Understanding the Applicable Fraction: A Key Driver of Low-Income Housing Tax Credits and Compliance

In the world of Low-Income Housing Tax Credits (LIHTC), there are several essential factors for Developers to understand in order to maximize their tax credits. One of the most critical metrics to track is the applicable fraction, which affects project feasibility, investor returns, and long-term compliance.

Preparing for a Single Audit: Understanding Major Program Determination

It is prudent for nonprofit organizations to understand the major program determination process. By estimating which programs may be selected for testing, organizations can better prepare by organizing documentation and ensuring appropriate personnel are available during the audit.

See the Five Step Process

HITRUST i1 Assessment Background and Benefits

Organizations continue to be challenged by vendors and customers to provide the appropriate information security measures necessary and to demonstrate compliance with a multitude of frameworks. The HITRUST CSF provides a robust and comprehensive framework that integrates various regulatory frameworks, including HIPAA, NIST, and ISO.

Learn More About HITRUST Benefits

WEBINAR: AI Without the Hype: A Practical Framework for Governed, Real-World Adoption

Everyone is talking about AI. Fewer people are actually integrating it well. This webinar strips away the vendor promises and conference buzzwords to address what organizations actually face: AI is already inside your business, moving without governance, while your most experienced people are walking out the door with knowledge no one has captured.

Save Your Seat

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.

Services

Tax

Cybersecurity Maturity Model Certification

Business Valuation Services

HITRUST

SOC Audits

Audit & Assurance

Industries

Architecture, Engineering, and Construction (AEC)

Manufacturing & Distribution

Entrepreneurial

Franchises

Affordable Housing

Healthcare

Featured Articles

HITRUST i1 Assessment Background and Benefits

Key Takeaways Moderate-Level HITRUST Assurance: The i1 certification validates 182 cybersecurity and privacy controls for organizations with more mature and developed security programs/controls. Effective & Efficient: The i1 scope allows organizations to leverage their mature processes/control to achieve a more robust certification that provides vendors/customers with a… Read more

Are You Happy With Your SOC Provider? – Key Differentiators to Look For

Key Takeaways Rising Demand for SOC Services: Growth is driven by increasing privacy regulations, cloud adoption, and vendor risk management expectations – making SOC 2 reports a standard requirement in many industries. Provider Stability Matters: Lower staff turnover ensures continuity, stronger client relationships, and more efficient audits over time. Timeliness & Flexibi… Read more

Understanding the Applicable Fraction: A Key Driver of Low-Income Housing Tax Credits and Compliance

In the world of Low-Income Housing Tax Credits (LIHTC), there are several essential factors for Develo… Read more

Mindset: It Starts Here

As the days get longer with spring in full gear, does your mindset get increasingly more upbeat? Many do e… Read more

From Compliance to Cash: How Internal Audit Drives Cash Flow and Profitability

Key Takeaways Beyond Compliance: Internal audit can be a strategic driver of cash flow and profitabili… Read more

View All

McKonly & Asbury Culture

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

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

Core Values provide the foundation for our culture and uniquely represent who we are, define how we conduct ourselves and portray how we interact with our colleagues and clients. These Core Values personify the type of employees that we look for when we recruit, as well as what we should strive for as we advance in our careers.

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.