Resources

Is It Always a Good Idea to Amend Your Tax Return?

Your tax return is filed and you’ve even received your refund check. Naturally, you had hoped to be done with taxes for another year. But what do you do if you discover a mistake on your return? Should you file an amended return? Depending on a few circumstances, filing a 1040X may not end up working in your favor. Before you decide, here are some things to consider.

Read More >>

Warning: Hurricane Harvey Cyber Scam

We wanted to inform you about a few scams that are circulating following Hurricane Harvey. It’s a sad reality that cyber-criminals eagerly exploit tragic circumstances in order to take advantage of their targets. In the aftermath of Hurricane Harvey, a number of new scams have cropped up.

Read More >>

Business Valuation 101: Approaches for Valuing Private Businesses

Performing a valuation of a publicly-traded company is fairly straightforward. When a company’s stock is actively traded on an exchange, the market sets the price and the transaction can be completed in a matter of seconds. A privately-held company, on the other hand, is a different story. An evaluation of a privately-held company requires financial models, investment and return expectations, and ownership constraints to establish an opinion as to what the market may pay.

Read More >>

Retirement Planning for the Self-Employed: SEP IRAs vs Individual 401(k)s

There are plenty of advantages to self-employment, but there are also a lot of additional responsibilities that aren’t part of the picture when you’re an employee. One of the biggest advantages and drawbacks is the lack of structure for benefit plans. As a self-employed person (with no other employees), you have the freedom to set your own policies, schedule and so forth. So, you may be wondering where to start when it comes to selecting a retirement plan. We’re here to help.

Read More >>

401(k) Benefit Plan Audits: What You Need to Know

It’s already midyear, and that means it’s the perfect time to review the audit requirements for your company-sponsored employee benefit plans. One of the most important and complex audits is the annual audit of your 401(k) plan. Here are some general tips and guidelines to help you understand when you’ll need an audit and what to expect during the process.

Read More >>

What Our Clients Say About the CK Way

At Cray, Kaiser Ltd., we believe the relationships we build with our clients makes us more than just an accounting firm. Client satisfaction is our number one goal, which is why we regularly solicit feedback at the conclusion of projects through an online satisfaction survey. Through the use of the Net Promoter Score (NPS) method, we are able to determine if we are providing our clients with long-term value while developing their loyalty.

Read More >>

The QuickBooks Online 411: New Features and Best Practices

With over 2.2 million registered online users, QuickBooks Online is far and away the most popular accounting software solution for small businesses. With ample room for customization via third party applications, QuickBooks Online is striving to be the leading choice for cloud-based accounting software. But are you getting the most out of QuickBooks it?

Read More >>

Illinois’ Midyear Tax Hike Surprise

Last week the Illinois Senate and House passed the state’s budget bill. Part of the new budget requires the individual and corporate tax rates to be raised. The state also made some changes to credits, deductions and additions to income. Below you will find some highlights of the new rules.

Read More >>