Accounting & Business Advisory Blog

As the year draws to a close, it's generally manufacturers' last chance to implement strategies to reduce their 2024 tax liability. Several provisions of the Tax Cuts and Jobs Act (TCJA) can still provide substantial…

A gradual decline in expected gross profits over the course of a project is known as "profit fade." It not only undermines the financial performance of construction companies, but also may raise red flags with…

No one can predict with certainty where the U.S. economy will be at the end of 2024 or in 2025. The presidential election, interest rates, inflation, overseas conflicts and the recent stock market performance all…

The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief…

Some small to midsize businesses engage in regular strategic planning, others let it fall by the wayside and adhere to a more "fly by the seat of our pants" ethos. You probably wouldn't be surprised…

One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it's not in the budget. However, if you're calling the shots,…

Let's say your company wants to commemorate the long career of a retiring employee instrumental in its success. It hosts an evening celebration that culminates with the presentation of a plaque and an expensive gift.…

We’ve taken a big step at Kirsch CPA Group, and we’re excited to share what that means for all of us: clients, prospects, team members, aspiring team members and partners. Our transition to an Employee…

The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these provisions are scheduled to expire in the near future, unless…

Construction can be a challenging enterprise. Even when economic conditions are favorable, construction business owners need more than cookie-cutter financial strategies to stay on track. In a market still suffering the disruption of trends like…