Saving for Your Child’s Education? Consider a Custodial Account

Jun 16, 2023 Kirsch CPA Group

If you’re looking to save for your child’s or grandchild’s education, you may have several options, including 529 plans, Coverdell education s...

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3 Signs It’s Time to Exit the Day-to-Day & Scale Your Business

Jun 15, 2023 Nick Roell

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 fina...

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Manufacturers: If Available, Take Advantage of Sales Tax Exemptions

Jun 14, 2023 Kirsch CPA Group

Manufacturers must comply with all relevant tax laws to avoid dire consequences. While the most attention is generally directed toward federal income and payrol...

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Navigating Multistate Payroll Taxes & Remote Workers for Ohio Employers

Jun 09, 2023 Becky Byrd

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 h...

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Financial Statement Fraud: Don’t Believe Everything You Read

Jun 01, 2023 Kirsch CPA Group

Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investor...

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Estimating the Value of Your Business Today

May 23, 2023 Kirsch CPA Group

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...

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Do You Owe SE Tax on Home Rental Income?

May 22, 2023 Kirsch CPA Group

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 renta...

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Are You Using the Right Accounting Method for Your Business?

May 10, 2023 Kirsch CPA Group

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...

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How Construction Business Owners Can Prepare for an IRS Audit

May 10, 2023 Kirsch CPA Group

The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...

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Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?

May 09, 2023 Kirsch CPA Group

The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...

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