Kashyap Bakhai, CPA/ABV, CAA, MST, is a principal in the Tax and Accounting Department and is a member of the firm’s Executive Committee. He heads the Sports and Entertainment Group at MBAF. Kashyap has been in practice since 1985 and has represented numerous large and mid-size family owned businesses, professional athletes and entertainers, estates and trusts, broker-dealers, hospitality, telecommunication companies, real estate investors, wholesalers/distributors, international clients, automotive dealerships, community banks, technology startups and restaurant franchisees.
He combines his technical tax knowledge with his broad business experience to meet the unique needs of each client. He services the clients in a proactive and concerned manner. Kashyap has successfully represented numerous clients against the Internal Revenue Service and various state agencies. He has consulted and provided forensic and expert testimony in the music industry, athlete financial matters, trust, estate and fiduciary accounting matters. Kashyap is also an IRS Certified Acceptance Agent (CAA) and provides pre-immigration tax planning to new U.S. tax residents.
Since 1996, Kashyap has provided business valuations analysis for large and mid-size businesses, investment partnerships and business entities. His experience also includes numerous due diligence projects both from the buy and sell side as well as assisting clients in identifying prospective business and growth opportunities.
Kashyap is regarded in the professional community as one of the best tax minds in South Florida, having lectured and written extensively about complex tax matters. He has written on such topics as the tax benefits of LLCs, year-end tax planning, qualified Subchapter S subsidiaries, business valuation, international taxation and tax issues facing professional athletes and entertainers. He is the author of the book “The Sports Accounting Playbook”, winning Tax and Financial Strategies for Professional Athletes.
American Institute of Certified Public Accountants
Florida Institute of Certified Public Accountants – Miami-Dade Chapter, Past President; Federal Income Tax Committee, Past Chairman; Estate Planning Committee, Past Chairman
Accredited in Business Valuation (ABV)
IRS Certified Acceptance Agent (CAA)
National Association of Certified Valuators and Analysts (NACVA)
FIU Council 100
Greater Miami Chamber of Commerce – Leadership Miami
South Florida Hindu Temple – Board Member
United Way of Miami-Dade – Tocqueville Society
Florida International University – Master in Taxation
State University of New York – Master of Accounting
University of Bombay, India – Bachelor of Science in Commerce
Miami Heat fans were agonized by Dwyane Wade leaving his team of 13 years for the Chicago Bulls, but the financial damage to the team should be minimal, according to most experts. The three-time champion, Finals MVP and 12-time All-Star was the face ...
Florida’s popular Sales Tax Holiday starts August 4th! Just in time for “back to school” savings, Florida will have a “Sales Tax Holiday” scheduled to start on Friday, August 4th, 2017, at 12:01 a.m. and will end Sunday, ...
Typically, lenders must wade through detailed financial statements and footnotes to get a sense of a borrower’s financial status at a given moment. But especially when a company is floundering or in between reporting periods, it’s helpful ...
Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and Uni-k, are available. For some business owners ...