KBST&M CPA's & Consultants

KBST&M CPA's & Consultants Certified Public Accountants & Consultants

We are KBST& M, a full-service public accounting firm serving businesses, nonprofit organizations and individuals in the Baltimore/Washington metropolitan area and throughout the United States. Our experienced partners are dedicated to overseeing every aspect of your financial interests and we operate under the premise that every situation is unique; requiring services tailored to your needs.

Alternative investments may offer nonprofits increased diversification and stronger return potential. But they also can ...
05/28/2026

Alternative investments may offer nonprofits increased diversification and stronger return potential. But they also can introduce liquidity challenges, higher fees and unexpected tax exposure. Before investing in private equity, hedge funds or other alternative assets, your organization should carefully consider the financial and operational risks involved. Contact us to discuss whether this investment strategy aligns with your nonprofit’s goals and risk tolerance.

As personal budgets tighten and membership expectations evolve, retaining members has become challenging for many nonpro...
05/21/2026

As personal budgets tighten and membership expectations evolve, retaining members has become challenging for many nonprofits. Strong renewal strategies focus on personalized engagement, flexible participation options and clear communication of member impact. Some organizations are also finding success with strategies that specifically address members’ budget concerns, such as installment payment options or tiered memberships. Limited-time incentives can also make renewals more manageable for members. Need help assessing the financial impact of your retention strategy? Let’s connect.

Is your business paying for insurance coverage you don’t need — or missing protection where risk may be significant? You...
05/20/2026

Is your business paying for insurance coverage you don’t need — or missing protection where risk may be significant? You may have many options to choose from, depending on your organization’s operations and risks. General liability is the most basic policy, and it’s often paired with product liability, professional liability and property coverage. Other products include employment practices liability, business interruption, key person and cyberinsurance policies. Work with an independent broker to learn more about each type. We can also help you evaluate potential coverage gaps and manage business risk cost-effectively.

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organiza...
05/19/2026

If you donate artwork to charity, the deduction you can claim depends on several factors, including the type of organization receiving the piece and how it will be used. Your deduction will generally be reduced if the charity’s use of the artwork is unrelated to the purpose or function that’s the basis for its qualification as a tax-exempt organization. The reduction equals the amount of capital gain you would have realized had you sold the artwork instead of giving it to charity. Other deduction limits as well as special substantiation and appraisal rules also may apply. If you’re considering donating artwork or other valuable property, contact us for help ensuring the best tax outcome.

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns usi...
05/11/2026

Small business owners, beware: Tax identity theft is a costly, ongoing threat. Criminals may file fraudulent returns using a business’s EIN, impersonate executives to steal employee W-2 data, or use forged IRS documents to pose as a business for financial or tax-related activity.

Protect your organization by implementing a cybersecurity plan, securing sensitive data, training employees and using technology tools such as encryption and multi-factor authentication. Working with a trusted tax professional is also critical. We can review your risks, recommend safeguards and determine the next steps if something looks suspicious. Contact us to learn more.

Nonprofits often outgrow sporadic, campaign-based fundraising that leads to unstable revenue. Transitioning to a consist...
05/07/2026

Nonprofits often outgrow sporadic, campaign-based fundraising that leads to unstable revenue. Transitioning to a consistent, strategic approach helps build momentum and strengthen donor relationships. Start by forming a fundraising committee, reviewing past efforts, and setting clear plans and budgets. Then regularly evaluate progress and adjust as needed. Contact us for help reviewing your current fundraising strategy and implementing targeted adjustments.

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are...
05/06/2026

Some small business owners assume that offering their employees a retirement plan is cost prohibitive. But two plans are particularly suited to employers with fewer than 100 workers: SEP and SIMPLE IRAs. Only employers can make contributions to SEP IRAs — which provide high contribution limits — but you aren’t required to fund accounts when cash-flow constraints make it difficult. SIMPLE IRAs allow both employers and participants to make higher annual contributions than participants could with self-owned IRAs. Plus, your business’s contributions are tax-deductible. Contact us to review your budget and benefit needs and suggest an appropriate plan.

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability ...
05/05/2026

Many taxpayers discover at filing time that their tax payments during the year didn’t align with their actual liability — either too much or too little was withheld from their paychecks. Keeping withholding aligned with expected tax liability can help you enjoy better cash flow during the year and avoid unwelcome surprises at filing time.

If you received a large refund or owed a lot of tax when you filed your 2025 return, it may be beneficial to fine-tune your withholding for 2026. Adjustments may also be a good idea if you experience a major life event, such as having a child.

We can help you review your withholding (and estimated tax payments, if applicable) and make any needed changes.

Does your business own commercial real property? A closer look at your building costs could change how quickly you can d...
05/04/2026

Does your business own commercial real property? A closer look at your building costs could change how quickly you can deduct those expenses.

Business buildings generally have a 39-year depreciation period. A cost segregation study separates various building components, such as electrical systems and flooring. It then allows these components to be reclassified and deducted over a much shorter period, thereby deferring taxes and boosting cash flow. Recent tax law changes enhanced these benefits by increasing first-year depreciation write-offs.

Contact us to discuss whether this strategy is right for your business. We can determine reasonable cost allocations to help withstand IRS scrutiny.

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergi...
04/29/2026

Joint ventures and other strategic alliances can help your business expand its market reach, achieve operational synergies and improve profitability. A well-structured arrangement may also give your business the chance to “audition” for a future merger. Keys to a successful alliance are thoroughly vetting your partner, putting a strong agreement in place and focusing on financial objectives. Regularly evaluate the relationship and, if it becomes a drain on resources, revise or end it. However, if it’s mutually beneficial, consider a permanent merger. Contact us to help ensure any alliance supports your long-term goals.

Address

307 International Circle, Suite 620
Timonium, MD
21030

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+14103080300

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