Is Your Company Following the Accounting Rules for Cutoffs?

Under the accrual method of accounting, the end of the accounting period serves as a strict cutoff for recognizing revenue and expenses. However, during economic downturns, managers may be tempted to artificially inflate earnings or Read More


Kirsch CPA Group

Mar 16, 2023

Meeting Your Organization’s Tax-Filing Obligations

The 2022 tax-filing deadline is fast approaching for many not-for-profit organizations. If you operate on a calendar-year basis, your filing deadline is May 15, 2023. Otherwise, you must file by the 15th day of the Read More


Kirsch CPA Group

Mar 02, 2023

Top 3 Federal Tax Law Changes that Could Affect Your Business Return

Every tax season, business owners must familiarize themselves with tax law changes that went into effect for that tax year. Fortunately, businesses don't have to contend with sweeping changes for 2022. But there are three Read More


Kirsch CPA Group

Mar 02, 2023

7 Tax-Saving Opportunities for Manufacturers in 2023

After your manufacturing company's 2022 tax return has been filed, you can focus your efforts on reducing its 2023 tax liability. What are the top tax-saving opportunities available to manufacturers this year? Here are seven Read More


Kirsch CPA Group

Mar 02, 2023

What Are the Most Common Form 990 Mistakes Not-for-Profits Make?

Each year, your non-for-profit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the Read More


Kirsch CPA Group

Feb 16, 2023

LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method

How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some cases — particularly during periods of high inflation Read More


Kirsch CPA Group

Feb 10, 2023

8 Ways to Insulate Your Construction Company Against Rising Costs

The construction industry continues to face supply chain slowdowns, labor shortages and inflation — though the latter of the three has generally moderated a bit as of late. To monitor and optimally respond to rising Read More


Kirsch CPA Group

Feb 10, 2023

Key SECURE 2.0 Provisions for Employers

The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) includes important changes that will affect employer-sponsored retirement plans and self-employed people looking to save for retirement. Here's an overview of key provisions Read More


Kirsch CPA Group

Feb 10, 2023

Financial Benchmarking for Success

A comprehensive benchmarking study can provide your business with a healthy start to the new year. By comparing your business's financial performance to competitors — or even itself over time — benchmarking can help identify Read More


Kirsch CPA Group

Feb 10, 2023

Tax Consequences of Borrowing From a Retirement Plan

If your company has a qualified retirement plan or you have set one up in self-employment -- such as a 401(k), profit-sharing, or Keogh plan -- the participants might be allowed to borrow from their Read More


Kirsch CPA Group

Feb 03, 2023