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Accounting & Business Advisory Blog
Empower Your Business with a Streamlined Month-End Close Process
As a business owner, you face endless, competing priorities. One priority that shouldn’t be overlooked – and that can truly change your business for the better – is the month-end closing of your books. An…
- Nick Roell
- Mar 02, 2023
What Are the Most Common Form 990 Mistakes Not-for-Profits Make?
Each year, your non-for-profit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the…
- Kirsch CPA Group
- Feb 16, 2023
LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method
How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some cases — particularly during periods of high inflation…
- Kirsch CPA Group
- Feb 10, 2023
8 Ways to Insulate Your Construction Company Against Rising Costs
The construction industry continues to face supply chain slowdowns, labor shortages and inflation — though the latter of the three has generally moderated a bit as of late. To monitor and optimally respond to rising…
- Kirsch CPA Group
- Feb 10, 2023
Key SECURE 2.0 Provisions for Employers
The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) includes important changes that will affect employer-sponsored retirement plans and self-employed people looking to save for retirement. Here's an overview of key provisions…
- Kirsch CPA Group
- Feb 10, 2023
Financial Benchmarking for Success
A comprehensive benchmarking study can provide your business with a healthy start to the new year. By comparing your business's financial performance to competitors — or even itself over time — benchmarking can help identify…
- Kirsch CPA Group
- Feb 10, 2023
Tax Consequences of Borrowing From a Retirement Plan
If your company has a qualified retirement plan or you have set one up in self-employment -- such as a 401(k), profit-sharing, or Keogh plan -- the participants might be allowed to borrow from their…
- Kirsch CPA Group
- Feb 03, 2023
What Does SECURE 2.0 Mean for 403(b) Plans?
The SECURE Act 2.0, a follow-up to the SECURE Act of 2019, was enacted in the waning days of 2022. This new law introduces sweeping changes for qualified retirement plans, including 403(b) retirement savings plans…
- Kirsch CPA Group
- Feb 03, 2023
Tricky Tax Angles to Fringe Benefits
Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the "Great Resignation" and "quiet quitting" where employees do the bare minimum before eventually…
- Kirsch CPA Group
- Feb 03, 2023
New Guidance on Safeguarding Crypto Assets
In 2022, the value of the cryptocurrency market — including Bitcoin and Ethereum — tumbled by trillions of dollars. Despite this volatility, many people expect crypto assets to rise in significance in the coming years.…
- Kirsch CPA Group
- Feb 02, 2023