Author: Kirsch CPA Group

Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it's one that many construction businesses — particularly homebuilders — should get a handle on to avoid unexpected tax issues Read More

For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. However, in the late 20th Read More

For most businesses, few topics are as critical as managing cash flow, but with numerous pressing matters demanding attention, it is common for busy entrepreneurs to overlook warning signs of potential cash flow problems. Here Read More

External market conditions may affect the amounts reported for certain items on the financial statements, including profits, loans, leases, investments and intangible assets. Estimates and disclosures for various items may be affected by current (or Read More

Summer isn't just for barbecues and baseball. It's also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming Read More

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