Why Footnote Disclosures Are Important

Feb 26, 2024 Kirsch CPA Group

Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other...

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QBI Deduction: Use It or (Possibly) Lose It

Feb 26, 2024 Kirsch CPA Group

The qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it’s scheduled to disappear, unless Congress ...

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Should Your Business Use GAAP Accounting?

Feb 22, 2024 Nick Roell

It’s easy to understand why lending institutions and investors often require financial statements that comply with the standards of generally accepted account...

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An Overview of the Percentage of Completion Accounting Method for Construction Businesses

Feb 13, 2024 Kirsch CPA Group

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue comin...

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How Manufacturers Can Factor Depreciation Tax Breaks Into Their 2024 Asset Purchase Planning

Feb 12, 2024 Kirsch CPA Group

What’s the tax outlook when manufacturers purchase equipment and other tangible property, various tax breaks are available, including Section 179 expensin...

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Dos and Don’ts for Business Expense Deductions

Feb 12, 2024 Kirsch CPA Group

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business...

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Factoring Industry Risk into the Business Valuation Equation

Feb 09, 2024 Kirsch CPA Group

There’s generally a trade-off between risk and return in business valuation. Investors expect to receive a higher return as a company exposes them to grea...

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ERC Enforcement Could Leave Businesses at Risk for Audit and Penalties

Feb 05, 2024 Sue Schloemer

As the IRS ramps up efforts to address ineligible claims for COVID-related payroll relief, many small and midsize businesses who applied for funds under erroneo...

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Should Your Business Elect to Pay Pass-Through Entity Taxes?

Jan 31, 2024 Sue Schloemer

With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, i...

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Answers to Common Payroll Questions

Jan 30, 2024 Kirsch CPA Group

Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often ...

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