Category: Newsletters

Do you own a vacation home that's classified as a rental property for tax purposes? Rental property owners may be tempted to use their rental properties for their personal "staycations" or as remote office locations Read More

Have you ever completed a job only to realize that the cost of performing the work equals or exceeds the revenue that the project brought in? This phenomenon is called "profit fade" and, if it Read More

Virtual currencies, also known as cryptocurrencies, have gone mainstream. For example, you can use Bitcoin to buy a Tesla, or you can use a Bitcoin wallet on your smartphone to make everyday purchases. But beware: Read More

To succeed in the 21st century, manufacturers must embrace the latest technological innovations. As part of this trend, factories around the world are becoming increasingly interrelated using blockchain technology. Although the concept is shared by Read More

Many not-for-profit organizations have been hanging on for dear life for the past year. But the days of survival mode are coming to an end. Now, nonprofit leaders need to be innovative to position their Read More

You've worked a lifetime to build your wealth and understandably want to pass much of it on to your loved ones. Estate plans are designed to help you do that in the most tax-efficient way Read More

Is your accountant unintentionally holding back your business and costing you money and opportunity? The lifecycle of a business has many inflection points. The accountant you used when your biggest concern was filing a tax Read More

The IRS recently issued guidance that provides a safe harbor allowing certain taxpayers to claim a deduction in 2020 for some otherwise deductible eligible expenses if the taxpayers received Paycheck Protection Program (PPP) loans. (Revenue Read More

If you pay employees who are nonexempt and who have fluctuating workweeks, there's a formula you can use to calculate their overtime pay. The formula is laid out in newly revised U.S. Department of Labor Read More

Kirsch CPA Group is working and thinking outside the box alongside our clients to navigate the impacts of the COVID-19 pandemic. We are developing new, innovative ways that help support businesses as they respond and Read More