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We are excited to announce that Knott CPA is relocating to a new office on October 28th. As our valued clients and partners, we want to ensure a smooth transition for everyone involved. B

As of January 1, 2024, a new reporting requirement under the Corporate Transparency Act (CTA) took effect. At Knott CPA, we know this change may raise questions, and we're here to provide

As the year quickly draws to a close, it's crucial to make sure your 401(k) plan is on track. Here are six key steps to take before the end of the year to maximize your retirement savings

As tax season comes to an end, the potential for IRS audits can become a concern for many. While audits are not common, they do happen, and it's important to be prepared. At Knott CPA, we

Managing a 401(k) plan for your business can be challenging, especially when former employees leave their savings in your plan. While this might be convenient for some former employees, i

Embrace the Post-Tax Season: Boosting Tax Efficiency As we close another tax season, it's crucial to remember that our work is far from over. N

As the sun shines brighter and the days grow longer, it’s the perfect time for business owners to consider hosting summer team-building activities. Not only are these gatherings great for

As April 15th swiftly approaches, it's not just another day on the calendar for individuals with business or other non-withheld income. For those who make estimated quarterly tax payments

As the dust settles on another tax season, many of us are left wondering about the status of our tax refunds. Understanding how to track your refund can save you a lot of time and unneces

In the ever-evolving world of financial planning, a significant change is on the horizon for families looking to optimize college savings through 529 plans. With the introduction of the 2

The year 2024 brings significant changes to IRS policies regarding home energy audits, especially pertinent to high-income individuals. Knott CPA, a leading expert in tax advisory, delves

As we approach the year-end, it's a prime moment for high-net-worth individuals to contemplate and fine-tune their financial strategies. To ensure you're maximizing opportunities and mini

As the leaves begin to change and the air turns crisp, it's a sure sign that fall is upon us. While many associate this season with pumpkin spice lattes and cozy sweaters, it's also an op

In the world of business, understanding the ins and outs of your financials is essential. For entrepreneurs and business owners, a grasp of bookkeeping terminology can mean the difference

If you're involved in the world of real estate investment, you've likely heard of the term "1031 tax exchange" or "like-kind exchange." But what does it really mean, and how can it benefi

Running a successful business involves a lot more than just providing great products or services. Managing your finances, understanding tax implications, and making informed decisions abo