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Discover The Difference

Since 1945, Kernutt Stokes has been turning information into opportunity for our clients.

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Trust The Experienced

For more than 75 years, we've been using our knowledge of the region to help our clients succeed.

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Meet Our People

We believe our people are our greatest asset.

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Experience Our Innovation

We deliver ideas and solutions that go beyond the present by anticipating our clients future needs and goals.

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Discover Our Difference

People

We recognize that our people make us great.

Integrity

We value our reputation; we do the right thing.

Excellence

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.

Our Team

Recent Articles & Resources

Dec 13 2021

Year-End Tax Planning

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...
Dec 09 2021

Three Types of Holiday Celebrations with Employees

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...
Dec 07 2021

1099 & Year-End Reporting/Compliance Requirements for 2021 and What’s Changing in 2022

What you should know about 1099 changes for 2021, as well as year-end reporting and compliance requirements if you have employees.
Dec 06 2021

Moving Assets From an S Corporation to a Partnership

From an income tax perspective, business owners often view S corporations and partnerships as fungible forms of doing business. Although both entities generally avoid...
Nov 30 2021

FASB Modifies Risk-Free Discount Rate Practical Expedient for Lessees That Are Not Public Business Entities

The FASB issued ASU 2021-091 (“Update”) to amend the level at which private company lessees can elect the risk-free rate accounting as a practical expedient. Under the...
Moving Assets From an S Corporation to a Partnership

Moving Assets From an S Corporation to a Partnership

From an income tax perspective, business owners often view S corporations and partnerships as fungible forms of doing business. Although both entities generally avoid an entity-level tax by “passing-through” their income to their owners, partnerships often have significant advantages over S corporations.

President Biden Signs Bipartisan Infrastructure Bill

President Biden Signs Bipartisan Infrastructure Bill

President Biden signed the “Infrastructure Investment and Jobs Act” on Monday, November 15, 2021, after the U.S. House of Representatives passed H.R. 3684 on Friday, November 5, 2021, in a 228 to 206 bipartisan vote. The Senate had approved the same version of the bill on August 10, 2021.