Accounting Outsourcing & Advisory Blog | Kirsch CPA Firm Cincinnati

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

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

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

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

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