Accounting Outsourcing & Advisory Blog | Kirsch CPA Firm Cincinnati

Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS

With 2024 right around the corner, your shareholders might be thinking about year-end bonuses or distributions. Before doing so, it's important to review the potential tax implications and requirements. Distributions vs. Bonuses S corporations…

Kirsch CPA Group
Dec 04, 2023

7 Fringe Benefits for Nonprofit Employers to Offer

One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It's hard enough to overcome the perception — often a misconception — that nonprofits don't pay their employees nearly as well…

Kirsch CPA Group
Dec 02, 2023

Thinking Beyond the Paystub: 4 Best Practices for Maximizing Labor ROI

Economic uncertainty and challenging market conditions like the current environment often have business owners reaching for the calculator and thinking about their labor costs. It’s not an unreasonable instinct in tough times: labor costs are…

Anthony Lewis
Nov 29, 2023

Overcoming Stagnant Growth: Strategies to Break Free From a Business Plateau

Plateaus are a normal event in the life cycle of any business, but that doesn’t make them any less frustrating. What was once an effective driver of revenue and growth can suddenly stop working leading…

Nick Roell
Nov 28, 2023

5 Ideas to Help Small Business Owners Reduce Taxes for 2023

As year end approaches, small business owners should review their tax situations to determine ways to lower federal income taxes for the current tax year — and beyond. Fortunately, no significant unfavorable federal tax law…

Kirsch CPA Group
Nov 21, 2023

Ensuring Profitability as Your Veterinary Practice Grows

In a thriving pet care industry valued at nearly $36 billion, increasing profitability while growing your veterinary practice can be a challenging endeavor. The path to growth is not just about increasing revenue but understanding…

Kirsch CPA Group
Nov 08, 2023

Year-End Tax Planning For Manufacturers

Implementing year-end tax planning strategies now can help reduce your manufacturing company's 2023 tax bill. Indeed, a lower tax bill can improve your cash flow and your bottom line. One of the most tried-and-true strategies…

Kirsch CPA Group
Nov 07, 2023

Planning a Graceful (and Profitable) Exit from Your Business

At some point, every business owner leaves the company, either voluntarily through retirement or otherwise. Some businesses will outlive their founders. Others can't survive without the continued involvement of a key owner-employee. And a few…

Kirsch CPA Group
Nov 06, 2023

Could Your Organization Benefit from an Interim CFO?

There's currently a talent crisis in the accounting industry. The U.S. Bureau of Labor Statistics estimates that roughly 17% of U.S. accountants and auditors have left their jobs over the past two years, leaving some…

Kirsch CPA Group
Nov 03, 2023

FAQs about SE Tax

Entrepreneurs and others who work for themselves are often on the hook for significant federal self-employment (SE) tax, in addition to federal and state income taxes. Here are the answers to some common questions about…

Kirsch CPA Group
Oct 25, 2023

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