New Guide: In-House vs. Outsourced Accounting Services: Which Is Right for Your Business?

When your business grows, your accounting processes have to grow with it. Otherwise, what should be a cause for celebration can quickly leave you struggling to keep up and short of the financial data you…


  • Kirsch CPA Group
  • Mar 01, 2024

Applying for a Commercial Loan with Confidence

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or…


  • Kirsch CPA Group
  • Feb 28, 2024

Keys to Avoiding Payroll Tax Trouble

What would happen if your company failed to pay the IRS payroll taxes when they're due? You could be on the hook for penalties and, if you're treated as a "responsible party," held personally liable…


  • Kirsch CPA Group
  • Feb 27, 2024

Why Footnote Disclosures Are Important

Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial…


  • Kirsch CPA Group
  • Feb 26, 2024

QBI Deduction: Use It or (Possibly) Lose It

The qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it's scheduled to disappear, unless Congress passes legislation to extend it. With 2024 underway, it's now use-it-or-lose-it time for the…


  • Kirsch CPA Group
  • Feb 26, 2024

Should Your Business Use GAAP Accounting?

It’s easy to understand why lending institutions and investors often require financial statements that comply with the standards of generally accepted accounting principles (GAAP). GAAP-compliant financial statements provide a level of transparency and reliability that…


  • Nick Roell
  • Feb 22, 2024

New Guide: Mastering Cash Flow to Drive Growth

Solid cash flow forecasting and management practices are fundamental to robust financial health and strategic decision-making, but they’re often overlooked or shortchanged, especially in periods of sales growth. That can lead to missed opportunities and…


  • Kirsch CPA Group
  • Feb 14, 2024

An Overview of the Percentage of Completion Accounting Method for Construction Businesses

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of…


  • Kirsch CPA Group
  • Feb 13, 2024

How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

What's the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensing and first-year bonus depreciation. For 2024, bonus depreciation has dropped another 20 percentage points…


  • Kirsch CPA Group
  • Feb 12, 2024

Dos and Don’ts for Business Expense Deductions

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but…


  • Kirsch CPA Group
  • Feb 12, 2024

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