Financial Planning for New Parents: Budgeting for Baby

Financial Planning for New Parents: Budgeting for Baby Becoming a parent is one of life’s most rewarding experiences, but it also comes with a host of new responsibilities, including financial planning. From diapers and formula to education and healthcare, the costs associated with raising a child can add up quickly. Planning ahead can help alleviate…

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Unlocking Efficiency and Growth: How Outsourcing Bookkeeping Services Can Benefit Your Business

In today’s fast-paced business landscape, entrepreneurs and small business owners face a multitude of challenges. From managing day-to-day operations to focusing on growth strategies, the demands can be overwhelming. Amidst this complexity, maintaining accurate and up-to-date financial records is essential for success. However, managing bookkeeping tasks in-house can often become a burden, consuming valuable time…

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Navigating Financial Waters with Precision: Bookkeeping for Nonprofits

In the realm of finance, nonprofit organizations stand as beacons of positive change, driven by a mission rather than profits. As these entities embark on their noble journeys, their bookkeeping practices take on a unique significance, demanding careful consideration of factors that distinguish them from their for-profit counterparts. Join us as we explore the specialized…

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7 Bad Financial Habits and How to Fix Them

In today’s fast-paced world, it’s easy to fall into bad financial habits that can have a negative impact on our financial well-being. However, by identifying these habits and taking corrective action, we can regain control over our finances and pave the way to a more secure future. In this blog post, we will explore seven…

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Top 5 bookkeeping software for small businesses

Bookkeeping is an essential part of running a small business, but it can be a time-consuming and challenging task. Fortunately, there are many bookkeeping software solutions available on the market that can simplify the process and help you keep your finances organized. Here are the top 5 bookkeeping software options for small businesses: QuickBooks QuickBooks…

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Using credit cards & avoiding debt

Credit cards are a convenient and accessible tool to manage your expenses and build a credit history. However, if not used responsibly, they can quickly spiral into a cycle of debt and financial hardship. In this article, we’ll explore the basics of how to use credit cards responsibly and avoid debt. Firstly, it’s essential to…

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Holiday scammers are at an all time high.

Scammer’s favorite time of year is the holiday season. Whether it’s Christmas, Hannukah, Valentine’s Day, or any other holidays; if you are buyin gifts online, scammers will do everything they can to trick you. During these high buying seasons, online shopping is the go-to way to get gifts. Online scams are increasing by the day…

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Bitcoin & Retirement

Over the last couple of years, Bitcoin has made a huge impact in the investing world. This past spring, it was announced that employers may now offer employees Bitcoin in their retirement plans. Many investors swear by this new currency and claim it will be the next up and coming currency. Fidelity said that “employers…

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Cyber Insurance: Why you need it

With the increase of cyber attacks happening everyday, cyber liability insurance is available to cover you in case of financial exposure. Your general or professional liability insurance probably has some basic coverage for cyber liabilities, but it doesn’t hurt to have a separate policy. Cyber insurance is pretty new so there aren’t policy standards like…

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College Loans – Federal vs. Private

Applying for financial aid and loans pretty much go hand in hand when figuring out all the details when preparing to go to college. It is first and foremost important to know the difference between federal loans & private loans to decide which will be best for you. Federal student loans and federal parent loans:…

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Spring cleaning on a whole new level!

If you are anything like us, every year as the weather gets warmer we get into spring cleaning mode! Between tidying up the house and our bookkeeping organization, it is always a busy spring season. Kim Komando, writer for LNP news articles, had a great take on helping spruce up your digital presence with her…

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New Year New Bookkeeping Goals!

With the New Year finally hear, we are all ready to start our New Year’s resolutions! If your resolution is to get organized with your business books or find someone to help you manage it all. You’ve come to the right place! The Kael Compnay Inc. would love to chat and see what we can…

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Take back your time!

Running a business is hectic enough with various day to day activities. Organizing accounts and bookkeeping should be the least of your worries. A study showed 40 percent of small business owners who said they spend over 80 hours a year. Think of how much you could get done in that time! The Kael Company…

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Breaking Down The Stigma Of Budgeting

The word budgeting seems to scare a lot of people in to  avoiding it at all costs. It doesn’t have to be such a scary or intimidating thing despite some horror stories you may have heard! The first step in breaking down the stigma of budgeting is to properly and clearly define what it means…

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Reviewing the IRS online accounts.

If you thought calling the IRS and getting someone on the phone was difficult, the online account system has many challenges as well. Along with the difficulty of creating the account and getting verified, there are many glitches that need to be worked out. According to Michelle Singletary from the Washington Post, “You might end…

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Setting Up Yourself For Success: 401(k)

For young adults, it is extremely important to start their 401(k) early to build up that savings for later on in life. Saving a million dollars sounds like close to impossible, but in reality it is more attainable than we originally thought. There are 4 major questions everyone must answer, especially when starting a 401(k).…

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Confusion for 2020 Tax Season

The Coronavirus has turned everyone’s world upside down since the beginning of the year. One thing financial experts have started looking into is how the effects of COVID-19 will effect the 2020 tax season. Some of the foreseeable tax issues include teleworking, home office deductions, and payroll tax. Teleworking may create a problem for those…

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Tax Refund Delay

This tax season has been quite an unusual one. With the deadline extended, and money being deposited constantly, delays with receiving refunds from the IRS have been increasing for some. Due to the events of the coronavirus and worry of spreading disease, the mail in option for submitting taxes was put to a halt. As…

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Updates on Relief Programs

The information available for relief from COVID – 19 for small businesses is staggering. Add to that that the information changes daily, it is no wonder the business owner is left reeling. Below, I will outline three of the most talked about programs with information aimed at the business of less than 100 employees; and…

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Giving Gratitude

In addition to a message of hope and courage to face these unprecedented times, we add gratitude. We are grateful The Kael Company’s purpose has been deemed Life – Sustaining! The Kael Company, Inc. is following CDC guidelines and beyond to ensure the safety of our staff, families, and community. We are grateful for our…

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Corona Virus Update

Our hearts go out to us all over the current climate of uncertainty. We especially feel for those who have had to close storefronts and physical locations, thus limiting, or eliminating, services provided. We at the Kael Company are very fortunate to be able to continue to work with our clients remotely. We are here…

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Let’s talk about taxes!

Let’s talk about taxes. More specifically, YOUR taxes. No matter how simple they try to make it, filing your businesses taxes is rarely easy! Besides the usual confusion behind specifics, the government sometimes makes changes to the tax laws, too. Many Americans have voiced their frustrations with recent deduction law changes and updates issued to…

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Labor Law Posters – FREE!

Our clients get the emails/mailings from different companies saying that you must buy government forms/labor law posters from private companies. Most of the forms and posters you need are available FREE on government websites.  This also includes the revised version of the Form I-9 (www.uscis.gov/i-9). The U.S. Department of Labor’s Poster Advisor site, www.dol.gov/elaws/posters.htm will…

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Look out for Unclaimed Money!

                Are you aware that you may have unclaimed money out there?  Most people don’t realize that financial institutions, businesses and government agencies are legally bound to return unclaimed money to any person to whom they owe.  Unclaimed property laws, which are administered through each state allow for individuals to make claims on these funds. …

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New Year, New Tax Laws

In December of 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law, marking one of the biggest changes to tax law since 1986. The year 2018 has come and will soon be going, and now it’s time to start worrying about how the new law is going to affect us. We know…

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