KKB’s Not-for-Profit services team is comprised of Partners and professionals with the highest level of technical expertise required to address charitable organizations’ accounting and regulatory needs. We collaborate closely with our clients to develop innovative and creative solutions that allow the leaders of today’s not-for-profits to focus on the needs of their communities. Leveraging decades of industry experience with clients, our experienced professionals help organizations implement best practices, mitigate operational and compliance challenges, and recognize opportunities. KKB’s Not-for-Profit services team provides a full range of accounting and advisory services, including:
- Tax preparation and compliance
- Financial reporting including audited, reviewed and compiled statements
- Specialized yellow book audit reporting
- Outsourced accounting services
- Strategic planning
- Employee benefit plan audits
- Internal control audits and reporting
At KKB, we are devoted to positively impacting our local and regional communities. We apply this passion to provide not-for-profit organizations with the guidance and best practices necessary to grow and prosper.
Maximize the QBI deduction before it’s gone
/in Tax/by KKB CPAsThe qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can. Continue Reading Maximize the QBI deduction before it’s gone
Cash vs. accrual accounting: What’s the difference?
/in Tax/by KKB CPAsIs your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors. Continue Reading Cash vs. accrual accounting: What’s the difference?
Tax-wise ways to take cash from your corporation while avoiding dividend treatment
/in Tax/by KKB CPAsAs you may know, dividends paid out by a corporation are taxable to shareholders and can’t be deducted by the business. But there may be ways to get cash out of your closely held corporation without dividend treatment. Continue Reading Tax-wise ways to take cash from your corporation while avoiding dividend treatment