Karen H. Kerby

CPA

Partner-in-Charge - Financial Services
New Jersey - Basking Ridge

908.766.9800 / Ext. 11332Contact

Professional Experience

Karen H. Kerby is a Partner in the Audit department of Prager Metis CPAs, a member of Prager Metis International Group. She is also the Financial Services Practice Leader and has been in the financial services industry for over 35 years, including 24 spent in public accounting.

Karen specializes in conducting audits of investment partnerships (including hedge funds, fund of funds, and private equity funds), and providing consulting and accounting services for fund managers. She is also experienced in conducting audits for broker-dealers, Registered Investment Advisors and various nonprofit organizations.

Prior to working in public accounting, Karen worked as an industry “insider” through positions at a major broker-dealer company and a notable commodity trading firm. This experience allows her to understand how her clients’ operations are structured, how the workflows, and what challenges and opportunities exist for them.

Karen enjoys working with her clients to keep the audit process moving smoothly with open lines of communication which allows them to remain informed and avoid surprises along the way. In her spare time, Karen likes to travel and is a frequent golfer.

Professional Affiliations

  • American Institute of Certified Public Accountants
  • New York State Society of Certified Public Accountants – Investment Management and Private Equity Committees
  • New Jersey Society of Certified Public Accountants
  • 100 Women in Finance

Education

  • BS, Business Administration, Bucknell University, Lewisburg, Pennsylvania

Civic Affiliations

  • Platinum Minds – Leadership Council Chairperson
2022-02-28T16:57:39-05:00
Tax
Aug 19, 2019
| Karen H. Kerby, CPA
|

New Opportunity Zone Regulations: What They Are and What They Clarify

In December of 2017, the Tax Cuts and Jobs Act outlined a new program called “Opportunity Zones” (OZs) that offered tax breaks for investing in underdeveloped/distressed communities via Qualified Opportunity Funds (QOFs). In October 2018, substantially more detail on the OZs was provided, and in April 2019, the IRS and Treasury Department issued a 169-page document that detailed regulations governing OZs. According to the IRS, a QOF is set up either as a partnership or corporation (LLCs qualify also) for investing in an eligible property located in one of the OZs.

Read More »