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

What Does SECURE 2.0 Mean for 403(b) Plans?

The SECURE Act 2.0, a follow-up to the SECURE Act of 2019, was enacted in the waning days of 2022. This new law introduces sweeping changes for qualified retirement plans, including 403(b) retirement savings plans Read More


Kirsch CPA Group

Feb 03, 2023

Tricky Tax Angles to Fringe Benefits

Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the "Great Resignation" and "quiet quitting" where employees do the bare minimum before eventually Read More


Kirsch CPA Group

Feb 03, 2023

New Guidance on Safeguarding Crypto Assets

In 2022, the value of the cryptocurrency market — including Bitcoin and Ethereum — tumbled by trillions of dollars. Despite this volatility, many people expect crypto assets to rise in significance in the coming years. Read More


Kirsch CPA Group

Feb 02, 2023

Don’t Fall for Invoice Fraud Schemes

Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company Medius and researcher Censuswide. Invoice fraud can be challenging to spot — and even more Read More


Kirsch CPA Group

Feb 02, 2023