Tag Archives: CPA

CONGRATULATIONS ALEX KLEINERT ON MBA

Congratulations to Alexander P. Kleinert, Staff Accountant at BKC, CPAs, on earning his Master of Business Administration from Shippensburg University of Pennsylvania.  Alex previously received his Bachelor of Science in Business Administration, Major Accounting from Shippensburg and has been with BKC since 2020.  Read more BKC Firm News here. Learn more about Careers at BKC, Read More…

HOW TO ENSURE YOUR FUNCTIONAL EXPENSE ANALYSIS ACCURATELY DEPICTS YOUR ACTIVITIES

By: Amy Guerra, CPA The financial statement presentation for not-for-profit entities (NFP) experienced an overhaul with Accounting Standards Update (ASU) 2016-14, “Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.”  Prior to the ASU, only voluntary health and welfare organizations had a requirement to include the statement of functional expenses as part of Read More…

CONGRATULATIONS TO LAURA ATWELL ON BECOMING A REGISTERED MUNICIPAL ACCOUNTANT

Congratulations to Laura Atwell, CPA, RMA, PSA, Manager in our Governmental Entity Group, for becoming a Registered Municipal Accountant! We are proud to have her on our BKC Team!   This certification is issued from the New Jersey State Board of Accountancy and requires extensive knowledge of governmental accounting & auditing practices, rules, regulations, and passing Read More…

WORTHLESS STOCK MAY PROVIDE A TAX BENEFIT

The disruptions caused by the COVID-19 pandemic have driven significant losses for many businesses, causing some to permanently close. Owners of these and other distressed businesses should consider whether they are eligible for a deduction attributable to an investment in worthless stock. Generally, if the stock is a capital asset and becomes wholly worthless during Read More…