Category: Newsletters

Are the costs of holiday parties tax deductible? Despite a recent crackdown on business entertainment expense deductions, your company's holiday bash may still qualify for write-offs for the 2024 tax year. You might even be Read More

Businesses are returning to their regular work premises in droves. About 65% of U.S. businesses expect to implement return-to-office policies by the end of 2024, in either a full-time or hybrid capacity, according to Resume Read More

The Tax Cuts and Jobs Act (TCJA) included a significant — but delayed — change to the tax treatment of research and experimentation (R&E) expenses under Internal Revenue Code (IRC) Section 174. To the surprise Read More

Running a business requires a lot of hard work. As a business owner, you may be so focused on managing day-to-day operations and pursuing growth opportunities that you put succession planning on the back burner. Read More

Discounts for lack of marketability are well established when valuing minority interests in closely held businesses. But many valuation experts believe that controlling business interests also warrant a marketability discount to reflect the uncertainty and Read More

A focus on operational and financial excellence Hamilton, Ohio – Oct. 29, 2024 – INSIDE Public Accounting (IPA) has named Kirsch CPA Group a “Best of the Best” CPA firm for 2024, an annual ranking Read More

Profitability can be a difficult metric to measure in any industry, but owners of professional services businesses face an added challenge: underestimating the cost of uncompensated time. Time as a Product In professional services businesses, Read More

Fraud is a significant problem for all businesses, but the manufacturing industry is particularly vulnerable. According to the Association of Certified Fraud Examiners (ACFE), manufacturing is among the industries with the highest number of reported Read More

When the pandemic hit in 2020, the Employee Retention Tax Credit (ERTC) was introduced under the CARES Act. Federal government officials and lawmakers created the credit to help employers keep employees on their payrolls as Read More

As the year draws to a close, it's generally manufacturers' last chance to implement strategies to reduce their 2024 tax liability. Several provisions of the Tax Cuts and Jobs Act (TCJA) can still provide substantial Read More