Accounting Outsourcing & Advisory Blog | Kirsch CPA Firm Cincinnati

Got Fraud? Call a Forensic Accountant

Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. In some cases — especially…

Kirsch CPA Group
May 08, 2023

Need a CFO? Hire or Outsource

Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunities to grow your business crop up with a little warning. How does…

Kirsch CPA Group
Apr 28, 2023

Resist Purging After Filing Your 2022 Tax Return

The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) the date on…

Kirsch CPA Group
Apr 27, 2023

How External Auditors Can Leverage Your Internal Audit Work

If your organization has an internal audit function, you may be able to use your internal audit team to streamline financial reporting by external auditors. External auditors aren't required to use internal auditors in any…

Kirsch CPA Group
Apr 26, 2023

New SECURE 2.0 Act Boosts 401(k) Benefits

The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were held in 401(k) accounts by more than 60 million…

Kirsch CPA Group
Apr 25, 2023

Measuring Fair Value for Financial Reporting Purposes

Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair value is generally used. Here's an overview of what fair value…

Kirsch CPA Group
Apr 12, 2023

IRS Issues Guidance for Manufacturers on New Semiconductor Tax Credit

The IRS has released proposed regulations that provide guidance for manufacturers on the implementation of the Advanced Manufacturing Investment Credit. The credit, created by the Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act, encourages manufacturers…

Kirsch CPA Group
Apr 12, 2023

Supreme Court Rejects Claim for Exemption from Overtime Pay

Employers and employees are often at odds over the issue of overtime pay. Naturally, employers are inclined to argue that an employee isn't entitled to overtime pay when it would boost the overall compensation that…

Kirsch CPA Group
Apr 11, 2023

Beefing Up Benefits May Save Tax Dollars for Construction Businesses

Construction companies continue to find themselves embroiled in a protracted battle for skilled labor. One fundamental way to recruit the best talent and retain valued employees is by offering competitive compensation and benefits. Let's focus…

Kirsch CPA Group
Apr 10, 2023

Understanding Business Valuation & Finding the Right Buyer

For growth-minded business owners, a valuation is one of the most important financial tools available as it will help you understand what someone might be willing to pay for your business. Here’s a look at…

Nick Roell
Mar 30, 2023

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