How External Auditors Can Leverage Your Internal Audit Work

If your organization has an internal audit function, you may be able to use your internal audit team to streamline financial reporting by external auditors. External auditors aren't required to use internal auditors in any…


  • Kirsch CPA Group
  • Apr 26, 2023

New SECURE 2.0 Act Boosts 401(k) Benefits

The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were held in 401(k) accounts by more than 60 million…


  • Kirsch CPA Group
  • Apr 25, 2023

Measuring Fair Value for Financial Reporting Purposes

Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here's an overview of what fair value…


  • Kirsch CPA Group
  • Apr 12, 2023

IRS Issues Guidance for Manufacturers on New Semiconductor Tax Credit

The IRS has released proposed regulations that provide guidance for manufacturers on the implementation of the Advanced Manufacturing Investment Credit. The credit, created by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, encourages manufacturers…


  • Kirsch CPA Group
  • Apr 12, 2023

Supreme Court Rejects Claim for Exemption from Overtime Pay

Employers and employees are often at odds over the issue of overtime pay. Naturally, employers are inclined to argue that an employee isn't entitled to overtime pay when it would boost the overall compensation that…


  • Kirsch CPA Group
  • Apr 11, 2023

Beefing Up Benefits May Save Tax Dollars for Construction Businesses

Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain valued employees is by offering competitive compensation and benefits. Let's focus…


  • Kirsch CPA Group
  • Apr 10, 2023

Understanding Business Valuation & Finding the Right Buyer

For growth-minded business owners, a valuation is one of the most important financial tools available as it will help you understand what someone might be willing to pay for your business. Here’s a look at…


  • Nick Roell
  • Mar 30, 2023

Deducting Business Meal and Entertainment Expenses

The federal income tax treatment of business-related meal and entertainment expenses has been a moving target the last few years. If you're confused about what rules currently apply, you're not alone. Here's a refresher on…


  • Kirsch CPA Group
  • Mar 28, 2023

How Much FDIC Coverage Do You Have?

In early March, Silicon Valley Bank (SVB) and Signature Bank unexpectedly collapsed. They became the second and third largest bank failures in U.S. history, respectively. The largest collapse involved Washington Mutual in 2008, precipitating the…


  • Kirsch CPA Group
  • Mar 27, 2023

Fraud Alert: Scammers are requesting account changes

The banking industry is reporting a significant increase in account fraud. A high number of instances are being reported where scammers reach out to businesses via email posing as a client or vendors informing them…


  • Pete Abner
  • Mar 17, 2023

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