How Small Businesses Can Deflate Their Inflation Risks

From soaring gas and food prices to hikes in rent, the signs of inflation are popping up everywhere. The latest Consumer Price Index Report (CPI) showed that between June 2021 and 2022, inflation rose 9.1%, Read More


Katie Keller

Aug 16, 2022

Avoiding Nonprofit Tax Traps

If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it's still possible for not-for-profits to Read More


Kirsch CPA Group

Aug 04, 2022

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

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


Kirsch CPA Group

Jul 07, 2022