IRS Orders an Immediate Stop to New Employee Retention Tax Credit Processing
After receiving a deluge of improper Employee Retention Tax Credit (ERTC) claims, the IRS recently announced an immediate moratorium through at least December 31 on processing new claims for the pandemic relief program. The tax…
- Kirsch CPA Group
- Sep 20, 2023
7 Questions Contractors Should Ask Before Seeking Outside Financing
Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But the options can seem limitless and overwhelming. Here are seven…
- Kirsch CPA Group
- Sep 08, 2023
New Upcoming Requirement for Businesses that Receive Large Amounts of Cash
Does your business receive large amounts of cash or cash equivalents? If so, you're generally required to report these transactions to the IRS — and not just on your tax return. Beginning January 1, 2024,…
- Kirsch CPA Group
- Sep 07, 2023
How Business Valuation Professionals Estimate Reasonable Compensation
Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It's also a common financial statement adjustment that valuators make when valuing a business. Although experts are often hired…
- Kirsch CPA Group
- Sep 06, 2023
Keep Money Laundering From Threatening Your Small Business
When criminals profit from illicit activities, they usually need to "clean" or disguise the proceeds of their crimes. Money laundering disconnects illegally acquired funds from sources that include theft, drug trafficking and terrorism. This makes…
- Kirsch CPA Group
- Sep 05, 2023
4 Strategies to Strengthen Your Small Business
Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will often be challenges, many of which are unexpected — such…
- Kirsch CPA Group
- Sep 05, 2023
Start Succession Planning
There are many family-owned businesses in the United States, and quite a few of them are facing ownership-transfer issues as their Baby Boomer founders retire. Some older Generation X owners may even be pondering early…
- Kirsch CPA Group
- Aug 31, 2023
6 Payroll Tax Obligations Employers Should Know
There's more to paying taxes than just federal and state income taxes. Another major tax chore for employers is payroll taxes. These expenditures can be significant, and the reporting requirements can be onerous. So it's…
- Kirsch CPA Group
- Aug 29, 2023
Using Analytics to Improve Efficiency for Audits
Analytical procedures are required for all financial statement audit engagements, according to the auditing standards published by the American Institute of Certified Public Accountants (AICPA). Audit analytics can help minimize the time and cost associated…
- Kirsch CPA Group
- Aug 25, 2023
Breakeven and Burn Rate: Valuable Tools for Managing Performance
Breakeven and burn rate have historically been used to gauge the viability of start-ups and high-tech companies that have yet to turn a profit. But these analytical tools can also be used by established businesses…
- Kirsch CPA Group
- Aug 15, 2023