Employers: Beware of Improper Employee Retention Credit Claims
The IRS is warning employers to beware of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to…
- Kirsch CPA Group
- Oct 27, 2022
Social Security Wage Base and Earnings Test Amounts Increase in 2023
The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2023 to $160,200. This is up from $147,000 for 2022. Federal law limits the amount of…
- Kirsch CPA Group
- Oct 27, 2022
What a Business Valuation Is – and Isn’t
When an entire specialty has been built around a single business metric, it suggests a great need in the marketplace. But a need for what, exactly? “Business valuation” sounds like a straightforward concept, but in…
- Kirsch CPA Group
- Oct 19, 2022
Why Have Your Financial Statements Reviewed (Even When Not Required)
Reviewed financial statements can increase the value of your business and serve you in a multitude of ways Business owners typically field requests for reviewed financial statements for a specific purpose. Whether the requests come…
- Kirsch CPA Group
- Oct 17, 2022
8 End-of-Year Tax Planning Strategies for 2022
As the economy marches through the final months of 2022, business owners will face ongoing changes this tax season. Even so, there is still time to take steps to reduce your tax burden. With the…
- Sue Schloemer
- Oct 13, 2022
New Law Enhances Payroll Tax Break for Small Manufacturers’ Research Expenses
Is your manufacturing company on the cutting edge? It's important to keep pace with the competition, especially if you're trying to carve out a niche in a new marketplace. Fortunately, federal tax law allows…
- Kirsch CPA Group
- Oct 13, 2022
9 Cash-Flow Management Tips for Construction Companies
Construction business owners know that cash is king. However, managing cash flow in an industry known for its ebbs and flows isn't easy. And when you throw in the steady rise of inflation and ongoing…
- Kirsch CPA Group
- Oct 13, 2022
Cash In on Corporate Deductions for Charitable Donations
Most people already understand the tax rules for individual charitable donations, including generous deductions that may be available to itemizers when they give cash or property to charity. But your business may also reap tax…
- Kirsch CPA Group
- Oct 13, 2022
How a Valuation Pro Can Help with Business Interruption Claims
A change in seasons can bring extreme weather, including floods, droughts, wildfires, tornadoes and hurricanes. These natural disasters and other crises can interrupt normal business operations, causing significant financial losses. If disaster strikes, a business…
- Kirsch CPA Group
- Oct 13, 2022
Tips for Recognizing and Solving Cash Flow Problems
There's more to financial reporting than profits. The statement of cash flows can be a powerful management tool. During an economic downturn, it's especially important for managers to monitor cash flows to detect — and…
- Kirsch CPA Group
- Sep 30, 2022