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Accounting & Business Advisory Blog
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
Successfully Navigating the Shift to Reshoring Manufacturing Production Can Be Tricky
For decades, products that were made in America were synonymous with high quality and were manufactured in great abundance. Comparable products from other countries were often viewed as cheaper knockoffs. However, in the late 20th…
- Kirsch CPA Group
- Aug 13, 2023
Growth Secret: Working on Your Business vs. in It
Entrepreneurs are typically overachievers who direct a laser-like focus on their business. Many feel responsible for managing the smallest details and responsibilities. But while some early-stage businesses can’t afford much of a payroll, there’s a…
- Nick Roell
- Aug 07, 2023
Five Strategies to Improve Cash Flow Management
For most businesses, few topics are as critical as managing cash flow, but with numerous pressing matters demanding attention, it is common for busy entrepreneurs to overlook warning signs of potential cash flow problems. Here…
- Kirsch CPA Group
- Aug 03, 2023
How Rising Interest Rates and Inflation May Affect Financial Reporting
External market conditions may affect the amounts reported for certain items on the financial statements, including profits, loans, leases, investments and intangible assets. Estimates and disclosures for various items may be affected by current (or…
- Kirsch CPA Group
- Jul 28, 2023