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
Is Your Business Eligible for ERC or Is It a Scam?
“IRS cracks down on aggressive ERC marketing promoters and employers filing dubious claims” On July 26, 2023, the IRS Commissioner, Danny Werfel, announced that the agency has made significant progress in processing Employee Retention Credit…
- Sue Schloemer
- Aug 15, 2023
Valuing Professional Practices
There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. From a business valuation perspective, it's important to recognize the common denominators these businesses share. Reliance on…
- Kirsch CPA Group
- Aug 14, 2023
What Construction Businesses With Inventory Should Know About Section 263A
Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it's one that many construction businesses — particularly homebuilders — should get a handle on to avoid unexpected tax issues…
- Kirsch CPA Group
- Aug 14, 2023