Author: Kirsch CPA Group

In the construction industry, supply-chain challenges are nothing new. They've just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns, Read More

Merger and acquisition (M&A) activity is widely expected to pick up this year, after a lull in 2022. Amid economic uncertainty, earnouts are likely to play a big role in many deals. The structuring of Read More

The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits couldn't obtain the financial and other support they need to fulfill their mission. That's why you need to protect your exempt Read More

You may not think of your small business's payroll function as risky. But if you don't properly handle certain payroll challenges, you may risk IRS scrutiny, operational disruptions and financial losses. What should you watch Read More

Benchmarking — or comparing a company's financials to those of industry peers and its own historical performance — can provide insight into future cash flows and operating risks. Business valuation professionals use the following types Read More

The statement of cash flows is arguably the most misunderstood and under-appreciated part of companies' annual reports. But it can also provide valuable insight to stakeholders who understand its uses and potential weaknesses. The guidance Read More

The term "501(c)(3) organization" — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used interchangeably with "public charity." But not all 501(c)(3) organizations are public charities. Some are private Read More

To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your company can claim, but also minding other important details. Here Read More

If you're looking to save for your child's or grandchild's education, you may have several options, including 529 plans, Coverdell education savings accounts (ESAs) and IRAs. But one of the best ways to invest for Read More

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payroll taxes, there's another potential aspect to consider: state sales tax. The Read More