Ins & Outs of Private Foundations

The term "501(c)(3) organization" — which refers to the Internal Revenue Code section governing not-for-profit entities — often is used interchangeably with "public charity." But not all 501(c)(3) organizations are public charities. Some are private…

  • Kirsch CPA Group
  • Jun 19, 2023

Strategic Tax-Planning Q&As for Construction Businesses

To maximize their tax savings, construction business owners need to plan year-round. Strategic tax planning is about not only knowing which credits and deductions your company can claim, but also minding other important details. Here…

  • Kirsch CPA Group
  • Jun 17, 2023

Saving for Your Child’s Education? Consider a Custodial Account

If you're looking to save for your child's or grandchild's education, you may have several options, including 529 plans, Coverdell education savings accounts (ESAs) and IRAs. But one of the best ways to invest for…

  • Kirsch CPA Group
  • Jun 16, 2023
Stressed business owner

3 Signs It’s Time to Exit the Day-to-Day & Scale Your Business

A business owner’s workday is rarely idle. Especially in the early years, it’s not unusual to find an entrepreneur juggling multiple roles, both out of financial necessity and the desire to make sure everything is…

  • Nick Roell
  • Jun 15, 2023

Manufacturers: If Available, Take Advantage of Sales Tax Exemptions

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payroll taxes, there's another potential aspect to consider: state sales tax. The…

  • Kirsch CPA Group
  • Jun 14, 2023
Map near Columbus, Ohio

Navigating Multistate Payroll Taxes & Remote Workers for Ohio Employers

Ohio’s unique local taxation laws can make running payroll across state lines complicated. An ounce of preparation can save thousands in tax liabilities, so here are the common payroll and tax issues you should be…

  • Becky Byrd
  • Jun 09, 2023

Financial Statement Fraud: Don’t Believe Everything You Read

Financial statements are central to understanding any business. A public company's balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the company, forecast short- and long-term…

  • Kirsch CPA Group
  • Jun 01, 2023

Estimating the Value of Your Business Today

Proactive business owners always have an eye on the future. And part of that preparedness means knowing what the company is currently worth and doing everything possible to maximize that price. Operating in a sale-ready…

  • Kirsch CPA Group
  • May 23, 2023

Do You Owe SE Tax on Home Rental Income?

If you rent out a second home — or part of your main residence — you may be unclear about whether you need to pay self-employment (SE) tax on your net rental income. In fact,…

  • Kirsch CPA Group
  • May 22, 2023

Are You Using the Right Accounting Method for Your Business?

The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. The IRS generally allows taxpayers to change their method, but…

  • Kirsch CPA Group
  • May 10, 2023
Kirsch CPA Next Level Accounting Guide Download the Guide

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