KLR

KLR is so much more than an accounting firm.

Accounting firm in Newport, RI (show on map)

KLR offers a full range of financial and management assurance services to help your business reach its full potential.

Call (401) 274-2001

About

KLR is a leading accounting and advisory firm offering services such as accounting & assurance, business valuation, executive search, information security, IT consulting, website design & development, digital transformation, CFO advisory + outsourcing, private client services, public company services, growth & transition services, tax, and transaction advisory services across diverse industries including family-owned businesses, healthcare, hospitality, life sciences & medical devices, manufacturing, nonprofit, professional services, real estate, renewable energy, technology, and venture capital & private equity.

Integrity

Client-centric

Community

Collaboration

Innovation

Services

Accounting & Assurance

KLR offers a full range of financial and management assurance services to help your business reach its full potential.

Financial assurance Management assurance

Business Valuation

Guiding Business Leaders with Smart Solutions to Build a Stronger Future.

Market analysis Financial modeling

Executive Search

KLR Executive Search Group specializes in finding top-tier executives for organizations.

Strategic recruitment Industry expertise

Information Security

Protecting your data through comprehensive security solutions.

Risk assessment Compliance guidance

Information Technology Consulting

Tailored IT solutions to enhance operational efficiency.

System integration Cloud migration

Website Design & Development

Creating impactful digital presences for businesses.

Responsive design SEO optimization

Credentials & Certifications

Forbes 2026 Best-in-State CPAs

Since May 12, 2026

Best Place to Work in Rhode Island

Since April 22, 2026

Top 100 Accounting Firms in the US

Since March 25, 2026

Frequently Asked Questions

What is Public Law 86-272 and how does it impact businesses selling across state lines? +

Public Law 86-272 might help shield businesses from state income taxes when selling products online across state lines, but only in certain situations. Businesses should review the specific criteria to determine eligibility.

What are the key differences between buy-side and sell-side quality of earnings? +

Buy-side quality of earnings focuses on the financial health and sustainability of a target company, while sell-side quality of earnings emphasizes the attractiveness and potential profitability for buyers. Both are crucial in M&A transactions.

How do R&D tax credits benefit businesses? +

R&D tax credits provide financial incentives to businesses investing in research and development, potentially saving thousands of dollars over multiple years by reducing taxable income.

What is the purpose of a cost segregation study? +

Cost segregation studies identify personal property assets that can be depreciated faster, potentially saving property owners thousands of dollars in taxes over several years.

What is the significance of the SALT deduction increase to $40,000? +

The increase in the SALT deduction to $40,000 reduces the amount of state and local taxes that can be deducted on federal income tax returns, but a hidden phaseout could still affect high-income earners.

How can a SOC 2 report be reviewed before signing a contract? +

To review a vendor’s SOC 2 report, examine the report’s scope, controls, and attestation to ensure it meets your organization’s security and compliance requirements before proceeding with the contract.