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Firm Services

Tax Advisory

Members of K&A’s tax advisory team are dedicated professionals who have in-depth experience advising individuals and businesses on complex tax transactions at the local, state and federal levels.

Businesses

As a business owner himself with over 15 years of experience saving taxes for his clients, our founder simplifies the narrative to his clients this way:

No financial statement = Too much tax.

At K&A, our process begins with a thorough review of the client’s financial records to ensure that necessary year-end adjustments are made and that our client is not missing out on any deductions. It is a well-documented fact that, each year, small business owners overpay taxes. At K&A, we take the time and proactively partner with you to ensure that you do not pay more than your fair share of taxes.

In summary, our business tax focus primarily includes:

  • Partnerships, LLCs and corporate entities
  • Minimizing tax liability for the shareholders and members
  • Reviewing financial records and recommending necessary adjustments to accurately report current-year activity
  • Proactively identifying tax-saving opportunities and advising clients on utilizing legal tax efficiencies
  • Maintaining an ongoing tax planning process to ensure that our client is not blindsided to short- and long-term tax consequences of their business decisions

Individuals

At K&A, we pride ourselves in offering quality professional advice and accounting services with excellence and integrity. Unlike many tax services that are closed outside of the tax season, we are open year-round, offering a more holistic personal tax and financial advisory. Our team of financial advisors, tax experts and CPAs collaborate to ensure that your earnings and assets are properly safeguarded and protected from uncontrolled financial risk and excessive tax payments.

We accomplish this through:

  • Our opening interview
  • Our comprehensive interview questionnaire to identify potential deductions
  • Preparation and thorough review of 1040 tax returns to identify ways to save you money through tax credits and other strategies
  • Proactively partnering with you through ongoing dialog to identify various life events, such as marriage, childbirth, college savings, savings and investing, retirement, and estate planning, to ensure that you are not missing out on any benefits.

At K&A, we put a significant amount of time and effort into providing value for our clients. While different people measure value differently, we believe that our value comes in the form of:

  • quality tax advice
  • tax savings
  • excellent customer service
  • reliability
  • convenience
  • peace of mind; and,
  • year-round accessibility.

Tax Resolution

Are you currently being audited? Have you received a tax notice? Why not let our tax professionals assist you with properly responding to these notices and representing you on any type of audit? We have successfully represented many clients before the Internal Revenue Service and can definitely support you with:

  • Tax Audit Representation
  • Tax Collection
  • Tax Levy and Liens
  • Interest and Penalty Defense
  • Other (Installment Agreement, Offer In Compromise, Currently not Collectible)

We review each case thoroughly to understand your situation and advise in ways to legally minimize your tax liability or totally eliminate the taxes. To help regain your peace of mind, call us today to schedule your free consultation with our CPAs.

Accounting and Bookkeeping

Are you a growing business that needs professional financial advice but can’t afford a full time controller or CFO? Or are you a budding entrepreneur who needs assistance with bookkeeping services so that you can free up time to focus on your true passion: your business? Let K&A be your partner of choice on this journey. At K&A, we take a different philosophical approach to measuring success and fruitfulness. Beyond the traditional bottom-line metric of measuring success, we believe that we succeed more when our clients succeed in their chosen venture. Indeed, we strive to be the strategic finance partner that rounds out your team.

CFO/Controller Services

The cost of hiring and retaining a full-time controller or CFO can run well over $100,000 per year, not including bonuses and benefits. However, we bring you decades of combined big four accounting, Wall Street and industry expertise at a fraction of that cost.

Among the services you receive as part of our controller and CFO package are:

  • Financial reporting and analysis
  • Preparation and analysis of budgets, forecasts and financial trends
  • Cash flow projections and monitoring
  • Design, development and implementation of financial controls in conformity to best industry practices and compliance with Generally Accepted Accounting Principles (GAAP)
  • Review and negotiate third-party contracts

Bookkeeping

Some small business owners take pride in their ability to keep accurate books themselves while running excellent businesses. Nevertheless, if the sound of bank reconciliation, job costing and tracking and payroll processing evokes feelings of severe migraine and distraction from profitability, then K & A’s bookkeeping services are for you. Among the benefits our clients enjoy with our bookkeeping services are:

  • Proper coding and classification of expense type
  • Accurate tracking and expense analysis
  • Accurate expense allocation across different jobs or functions
  • QuickBooks payroll
  • Online payroll services
  • Weekly, bi-weekly, semi-monthly or monthly payroll processing
  • Electronic filing of quarterly payroll tax returns
  • Annual filings including W-2s, W-3s, and Q4 reports
  • Workers comp pay as you go
  • Human Resource subscription services

For a free consultation, please contact us at 914-831-9277 or complete and return the inquiry form below:

  • Name
  • Company
  • Email
  • Phone number
  • Preferred call time
  • Additional comments

Consulting

Are you starting a new venture, product or service? Are you looking to expand your current company, service or product offering? Are you considering buying a new business or forming a joint venture? Do you feel like your current operations can benefit from a turnaround due to declining business? Let K&A consultants be your bridge to seamlessly get you to your desired strategic destination. K&A’s consulting professionals perform highly customized and complex analyses while making recommendations to suit your particular circumstance.

Business Consulting

For the entrepreneur looking to start a new business venture, K&A can:

  • Assist with incorporation
  • Help you register for a federal Employer Identification Number
  • Assist with setting up a business bank account
  • Evaluate and help implement an accounting system

Transaction Advisory

For growing businesses hoping to reach the next level, interpreting your financial information to make relevant business decisions, such as expanding services and product lines and growing revenues, is critical. Our advisors can help you to determine whether:

  • You should open the new office or branch
  • You should lease or buy equipment or office space
  • You should apply for a business loan to expand your operations
  • You should implement a particular operational system, given the costs/benefits
  • You should proceed with a staffing strategy for your new venture identifying the skills, attitudes, and expertise required to build a particular venture.

Valuation

K&A’s valuation professionals assist our clients with:

  • Financial reporting
  • Discounted cash flows
  • Tax planning and compliance for certain M&A transactions
  • Investment analysis

Compensation Advisory

Are you a small business owner who is grappling with how much compensation is reasonable for yourself? Or are you a business owner who needs reassurance regarding how much to pay your employees? Let the K&A team help you to develop a compensation report that is defensible against an IRS challenge.

 S Corporations (S Corps) remain a popular business formation type among small business owners. Increasingly, the amount of reasonable salary or compensation that is paid to shareholder-employees of S Corps is often a contentious issue in various IRS audits of S Corps. K&A’s reasonable compensation consulting can help our clients to accurately address:

  • IRS Audits
  • Divorce
  • Tax Planning
  • Entity Planning
  • Estate and Retirement Planning
  • Succession Planning

Asset Management

When was the last time your CPA had a conversation with you about your investment portfolio? Are you currently losing money in the stock market? Do you feel you are on track to retire financially free? If you lost your job or became permanently disabled, would your loved ones afford their current lifestyle? While these rhetorical questions make for a good opening to an insurance pitch, they are real-life situations that people are confronted with every day. Working with a K&A advisor can help you to seamlessly navigate these types of questions with confidence. Currently, K&A’s asset management services cover asset protection, IRA and 401k rollovers and personal financial planning. To learn more about our services, contact us at 914-831-9277.

  • Asset Protection
    • Threats of inflation
    • Various investment types for specific economic situations
    • Insurance
  • IRA and 401k rollovers
    • Traditional IRA
    • SEP IRA
  • Personal financial planning
    • Debt management
    • Savings and Investment
    • Tax Planning