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WEBINAR: Year 15 for Low-Income Housing Tax Credit Partnerships

As Low-Income Housing Tax Credit (LIHTC) projects approach the end of the 15-year LIHTC compliance period (year 15), owners are faced with a range of options. Navigating these options is important for the future of the property.

SECURE 2.0 – The Countdown Is On!

Although many plan sponsors are already in operational compliance with the various SECURE 2.0 provisions, an important hurdle remains: these updates must be formally adopted and in official plan documents by December 31, 2026. Plan sponsors should take their time with these tasks – don’t wait until Q4!

5 Things to Review as a Reader of Form 990

The way that information is presented on Form 990 can impact how the public perceives an organization. This article outlines the five key areas to review as a reader of Form 990.

The Multiple Building Election on IRS Form 8609

The IRS Form 8609 is used by state tax credit allocating agencies to allocate low-income housing tax credits to a building. The Form 8609 is also used by the building owner to make certain elections related to the building. One such election is made on line 8b and indicates whether buildings are included in a multiple building project.

How can we help you thrive?

When was the last time anyone asked you this question? We ask it every day, understanding only one definition of thriving matters: yours.

Whether you’re an organizational leader seeking a deeper connection with your business and accounting advisor, a candidate searching for a vibrant and adaptable career path, or a community leader forging networks for positive transformation, change begins with connection.

At McKonly & Asbury, the heart of each of our relationships is collaboration, centered on Helping Others Thrive. We serve a wide range of industries—including Architecture, Engineering and Construction; Nonprofit; Manufacturing & Distribution; Healthcare; Affordable Housing; and Family-owned Businesses—delivering services that align with each client’s distinct goals and needs.

Our services include tax, audits, reviews and compilations, employee benefit plan audits, SOC audits, CMMC compliance, Sarbanes-Oxley assistance, business valuations, and state and local tax. Whether supporting organizations through compliance or helping drive strategic growth, we are committed to being a dependable and engaged advisor every step of the way.

Would you like to explore a relationship where the focus is on you? Let’s start a conversation today.

McKonly & Asbury Culture

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.

McKonly & Asbury Culture

Careers at McKonly & Asbury

Our uniquely collaborative and casual yet professional work environment empowers our team members to elevate their skills and advance in their careers. Our mission, Helping Others Thrive, is at the center of all we do, who we are, and who we serve.