New Upcoming Requirement for Businesses that Receive Large Amounts of Cash

Sep 07, 2023 Kirsch CPA Group

Does your business receive large amounts of cash or cash equivalents? If so, you’re generally required to report these transactions to the IRS — and not...

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How Business Valuation Professionals Estimate Reasonable Compensation

Sep 06, 2023 Kirsch CPA Group

Reasonable compensation is an issue that comes into play in divorce, shareholder disputes and tax cases. It’s also a common financial statement adjustment...

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Keep Money Laundering From Threatening Your Small Business

Sep 05, 2023 Kirsch CPA Group

When criminals profit from illicit activities, they usually need to “clean” or disguise the proceeds of their crimes. Money laundering disconnects i...

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4 Strategies to Strengthen Your Small Business

Sep 05, 2023 Kirsch CPA Group

Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will often be challenges, man...

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Start Succession Planning

Aug 31, 2023 Kirsch CPA Group

There are many family-owned businesses in the United States, and quite a few of them are facing ownership-transfer issues as their Baby Boomer founders retire. ...

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6 Payroll Tax Obligations Employers Should Know

Aug 29, 2023 Kirsch CPA Group

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 s...

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Using Analytics to Improve Efficiency for Audits

Aug 25, 2023 Kirsch CPA Group

Analytical procedures are required for all financial statement audit engagements, according to the auditing standards published by the American Institute of Cer...

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Breakeven and Burn Rate: Valuable Tools for Managing Performance

Aug 15, 2023 Kirsch CPA Group

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 analyt...

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Is Your Business Eligible for ERC or Is It a Scam?

Aug 15, 2023 Sue Schloemer

“IRS cracks down on aggressive ERC marketing promoters and employers filing dubious claims” On July 26, 2023, the IRS Commissioner, Danny Werfel, announced ...

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Valuing Professional Practices

Aug 14, 2023 Kirsch CPA Group

There are many types of professional practices. Examples include medical, architecture, engineering, accounting, advertising, design and law. From a business va...

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