WELCOME TO KAHN & ASSOCIATES, INC.
Professional Accounting Firm Specializing in Accounting Services, Individual and Business Tax Preparation and Tax Planning, Estate and Trust Planning, Business Formation Services, Payroll Solutions and much more.
The Kahn name has been synonymous with outstanding service in Lawrence since the 1950’s. The current Kahn & Associates, Inc. practice has been serving Lawrence since 1979. Our clients range in size from small family owned businesses to larger organizations. We provide services to Individual Sole Proprietors, Farms, Rentals, LLC’s, Partnerships, S Corporations, C Corporations, Estates, Trusts, Accounting Solutions and Payroll Management.
Our firm is structured to provide one-on-one personalized service to our clients. Because of low personnel turnover, our firm assures you of excellent continuity and the availability of personnel familiar with you and your business at all times. We provide quick responses to your questions and encourage our clients to regularly communicate with us. We pride ourselves in having the expertise of a corporation and the service of a family business.
Please feel free to browse our website to see the services we offer as well as the many helpful resources we provide. When you are ready to learn more about what we can do for you, we encourage you to contact us.
The IRS requires that business owners file a Form 1099-Misc by January 31, 2017 for every individual or non-corporate LLC that you paid over $600 in 2016 for trade or business services. If you pay a lawyer corporation for trade or business services they must also receive the form. Failure to file the form for 2016 could result in a penalty that could be as much as $1,000 per each omitted, late or incorrect 1099-Misc. The 1099-Misc must be provided to the taxpayer by January 31, 2017 and this year the IRS’ copy must also be provided by January 31, 2017 or those penalties will apply. The problem you may encounter is those sub-contractors that don’t want you to issue them one, so make sure you get them to fill out a W-9 form before you issue them a payment.