IRS Issues Final Regulations Regarding the Advanced Manufacturing Investment Credit

May 10, 2024 Kirsch CPA Group

The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act — signed into law in 2022 — provides generous tax incentives to increase d...

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Updated Guidance on Business Vehicle Depreciation

May 06, 2024 Kirsch CPA Group

The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. I...

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5 Gaps that Can Distort Your Monthly Financial Visibility

May 02, 2024 Nick Roell

Monthly financial statements are the cornerstone of a thriving business. Yet, relying solely on cash basis accounting practices – such as entering deposits an...

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Growth Strategies: How to Take Your Business to the Next Level

Apr 24, 2024 Kirsch CPA Group

Once your business has survived the start-up phase, it’s got a solid foundation to grow. Business and financial advisory services are critical at this sta...

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Are You Familiar With the FUTA Tax?

Apr 22, 2024 Kirsch CPA Group

You’re probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and empl...

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10 Ways Cloud Computing Can Benefit Manufacturers

Apr 10, 2024 Kirsch CPA Group

The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the modern-day manufact...

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GAAP vs. Tax-Basis Accounting: What’s Right for Your Company?

Apr 10, 2024 Kirsch CPA Group

Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financi...

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How Construction Businesses Can Better Manage Their Money

Apr 09, 2024 Kirsch CPA Group

For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-...

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6 Potential Tax Deductions for Nonprofits

Apr 09, 2024 Kirsch CPA Group

In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek...

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Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain

Mar 27, 2024 Kirsch CPA Group

Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the...

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