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
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
How Construction Business Owners Can Prepare for an IRS Audit
The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker misclassification. What's more, as the tax agency rolls into the future under new leadership,…
- Kirsch CPA Group
- May 10, 2023
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created the Advanced Manufacturing Project Tax Credit (45X MPTC), which is an incentive for…
- Kirsch CPA Group
- May 09, 2023
Got a “Business” Idea? You Might Want to Form a Nonprofit
Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S corporation or limited liability company…
- Kirsch CPA Group
- May 08, 2023