KBKG to Exhibit and Sponsor the NJCPA Convention & Expo

06/03/2022

This year, Sumit Sharma, Paul McVoy, Alexis McClellan, and Justin Brumfield will be representing KBKG at the NJCPA Convention & Expo. This conference takes place from June 14th to June 17th at NJCPA Convention & Expo in Atlantic City. About the NJCPA Convention & Expo The NJCPA Convention & Expo knows that there are mega-changes … Read More

KBKG Speaking at New York Multifamily Summit 2022

05/02/2022

>Our Cost Segregation & Fixed Assets Principal, Sumit Sharma, will be speaking at NYMS this year during the Value Add panel discussion. Along with him, Alexis McClellan and Justin Brumfield will represent KBKG. The New York Multifamily Summit will take place on Thursday, May 12th in New York, New York. This event is New York’s … Read More

KBKG Tax Insight: Changes in Kansas Research and Development Tax Credit Incentive

04/22/2022

Earlier this month, the Kansas University Jayhawks men’s basketball team captured the school’s 6th National NCAA Championship with a 72-69 victory over the North Carolina Tarheels. In one of the most competitive college basketball years to date, Kansas was crowned number 1. Much like college basketball, states compete to attract businesses and innovation to spur … Read More

KBKG Promotes Sumit Sharma to Principal Overseeing Cost Segregation in the Northeast

03/21/2022

PASADENA, CA, – Nationwide tax specialty firm KBKG promoted Sumit Sharma, CCSP, to principal effective January 1, 2022. Sumit leads the firm’s cost segregation practice in the northeast out of their Manhattan-based office. As a Principal, Sumit specializes in Cost Segregation and Fixed Assets. Sumit has over 17 years of experience conducting fixed asset depreciation … Read More

KBKG Tax Insight: Minnesota Introduces an Alternative Simplified R&D Tax Credit

02/22/2022

In an effort to further stimulate the Minnesota economy, state Senator Julia Coleman and House Representative Kristin Robbins introduced S.F. 2970 and H.F. 3316, respectively. Both bills would add a new methodology for taxpayers to utilize in calculating its Minnesota R&D Tax Credit. It is modeled after the federal Alternative Simplified R&D Credit (ASC) methodology. … Read More

[Updated] KBKG Tax Insight: R&D Tax Credits – Protective 280C(c)(3) Elections

01/07/2022

Updated January 7, 2022 The Section 41 Research Credit was enacted in 1981 as a temporary code section and made permanent with the passage of the Protecting Americans from Tax Hikes (“PATH”) Act of 2015. The research credit is an incentive providing taxpayers across all industries, performing qualified activities, the opportunity to reduce their tax … Read More

Happy Thanksgiving

11/22/2021

We’re so thankful for all of your support throughout the year. We wouldn’t be where we are today without you. We gave thanks this year by donating to the following organizations. If you would like to contribute to any of these groups, we’ve included links below for your convenience. Alzheimer’s Association – Walk to End … Read More

KBKG New York Office Hires New Regional Director

09/29/2021

New York City, New York – KBKG, a nationwide tax specialty firm, hired a new Regional Director as part of their Northeast practice. David Zarin has over 25 years of experience working in business development and client relationship management roles in the professional services industry, specifically for large and midsize public accounting and management consulting … Read More

KBKG Tax Insight: Guide to Expensing HVAC Costs

04/19/2021

As featured in AICPA Tax Adviser – April 15, 2021 Heating, ventilation, and air conditioning (“HVAC”) replacement costs can be significant expenses for businesses that own or lease real estate. This guide is intended to help tax practitioners distinguish between deductible repairs and more extensive work that must be capitalized. Each year, tax professionals who … Read More

KBKG Tax Insight: Biden Will Have to Deal With Tax Revenue Shortfall From COVID-19

02/11/2021

As featured in Accounting Today When Joe Biden was inaugurated last month, he assumed all the responsibilities of the American presidency, including tax policy decisions. With the advantage of a Democratic majority in both houses of Congress, his administration will probably pursue tax policy options to raise revenues to offset the deficit attributable to the … Read More