the high level of personalized customer service you receive when working with our team. We are not just your CPA. We are here to act as your trusted strategic business advisor. Our vast experience provides valuable insight from a wide array of business fields and we are here to provide thoughtful and empathetic guidance when it comes to your difficult business and financial decisions. For quality service and a dedicated and responsive team, contact the CPA professionals at K2N today.
The importance of early planning for internal succession or external sale
An ownership transition may be one of the most important financial events and career milestones in a business owner’s life. Planning early—whether for internal succession or an external sale—can help improve business continuity, transaction value and terms, timing and after-tax proceeds.
Below are key considerations for business owners when planning an ownership transition.
One Big Beautiful Bill Act (OBBA) extended or made permanent many provisions from the TCJA, however there are many surprises that will impact most of the economy. Below are the highlights we see having the greatest impact
The One Big Beautiful Bill Act (OBBBA, P.L. 119‑21) was signed into law on July 4, 2025 and provided many significant tax policy changes for businesses.
Estimated tax penalties - a nuisance and sometimes unwelcome surprise.
Predicting what we will owe each year before the year is complete can be complicated, and sometimes it can seem unfair to owe penalty on taxes that are not really due yet, however the authority has been granted to to the IRS to make sure we are paying tax obligations throughout the year, which is basically a normal process for most employed individuals.
The estimated tax process is designed to have the same "throughout the year" effect.
The Department of Treasury is requiring Beneficial Ownership Information reports to be filed beginning January 1, 2024. This requirement is born out of the Corporate Transparency Act of 2021 to bulwark against financial crimes.
We advise every statutory entity evaluate its compliance requirements with respect to this Act and related rules to avoid potential criminal and civil penalties for violations can be up to $500 per day not filed and/or $10,000 and two years imprisonment.
Executive Summary
The most coommon 1099 filing requirements are businesses service purchases and must be filed by January 31st following year of payment. The IRS and many states can subject you to civil penalties per missed filing.
Changes in recent years with 1099K, 1099-NEC, and 1099-MISC along with many misconceptions tend to lead to confusion most of which can easily be avoided.
In this issue, you will learn:
Within many business components of business activity may include a personal benefit. When these benefits are more than deminims, specialized reporting and tax treatment is generally warranted. In these cases, the IRS regards fringe benefits as a form of compensation or a reduced deduction.
Some examples of fringe benefits are:
We'll help you navigate reporting requirements and methods for some of the more common fringe benefit most businesses face.
+K2N Advisors & CPAs , means “Adding Knowledge to Numbers”.
Growth is one of the primary objectives of every business, and businesses can grow through mergers or acquisitions.
Estate planning is not just for people who are retiring or the very wealthy. If you have anything of value, whether it be a car, a home, or a sentimental possession, you will want to ensure they are passed down to your loved ones.
It can feel like every possibility is on the table when starting a business, which is an overwhelming thought. That is why vision is key. By envisioning the costs and profits associated with a venture, entrepreneurs can set themselves up for success. The following tips for business budgeting can help make the difference between great beginnings and humble resets.
OSGroup (Windham, NH) seeking professionals w/ 3+ yrs direct CPA Firm competencies seeking professional life balance and growth.
