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Kevin Garcia poses with his family. Garcia is striking out on his own with 11 years experience as a certified public accountant.

Pittsfield Native Opens Accounting Business

By Breanna SteeleiBerkshires Staff
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PITTSFIELD, Mass. — A city native is hoping to help fill a need for certified public accountants in the county. 
 
Kevin Garcia recently started his own accounting firm and is accepting new clients.
 
"It's just, it's like the American dream. Ever since college, I've always had that drive to try to start my own [company]," he said. "I just had an itch to just do it. I knew one day I was going to do it. And so I think at one point I was just like, 'I'm going to do it.'"
 
He said Berkshire County is short on CPAs and that fewer people are going into the accounting field. Another local CPA told him that he's having to turn away customers because the need is so high and there's not enough accountants.
 
"He says he gets, I don't know if these numbers are crazy, they're probably more tax season, about 50 to 100 calls a month about people needing CPA. Wanting to be clients," Garcia said. "And he pretty much turns them all away because he doesn't have the capacity."
 
That accountant thinks that younger people aren't going into accounting because they don't want to work crazy hours, Garcia said. "They want to do different things, and it's really a national shortage, like, there's a lot of people exiting this type of work. So it's kind of happening everywhere."
 
Garcia earned his bachelor's degree in accounting in 2014 from Northeastern State University in Oklahoma. After graduation, he stayed and worked at Briscoe, Burke & Grigsby LLP for more than eight years.
 
He moved back to the Berkshires in 2019 and was working for GHJ, a tax firm based in Los Angeles. Earlier this year, he decided he wanted to start his own firm to help clients in the Berkshires.
 
"I'm officially open for business now, accepting new clients. And I just want to say that I'm able to do this because God gave me the opportunity. So, just want to give Him all the glory here," Garcia said.
 
He said he loves this work and working with people and helping them.
 
"What I like about it is being able to work with somebody and have a relationship where you almost become like their friend, and you help them," Garcia said. "So I like helping people, and I like solving problems. So I work with them. I get to know them."
 
His new business, KG CPA Tax and Advisory, will offer tax planning and preparation services, accounting and payroll services, business advisory and structuring services, and high-net worth individual services. 
 
He expects close on an office at 374 South St. on July 18. Contact him through the company website.
 

Tags: new business,   accounting,   CPA,   

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Pittsfield Council OKs Tax Incentive, Historic District Study Committee

By Brittany PolitoiBerkshires Staff

PITTSFIELD, Mass. — The City Council has approved a tax agreement to transform a historical downtown property into housing, and an effort to designate a local historical district in that area. 

Last week, the council OKed a tax increment exemption agreement for Allegrone Company's redevelopment of 24 North Street, the former Berkshire County Savings Bank, and 30-34 North Street into mixed-income housing. Councilors also approved a study committee to consider a Local Historical District in the downtown. 

The subcommittee on Community and Economic Development unanimously recommended the TIE earlier this month. 

The historic 24 North St. with a view of Park Square has been vacant for about two years, and Allegrone Companies plans to redevelop it and 30-34 North St. into 23 mixed-income units. The total estimated capital investment for both sets of apartments is $15.5 million. 

The 10-year tax increment exemption freezes the current value of the property, base value, and phases in the increased property taxes that result from the redevelopment. The increased property taxes will be phased in over 10 years, with 100 percent forgiveness of the incremental increase in residential property taxes in the first year, decreasing by 10 percent each subsequent year over the term.

Last month, Gov. Maura Healey visited the site and announced housing initiatives that are expected to bring more than 1,300 units online, including units in Pittsfield and at the historic site. 

Ward 1 Councilor Kenneth Warren pointed out that the TIE triggers Allegrone's ability to receive state tax incentives and grants, recalling that they could see as much as $3 million. 

"We have a vacant bank building that's completely empty and everything, and we're going to be able to put something in it, and part of this project does have commercial, but it's a lot of apartments too," he said. 

"So I mean, it's a lot of advantage to the city of Pittsfield." 

Ward 7 Councilor Katherine Moody said the $15 million invested in the downtown will pay dividends to the housing crisis, and in her five years of working at General Dynamics, she saw young engineers moving to the area struggle to find a place to rent or buy.  Moody had many questions about the proposal, as her constituents did, but felt they were answered. 

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