New Guide: Mastering Cash Flow to Drive Growth

Solid cash flow forecasting and management practices are fundamental to robust financial health and strategic decision-making, but they’re often overlooked or shortchanged, especially in periods of sales growth. That can lead to missed opportunities and Read More


Kirsch CPA Group

Feb 14, 2024

An Overview of the Percentage of Completion Accounting Method for Construction Businesses

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of Read More


Kirsch CPA Group

Feb 13, 2024

How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

What's the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensing and first-year bonus depreciation. For 2024, bonus depreciation has dropped another 20 percentage points Read More


Kirsch CPA Group

Feb 12, 2024

Dos and Don’ts for Business Expense Deductions

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but Read More


Kirsch CPA Group

Feb 12, 2024

Factoring Industry Risk into the Business Valuation Equation

There's generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to greater risk. Industry-specific risk is an important consideration when estimating an Read More


Kirsch CPA Group

Feb 09, 2024

ERC Enforcement Could Leave Businesses at Risk for Audit and Penalties

As the IRS ramps up efforts to address ineligible claims for COVID-related payroll relief, many small and midsize businesses who applied for funds under erroneous or narrow criteria could face an increased risk of audits Read More


Sue Schloemer

Feb 05, 2024

Should Your Business Elect to Pay Pass-Through Entity Taxes?

With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, it’s a good time to review whether you should Read More


Sue Schloemer

Jan 31, 2024

Answers to Common Payroll Questions

Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often have questions about their shifting recordkeeping and withholding requirements. Here are some Read More


Kirsch CPA Group

Jan 30, 2024

7 Tasks For a Successful Nonprofit Finance Committee

A nonprofit's finance committee oversees and keeps its board of directors apprised of the organization's overall financial health. This should be more than simply scanning financial reports. An active finance committee is crucial to maintain Read More


Kirsch CPA Group

Jan 29, 2024

Annual Action Required for Schedules K-2 and K-3

The IRS released two new schedules in recent years, Schedules K-2 and K-3. These new schedules are an expanded reporting requirement intended to provide more clarity and transparency for partners and shareholders of pass-through entities Read More


Sue Schloemer

Jan 17, 2024