LKM Accounting Services, LLC
2623 S Stoughton Rd, Suite C
Madison WI 53716
Phone: 608-239-4907
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Author Archive for: L_McConkey
Entries by L_McConkey
Concerned about the Future?
So not to scare you.. ok, maybe to scare you a little bit, every time the Republican’s have had a Super Majority in American Government (House, Senate & Presidency) they have crashed the Economy. So far in history that’s 3 for 3 or 100% of the time! In 1907/1908 during the Banking Panics; 1928 when […]
New Overtime Rules for Employees – What you need to Know
11/30/2016 – DELAYED! As of right now, the new overtime rules do NOT go into effect tomorrow. On November 22nd, a US District Court Judge in Eastern Texas granted an Emergency Motion for a Preliminary Injunction which stayed the implementation of the updated Overtime rule. In my opinion (take it for what it’s worth) this […]
Where is my refund??
Tax Refunds Not in your bank yet? So you are panicking! Your tax accountant said it should about 10-14 days (give or take) and most individuals are getting their refunds back – but it’s day 10 and you haven’t seen yours yet. Well, hang in there! Unless you filed your return in early February, your […]
Filling out your Federal W-4 Form
If your employer hasn’t already, they should have given you a new W-4 form to update your Withholding exemptions. These should really be updated each year and adjusted according to what your tax liability was for the prior year. Now, being it’s only January, you most likely won’t have your W-2 or Tax Returns completed […]
Breaking News!
Congress has reached a Budget deal which incorporates and reauthorizes some tax breaks and incentives for individuals and small business. Below is a list of items that are PERMANENTLY extended!! The credits being permanently extended include: An expanded Earned Income Tax Credit for low-income earners; The Child Tax Credit for low and moderate income workers; […]
Online / Cloud Accounting Software
All the rage now-a-days is to move your accounting/bookkeeping to a Cloud based/Online software provider. But is that really such a good idea? Is it really right for YOUR business? I’m old school. I was taught and learned on old mainframes that required large cooled rooms with a large IT staff to support the system. […]
1099 Requirements – What you need to know
Forms 1099 are “information returns” that businesses are required to file annually with the IRS. The forms are used to report amounts a business paid out that should be reported by the recipients as income. Form 1099-MISC, Miscellaneous Income, is probably the most familiar to business owners. But Form 1099-MISC is just one of a […]
2623 S Stoughton Rd, Suite C