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3 Big Inventory Issues for Construction Companies
In the construction industry, supply-chain challenges are nothing new. They've just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns,…
- Kirsch CPA Group
- Jul 17, 2023
M&A Reminder: Earnouts Bring Critical Tax Considerations
Merger and acquisition (M&A) activity is widely expected to pick up this year, after a lull in 2022. Amid economic uncertainty, earnouts are likely to play a big role in many deals. The structuring of…
- Kirsch CPA Group
- Jul 15, 2023
Don’t Jeopardize Your Nonprofit’s Tax-Exempt Status
The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits couldn't obtain the financial and other support they need to fulfill their mission. That's why you need to protect your exempt…
- Kirsch CPA Group
- Jul 12, 2023
6 Best Practices for Reducing Your Operating Costs
All business owners know they need to keep a keen eye on operating expenses, especially during economically uncertain times. Even small savings can add up when it comes to boosting profit margins, and reducing operating…
- Nick Roell
- Jul 10, 2023
Ohio Enacts Bill Containing Favorable Tax Changes
On July 3, 2023, Governor Mike DeWine signed into law House Bill 33, Ohio’s 2024-2025 biennial budget legislation. This new law includes changes that will affect the Commercial Activity Tax exemptions, the resident tax credit,…
- Sue Schloemer
- Jul 06, 2023
Grow Your Business with Insights from a Clean & Optimized QuickBooks Account
It’s easy to get sidetracked in the day-to-day demands of running a business and let your financial reporting processes take a back seat. When used to its full potential, accounting software like QuickBooks can put…
- Katie Keller
- Jul 06, 2023
10 Payroll Issues for Small Businesses
You may not think of your small business's payroll function as risky. But if you don't properly handle certain payroll challenges, you may risk IRS scrutiny, operational disruptions and financial losses. What should you watch…
- Kirsch CPA Group
- Jun 27, 2023
Benchmarking to Gauge Risk in Business Valuation
Benchmarking — or comparing a company's financials to those of industry peers and its own historical performance — can provide insight into future cash flows and operating risks. Business valuation professionals use the following types…
- Kirsch CPA Group
- Jun 27, 2023
5 Benefits of Holistic Outsourced Accounting Services
Financial insights are the foundation of a healthy, growing business. Yet many small and mid-sized businesses lack the visibility they need into the numbers behind their cash flow, profitability, or other key metrics. Sometimes it’s…
- Nick Roell
- Jun 26, 2023
How to Classify Information on the Statement of Cash Flows
The statement of cash flows is arguably the most misunderstood and under-appreciated part of companies' annual reports. But it can also provide valuable insight to stakeholders who understand its uses and potential weaknesses. The guidance…
- Kirsch CPA Group
- Jun 24, 2023
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