Since 1945, Kernutt Stokes has been turning information into opportunity for our clients.
For more than 75 years, we've been using our knowledge of the region to help our clients succeed.
We believe our people are our greatest asset.
We deliver ideas and solutions that go beyond the present by anticipating our clients future needs and goals.
Discover Our Difference
We recognize that our people make us great.
We value our reputation; we do the right thing.
We strive to deliver what we promise.
Industries We Serve
At Kernutt Stokes, we’re committed to helping our clients become more profitable and more competitive. We accomplish this by offering not just a broad range of accounting and business consulting capabilities and services, but also a deep working knowledge of a number of key industries.
Recent Articles & Resources
FASB Modifies Risk-Free Discount Rate Practical Expedient for Lessees That Are Not Public Business Entities
Year-end tax planning is more challenging than usual this year due to the uncertainty surrounding pending tax legislation that could, among other things, increase top rates for ordinary income, capital gains and net investment income tax starting next year. Whether or not tax increases become effective next year, the standard year-end approach of deferring income and accelerating deductions to minimize taxes will likely continue to produce the best results for all but the highest income taxpayers.
With many employers still having employees work from home due to COVID concerns, company holiday celebrations may look different than pre-pandemic times. However, this doesn’t mean that you can’t have festive times with your employees as there are still lots of fun ways to celebrate the holidays.
What you should know about 1099 changes for 2021, as well as year-end reporting and compliance requirements if you have employees.