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Accounting & Business Advisory Blog
How Construction Company Owners Can Build a Succession Plan Framework
At some time or another, construction company owners must hang up their hard hats. But what will happen to your business when you retire or move on to the next professional opportunity? And what if…
- Kirsch CPA Group
- Jan 02, 2024
Is Your Business Subject to the New BOI Reporting Rules? Due March 21, 2025
Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules under the Corporate Transparency Act (“CTA”). BOI reporting involves the disclosure of information…
- Cassidy Roell
- Dec 06, 2023
Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management
The construction industry is renowned for its quality craftsmanship. However, it's also sometimes known for a historical reluctance to adopt new technology. When it comes to your construction company's accounting and financial management, there's never…
- Kirsch CPA Group
- Dec 05, 2023
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