The Kally Group, Inc.
An Entity Structuring, Accounting, Taxation (ESAT) Advisory, and Entrepreneur Education Firm
Established in 2004 as a tax accounting advisory firm, The Kally Group specializes in tax laws, regulations, and compliance concerning entity structuring, accounting, and taxation for micro and small to medium-sized enterprises. Primary services include providing fundamental and specific financial management and tax strategies to businesses, trusts, estates, and individuals
TKG’s Entrepreneur Education Division conducts in-person and online educational presentations for business owners and individuals interested in business ownership. Our social media platform, The Makings of Entrepreneurs and Taxation in a Nutshell provides insights, ideologies, and information that may assist in making informed business decisions. The Kally Group’s youth initiative, Introducing Youth to Entrepreneurship, presents business concepts and tax information in a manner that can be easily understood by children, adolescents, teenagers, and young adults.
Elements of a Taxable Event
Entity Structuring
- Which entity?
- Contractor or employee?
- Own or lease capital assets?
- How should profits be distributed?
(tax) Accounting
- Basis
- The accounting process - recording, posting, communicating
Taxation
- Reporting income from all sources
- Valid deductions and credits
- Filing correct return
A taxable event is comprised of two factors, income and deductions. Knowing the components of income and valid deductions and credits allowed by the taxing agencies will result in a compliant experience for your business.
SUCCESS in business...
The choice is yours.
The Going Concern of Business
Once formed, an entity will continue for an indefinite period.
Learn how TKG can assist with your entity's
success and going concern. [view]
Socio-Economic Development
The Kally Group's Entrepreneur Education Division
The Kally Group's socio-economic development program consists of entrepreneur edication and our youth initiatives. This program, managed by The Kally Group' Entrepreneur Education Division, is endorsed and supported by:
KRAVE Juice and Smoothie Cafe
Chesapeake, VA 757.410.2780
"What do you KRAVE?www.kravejuiceand smoothie.com
juicebarchesapeake@gmail.com
EPG Insurance Agency
Life Health Dental Seniors Insurance & Retirement Solutions
Licensed in: GA, AL, FL, NC, SC, VA, MD, NY and NJ
epg@insuranceepg.com
Pampered Pfixtures, LLC
"Installation and consultation on all things plumbing."
www.pamperedpfixtures.com
pamperedpfixtures@gmail.com
Entrepreneur Education
There is more to owning and operating a business than making money. Knowledge acquired through our seminars include:
- An Introduction to Entrepreneurship
- The Business Plan and Pro Forma
- Incorporating (choosing an entity)
- Accounting
- Taxation
- The Going Concern of Business
Youth Initiatives
The Kally Group's youth initiatives, "Introducing Youth to Entrepreneurship" and "What Youth Should Know about Taxes" offers facts, insights, and understanding of the realities of business ownership and the fundamental roll that taxation has in our social and economic development.
Introducing the Characters of Business
D. Hookup
I. B. Broke
Who Knows
Jessica B. Wealthy
The Characters of Business were created to describe the personalities and roles individuals play when considering or operating a business. Their purpose is to illustrate that although owning and operating a business is a complex and serious endeavor, quite often, it is the choices made that determine success.
Strengthening The Mind and Body
The Entrepreneur Education Division's socio-economic development's mission is to educate, empower, and elevate our youth's knowledge base, enabling them to compete and make factual informed decisions. To achieve this, we have partnered with Meir Schmeider, Ph.D, LMT, founder of San Francisco's School for Self-Healing and French D. Pope, Jr., former Junior Mr. DC and Pan American Physique Champion, and now a Certified Group and Personal Trainer to offer insights on personal health and wellness. These insights can be found on our "News" page.
Choosing The Kally Group to assist in your business endeavors will not guarantee success; no firm can ethically make that claim, but it may lessen your chance of failure.
Our Mission
Building accountable and proactive business communities.
Illustration Disclosure - In accordance with the U.S. Copyright Act of 1976, the duplicating, uploading, and electronic sharing of the illustrations within this web site without the permission of the owner constitutes unlawful piracy and thief of the owner's intellectual property. Thank you for your support of the owner's rights.
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