Tax Benefit of Separating Repairs from Improvements
There's a world of tax difference between repairs to real estate property and capital improvements. And it's not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your Read More
Oct 19, 2020
Fraud Alert: Have You Heard About New Vishing Attacks?
For years, businesses and individuals have had to worry about so-called "phishing" scams sent via email or text. These cyberattacks are designed to hook unsuspecting victims into revealing sensitive information. Now there's a new twist Read More
Oct 19, 2020
Should Your Nonprofit Adopt Remote Work Permanently?
If your the staffers of your not-for-profit can work from home during the COVID-19 pandemic, they probably are. But what about when the crisis ends? As workers have become accustomed to remote work, many now Read More
Oct 15, 2020
Offer FSAs to Employees? You May Need to Act Before Year End
During this pandemic year, many employees have relied on flexible spending accounts (FSAs) to pay for health care and dependent care costs. This includes expenses related to COVID-19. Employers that offer employees FSAs also reap Read More
Oct 15, 2020
Are Your Construction Contracts COVID-proof?
It's the fourth quarter of 2020, and the COVID-19 pandemic continues to affect the construction industry. Project delays, work stoppages, supply chain disruption and lost productivity remains a reality for many contractors. All of this Read More
Oct 15, 2020
Tax Planning Tips for Individuals
It is the 4th quarter, it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. There are a lot of moving pieces: The COVID-19 pandemic has caused Read More
Oct 09, 2020
Tax Planning Tips for Business Owners
The 4th quarter of 2020 has begun and it is more important than ever to consider mid-year tax planning ideas. What steps can business owners take today to lower taxes for the current tax year? Read More
Oct 09, 2020
Meet our New Team Members at Kirsch CPA Group
Kirsch CPA Group has welcomed several new team members over the summer. Please join us in welcoming our new team members and watch them Thrive. Austin Sams joins Kirsch CPA Group with over 4 Read More
Oct 02, 2020
Tax Implications When Lenders Cancel Debts in the COVID-19 Era
In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers. While debt forgiveness can help Read More
Oct 01, 2020
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Paying your employees for hours that you know they've worked is straightforward enough. But what if they're doing more work than you think they are — or more than you've asked them to do? As Read More
Oct 01, 2020