How Manufacturing Companies Can Benefit from the Section 179 Expensing Deduction
Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there's a tax break that can help: the Section 179 deduction. It allows you to deduct this year the cost of qualifying Read More
Aug 04, 2022
Do Your ESG Initiatives Open the Door to Fraud?
Within a relatively short period, corporate environmental, social, and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a more unified business imperative. This is largely because investors, employees, customers and Read More
Aug 04, 2022
How to Use the Cost Approach to Valuing a Business
The balance sheet — which shows a company's assets and liabilities — is a logical starting point for valuing certain types of businesses. The cost (or asset) approach specifically focuses on this part of a Read More
Jul 20, 2022
Hiring Family Members Can Pay Off for Everyone
One of the advantages of owning and operating your own business is the ability to hire family members to fill open positions. This can be a significant perk in today's tight labor market. Bringing on Read More
Jul 20, 2022
Reviewing Revenue Recognition for Construction Companies
While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you're well aware, the longer-term nature of construction projects can prevent contractors from Read More
Jul 20, 2022
Should You Transfer Your Home to Your Adult Child?
Buying a house in today's overheated real estate market can be challenging — especially as mortgage rates are on the rise. But financially secure parents who are considering downsizing or relocating to greener pastures may Read More
Jul 07, 2022
Oops … Do You Need to Amend Your Tax Return?
The COVID pandemic prompted numerous temporary changes to the tax laws for 2020 and 2021. From Economic Impact Payments, penalty-free IRA distributions and the expanded child tax credit to Employee Retention Credits and credits for Read More
Jul 07, 2022
Is Cryptocurrency Right for Your Business?
Are any of your employees clamoring to receive compensation — either immediate or deferred — in Bitcoin or another type cryptocurrency? What about customers that want to pay with crypto? The bandwagon, if there is Read More
Jul 07, 2022
Spotlight on a Critical Antifraud Tool: Risk Assessments
Fraud risk assessments have been shown to prevent occupational fraud and limit losses for victimized organizations. These tools have become more prevalent in recent years, according to "Occupational Fraud 2022: A Report to the Nations" Read More
Jul 07, 2022
Nine Kirsch CPA Group Team Members are Promoted
In recognition of their hard work and commitment to our clients, Kirsch CPA Group has announced the promotion of nine team members. The promotions come at a time of rapid growth for the firm and Read More
Jul 05, 2022