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.

Summer often means vacation time. But if your employees don’t take accrued paid time off (PTO), it can be a problem. Dep...
06/03/2026

Summer often means vacation time. But if your employees don’t take accrued paid time off (PTO), it can be a problem. Depending on your policies and state laws, workers may lose unused PTO hours at year end. Harms to your business can include lower productivity and greater fraud risk. Encourage workers to use their PTO with a formal policy and regular reminders from supervisors. If you offer a 401(k) plan, consider a PTO contribution program. These programs allow employees to convert unused vacation hours to 401(k) plan contributions. Contact us for help evaluating your PTO policies and developing strategies to keep unused PTO from becoming a liability.

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not a...
06/02/2026

If you participate in a company 401(k) plan, there may be an option to add to your retirement nest egg that you’re not aware of: after-tax, non-Roth contributions. These contributions aren’t subject to the annual elective deferral limit ($24,500 for 2026, plus catch-up contributions if you’re age 50 or older). So, if your plan allows, you can make them after you’ve maxed out your deferral limit, including catch-up contributions, if applicable. They create tax basis in your account that can eventually be withdrawn tax-free. And growth on the money won’t be taxed until you start taking withdrawals. We can review your situation and help you determine whether you might benefit.

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify...
06/01/2026

Complex federal income tax rules apply to self-created intangible assets. Sales of self-created intangibles that qualify as capital assets — such as goodwill and customer lists — generate capital gains or losses (with gains typically taxed at 15% or 20%).

However, sales of noncapital self-created intangibles — such as certain patents and copyrights — may be subject to ordinary income tax rates, which can be as high as 37%. In short, the type of asset, who created it and who owns it can matter.

If you’re planning to sell or transfer intangible assets, we can help you understand the federal tax implications before your deal is finalized. Contact us to learn more.

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.

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

Website

Alerts

Be the first to know and let us send you an email when KBST&M CPA's & Consultants posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share