Coming Soon: Changes to the 401(k) Plan Participation Rules

Years ago, employers could exclude part-time employees — those who work less than 1,000 hours per year in the business — from participating in 401(k) plans. That was before the Setting Every Community Up for…


  • Kirsch CPA Group
  • Oct 23, 2023

Six Cash Flow Best Practices for Cyclical Businesses

While cash flow best practices apply across all types of businesses, there’s added difficulty for businesses that experience dramatic fluctuations in sales and cash flow due to the seasonal or cyclical nature of their products…


  • Kirsch CPA Group
  • Oct 19, 2023

Leveraging AI to Add Value to Your Business

Artificial intelligence (AI) has been around for years. In November 2022, however, the technology became more broadly used by the general public with the advent of Chat Generative Pre-Trained Transformer (ChatGPT). This conversation bot uses…


  • Kirsch CPA Group
  • Oct 12, 2023

10 Ways Construction Companies Can Tighten Up Their Estimates

In a perfect world, initial project estimates would match actual costs at the end of every job — with no hint of cost overruns or profit fade. But, let's be honest, that hardly ever happens.…


  • Kirsch CPA Group
  • Oct 10, 2023

Are You Prepared to Join the Manufacturing 4.0 Revolution?

Manufacturing 4.0, sometimes called "Industry 4.0," refers to the digitalization of manufacturing. That means the integration of traditional manufacturing processes and practices with cutting-edge "smart" technology. How might Manufacturing 4.0 benefit your manufacturing company? According…


  • Kirsch CPA Group
  • Oct 10, 2023

What the DOL’s Overtime Pay Proposal Could Mean for Employers

A new rule proposed by President Biden and released by the U.S. Dept. of Labor (DOL) in August would result in an estimated 3.6 million additional workers qualifying for overtime pay — even though they're…


  • Kirsch CPA Group
  • Oct 09, 2023

Will Your Crypto Transactions Be Reported on a Form 1099?

Some taxpayers may be unaware of all the federal tax reporting requirements for cryptocurrency transactions — especially when it comes to issuing and receiving a Form 1099 for 2023. If you buy something with cryptocurrency,…


  • Kirsch CPA Group
  • Oct 06, 2023

What’s the Proper Tax Treatment for Intangible Assets?

Intangible assets have become increasingly vital to the value of many companies. While their benefits may be obvious to business owners, their tax treatment often isn't. Taxpayers may be surprised by the expansive IRS definition…


  • Kirsch CPA Group
  • Sep 26, 2023

Understanding the CPA’s Role in Detecting Fraud

A role of CPA's is to act as "gatekeepers," emphasizing their responsibilities for identifying fraud risks and detecting material misstatements in the financial statements. These responsibilities are currently at the forefront due to changes to…


  • Kirsch CPA Group
  • Sep 25, 2023

Partnerships: Tax Considerations When Adding a New Partner

Are you considering inviting an employee or an outsider to participate in your existing partnership? Before making any commitments, it's important for you and the prospective partner to understand the potential federal tax implications. Important:…


  • Kirsch CPA Group
  • Sep 22, 2023

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