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Don’t Let Profit Fade Impact Your Construction Firm’s Annual Results
A gradual decline in expected gross profits over the course of a project is known as "profit fade." It not only undermines the financial performance of construction companies, but also may raise red flags with…
- Kirsch CPA Group
- Oct 14, 2024
5 Ways for Your Nonprofit to Weather Economic Uncertainty
No one can predict with certainty where the U.S. economy will be at the end of 2024 or in 2025. The presidential election, interest rates, inflation, overseas conflicts and the recent stock market performance all…
- Kirsch CPA Group
- Oct 11, 2024
IRS Targets Partnership Tax-Reduction Tactic
The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a "major tax loophole exploited by large, complex partnerships." The IRS's actions are prompted by its belief…
- Kirsch CPA Group
- Oct 01, 2024
Why Strategic Planning and Succession Planning Should Always Go Together
Some small to midsize businesses engage in regular strategic planning, others let it fall by the wayside and adhere to a more "fly by the seat of our pants" ethos. You probably wouldn't be surprised…
- Kirsch CPA Group
- Oct 01, 2024
How a Budget Can Contribute to Your Success
One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it's not in the budget. However, if you're calling the shots,…
- Kirsch CPA Group
- Sep 30, 2024
When Employee Awards and Gifts Are Tax Deductible
Let's say your company wants to commemorate the long career of a retiring employee instrumental in its success. It hosts an evening celebration that culminates with the presentation of a plaque and an expensive gift.…
- Kirsch CPA Group
- Sep 26, 2024
Kirsch CPA Group Transitions to 100% Employee Ownership
We’ve taken a big step at Kirsch CPA Group, and we’re excited to share what that means for all of us: clients, prospects, team members, aspiring team members and partners. Our transition to an Employee…
- Kirsch CPA Group
- Sep 25, 2024
Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions
The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these provisions are scheduled to expire in the near future, unless…
- Kirsch CPA Group
- Sep 18, 2024
4 Strategies for Construction Companies Navigating Economic Slowdown & Labor Shortages
Construction can be a challenging enterprise. Even when economic conditions are favorable, construction business owners need more than cookie-cutter financial strategies to stay on track. In a market still suffering the disruption of trends like…
- Anthony Lewis
- Sep 17, 2024
How Financial Statements Are Used to Value a Business
Financial statements are an important piece of the business valuation puzzle. Appraisal professionals typically consider three approaches when valuing a business — the cost, market and income approaches — ultimately relying on one or two…
- Kirsch CPA Group
- Sep 12, 2024
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