The Kally Group, Inc.

An Entity Structuring, Accounting, Taxation advisory (ESAT), and Entrepreneur Education Firm  (since 2004)

"In business, each transaction is a taxable event."

 

From inception to dissolution, taxation has a fundamental role in the choice, structure, basis, financial and managerial management, and reporting that affects the going concern of business.  The Kally Group is an ESAT advisory and entrepreneur education firm specializing in providing advice, services, and solutions to clients, with emphasis on maintaining compliance with the ever-changing tax code.

 

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.

 

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