Financial Statement Fraud: Don’t Believe Everything You Read

Financial statements are central to understanding any business. A public company's balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the company, forecast short- and long-term…


  • Kirsch CPA Group
  • Jun 01, 2023

Estimating the Value of Your Business Today

Proactive business owners always have an eye on the future. And part of that preparedness means knowing what the company is currently worth and doing everything possible to maximize that price. Operating in a sale-ready…


  • Kirsch CPA Group
  • May 23, 2023

Do You Owe SE Tax on Home Rental Income?

If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on your net rental income. In fact,…


  • Kirsch CPA Group
  • May 22, 2023

Are You Using the Right Accounting Method for Your Business?

The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. The IRS generally allows taxpayers to change their method, but…


  • Kirsch CPA Group
  • May 10, 2023

How Construction Business Owners Can Prepare for an IRS Audit

The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker misclassification. What's more, as the tax agency rolls into the future under new leadership,…


  • Kirsch CPA Group
  • May 10, 2023

Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created the Advanced Manufacturing Project Tax Credit (45X MPTC), which is an incentive for…


  • Kirsch CPA Group
  • May 09, 2023

Got a “Business” Idea? You Might Want to Form a Nonprofit

Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S corporation or limited liability company…


  • Kirsch CPA Group
  • May 08, 2023

Got Fraud? Call a Forensic Accountant

Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. In some cases — especially…


  • Kirsch CPA Group
  • May 08, 2023

Need a CFO? Hire or Outsource

Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunities to grow your business crop up with a little warning. How does…


  • Kirsch CPA Group
  • Apr 28, 2023

Resist Purging After Filing Your 2022 Tax Return

The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) the date on…


  • Kirsch CPA Group
  • Apr 27, 2023

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