What We Do
Here at KBKG, we understand that all individuals, companies, and accounting systems are different. We are a client-centric firm with a primary objective of delivering value to those that we serve. We offer a wide range of services that cater to your specific needs and interests. Let's start a conversation and see what we can do together.
Give us a call at 877-525-4462
Who We Are
We are a tax solutions firm focusing exclusively on value-added tax services that complement our clients' traditional tax and accounting team.
The Pharmaceutical and Life Sciences industry currently faces a range of issues, including the rising costs of discovery and development, major losses of revenue due to patent expirations, and increased complexities due to demanding regulatory requirements. Moreover, developers of orphan drugs must overcome a host of additional challenges that make it difficult to recoup investments … Read More
On Thursday, July 6th, the Illinois state legislature successfully voted to override Republican Governor Bruce Rauner’s veto, giving the state its first operating budget in two years. Included in the $36 billion spending plan is an extension of the state’s research and development tax credit through December 31, 2021. The research and development (R&D) credit … Read More
Each year, tax professionals who deal with real estate must evaluate the most recent building expenditures and determine which items should be written off as a repair expense or capitalized. The most common, and often significant, item that is evaluated is roofing-related work. In many cases, only a portion of the roofing system is replaced, … Read More
On May 8, 2017, the U.S. Tax Court released Summary Opinion 2017-31 to conclude that a county assessor’s allocation to land and improvement values were more reliable than the taxpayers proposed values. The tax court noted they could not find any authority that suggests a taxpayer is qualified to allocate the value of the property … Read More
The R&D tax credit, which awards companies large and small for their innovative efforts and that was made permanent in 2015, could now be more lucrative with new bi‐partisan support. Senators Chris Coons (D‐DE) and Pat Roberts (R‐KS) have introduced a bill increasing the R&D credit up to 25% for companies that not only conduct … Read More
Internal Revenue Service in Action on Action on Decision 2017-02 announced that it will continue to litigate the issue surrounding placed in service dates for certain buildings that have received their certificate of occupancy but aren’t ready and available for their “specifically assigned function.” In the case of a retail building, the IRS appears to … Read More
The R&D tax credit is now permanent and for the first time ever, small businesses and start-ups can take advantage of this lucrative tax credit. Every year, billions of dollars are given to qualified businesses. Estimate your tax savings using our quick, simple R&D Payroll Tax Credit Calculator and save up to $250,000.
The Treasury Department and Internal Revenue Service (IRS) released interim guidance surrounding the payroll tax credit election available to certain small businesses under Section 41(h) of the Internal Revenue Code (IRC). The addition of the payroll tax offset was introduced as part of the Protecting Americans from Tax Hikes (“PATH”) act of 2015. Notice 2017-23 … Read More
OUR CUSTOMERS LOVE US
“KBKG helped us qualify for significantly more tax credits than we would have received. When our initial energy analysis was performed, most of our units did not qualify but were very close. KBKG’s energy consultants worked with our development team and made very cost effective recommendations to increase energy efficiency. After we implemented those suggestions, they found that the majority of our units now qualify, and the benefits are substantial.”Judit Vass, CPA, Senior Development Controller – Continental Real Estate Companies
“Under audit, the IRS had 3 of their engineers thoroughly review KBKG’s analysis and came back with no adjustments!”
- New Manufacturing Facility
- $25M Reclassified to Personal Property
“Since our initial engagement with KBKG was a success, we now engage them to review our fixed asset reporting annually.”Big 5 Sporting Goods Corporation