Change Order Management: Best Practices for Construction Businesses

Jan 16, 2024 Kirsch CPA Group

As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of ...

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New Threshold for Filing Electronic Information Returns Kicked In Jan. 1

Jan 15, 2024 Kirsch CPA Group

If your business files 10 or more information returns, you must now file them electronically. This is a significant rule change that went into effect on January...

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Unlock Tax Savings for Your Business – Work Opportunity Tax Credit (WOTC)

Jan 03, 2024 Matt Harper

As we turn the page to a new tax year, now is the time to start planning for tax savings opportunities for tax year 2024. The Work Opportunity Tax Credit (WOTC)...

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IRS Delays $600 Form 1099-K Reporting Threshold

Jan 03, 2024 Kirsch CPA Group

Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe a sigh of relief: On November 21, 2023, the IRS announced tha...

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Pay Attention To These 6 Tax-related Items in 2024

Jan 02, 2024 Kirsch CPA Group

What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other tax laws, ...

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How Construction Company Owners Can Build a Succession Plan Framework

Jan 02, 2024 Kirsch CPA Group

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 ...

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Is Your Business Subject to the New BOI Reporting Rules? Due March 21, 2025

Dec 06, 2023 Cassidy Roell

Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules unde...

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Construction Companies: Lean Into Tech to Optimize Accounting and Financial Management

Dec 05, 2023 Kirsch CPA Group

The construction industry is renowned for its quality craftsmanship. However, it’s also sometimes known for a historical reluctance to adopt new technolog...

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Year-End Review of S Corp Compensation: Stay on the Right Side of the IRS

Dec 04, 2023 Kirsch CPA Group

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 ...

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7 Fringe Benefits for Nonprofit Employers to Offer

Dec 02, 2023 Kirsch CPA Group

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...

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