An Overview of the Percentage of Completion Accounting Method for Construction Businesses

Feb 13, 2024 Kirsch CPA Group

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue comin...

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How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

Feb 12, 2024 Kirsch CPA Group

What’s the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensin...

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Dos and Don’ts for Business Expense Deductions

Feb 12, 2024 Kirsch CPA Group

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business...

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Factoring Industry Risk into the Business Valuation Equation

Feb 09, 2024 Kirsch CPA Group

There’s generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to grea...

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ERC Enforcement Could Leave Businesses at Risk for Audit and Penalties

Feb 05, 2024 Sue Schloemer

As the IRS ramps up efforts to address ineligible claims for COVID-related payroll relief, many small and midsize businesses who applied for funds under erroneo...

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Should Your Business Elect to Pay Pass-Through Entity Taxes?

Jan 31, 2024 Sue Schloemer

With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, i...

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Answers to Common Payroll Questions

Jan 30, 2024 Kirsch CPA Group

Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often ...

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7 Tasks For a Successful Nonprofit Finance Committee

Jan 29, 2024 Kirsch CPA Group

A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be mo...

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Annual Action Required for Schedules K-2 and K-3

Jan 17, 2024 Sue Schloemer

The IRS released two new schedules in recent years, Schedules K-2 and K-3. These new schedules are an expanded reporting requirement intended to provide more cl...

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New Voluntary Disclosure Program for Employers that Filed Dubious ERC Claims

Jan 16, 2024 Kirsch CPA Group

As part of its continuing fight against questionable Employee Retention Credit (ERC) claims, the IRS recently announced a voluntary disclosure program for emplo...

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