Kashyap Bakhai, CPA, ABV, CAA, MST, is a principal in the Tax and Accounting Department and is a member of the firm’s Management 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, high net worth individuals, V.C. founders, professional athletes and entertainers, hospitality, telecommunication companies, real estate investors, wholesalers/distributors, international clients, automotive dealerships, technology start-ups, and restaurant franchisees.
He combines his technical tax knowledge with his broad business experience to meet the unique needs of each client. 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 services the clients in a proactive and concerned manner. Kashyap has successfully represented numerous clients against the Internal Revenue Service and various state tax agencies. He has consulted and provided forensic and expert testimony in the music industry, athlete financial matters, trust 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. He has authored on topics such as the tax benefits of LLCs, year-end tax planning, qualified Subchapter S subsidiaries, state tax domicile, small business stock (QSBS) planning, business valuation, and international taxation. 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 of 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
Did you know that Florida collects sales tax on commercial rent? The state tax is applicable to commercial rentals and residential rentals if rented for 6 months or less. This unusual tax on the owners of commercial real estate has been in effect in ...Explore
International Tax Services Advisory - IRS eases the Burden of Offshore Voluntary Disclosure Programs
In a continued effort to combat offshore income tax evasion, the IRS announced in a recent press release that it has made significant changes to its offshore voluntary compliance programs. The changes provide new options designed to help taxpayers re ...Explore
Consejero de Servicios de Impuestos Internacionales - MBAF entra en un acuerdo con el IRS sobre agentes de aceptación certificados
Si se fijan bien en la firma de los autores del Consejero de Servicios de Impuestos Internacionales, se darán cuenta de algo diferente, una nueva credencial siguiendo los nombres de los señores Bakhai e Incera – CAA, de “Agente ...Explore
If you look carefully at the byline of this Tax Services Advisory, you will notice something different, a new credential following the names of Messrs. Bakhai and Incera – CAA, for “Certified Acceptance Agent.” That is because per a ...Explore
Eighteeen MBAF professionals, CPAs and directors, were distinguished by the South Florida Legal Guide in the category of Top CPAs and Litigation Support Professionals. MBAF has consecutively been recognized by the publication for its litigation suppo ...Explore
With much about tax reform remaining up in the air, wealth advisors are urging their clients to proceed cautiously and keep some tried-and-true adages in mind. “We still have a long road ahead to arrive at tax reform,” said Jamie Byington ...Explore
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 ...Explore