Click here to explore insights, resources, and expert analysis on the One Big Beautiful Bill Act

Spotlight: The One Big Beautiful Bill Act

Learn how the One Big Beautiful Bill Act impacts businesses and accounting practices. Explore insights, resources, and expert analysis on this important legislation.

Should Your Business Elect to Pay Pass-Through Entity Taxes?

Jan 31, 2024 Sue Schloemer

With most states now offering entity level PTE taxes as a workaround for federal limits on deductions for state and local tax (SALT) payments for individuals, i...

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Answers to Common Payroll Questions

Jan 30, 2024 Kirsch CPA Group

Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often ...

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7 Tasks For a Successful Nonprofit Finance Committee

Jan 29, 2024 Kirsch CPA Group

A nonprofit’s finance committee oversees and keeps its board of directors apprised of the organization’s overall financial health. This should be mo...

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Annual Action Required for Schedules K-2 and K-3

Jan 17, 2024 Sue Schloemer

The IRS released two new schedules in recent years, Schedules K-2 and K-3. These new schedules are an expanded reporting requirement intended to provide more cl...

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New Voluntary Disclosure Program for Employers that Filed Dubious ERC Claims

Jan 16, 2024 Kirsch CPA Group

As part of its continuing fight against questionable Employee Retention Credit (ERC) claims, the IRS recently announced a voluntary disclosure program for emplo...

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Change Order Management: Best Practices for Construction Businesses

Jan 16, 2024 Kirsch CPA Group

As you know, change orders are an inherent part of the construction industry. Alterations to the original design, specifications, execution methods or scope of ...

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New Threshold for Filing Electronic Information Returns Kicked In Jan. 1

Jan 15, 2024 Kirsch CPA Group

If your business files 10 or more information returns, you must now file them electronically. This is a significant rule change that went into effect on January...

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Unlock Tax Savings for Your Business – Work Opportunity Tax Credit (WOTC)

Jan 03, 2024 Matt Harper

As we turn the page to a new tax year, now is the time to start planning for tax savings opportunities for tax year 2024. The Work Opportunity Tax Credit (WOTC)...

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IRS Delays $600 Form 1099-K Reporting Threshold

Jan 03, 2024 Kirsch CPA Group

Businesses and individuals concerned about the confusing 1099-K reporting requirements can breathe a sigh of relief: On November 21, 2023, the IRS announced tha...

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Pay Attention To These 6 Tax-related Items in 2024

Jan 02, 2024 Kirsch CPA Group

What’s the tax outlook for manufacturers as 2024 begins? While certain provisions of the Tax Cuts and Jobs Act (TCJA) begin to phase out, other tax laws, ...

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