The Tax Deductible Mileage Rate for Business Driving Increases for 2023

The IRS has announced the 2023 optional standard mileage rates used to calculate the deductible costs of operating a vehicle for business, charitable, medical or moving purposes.   Background: If you use a vehicle for…


  • Kirsch CPA Group
  • Jan 04, 2023

A Dozen Ways the SECURE 2.0 Law Helps Individuals and Employees

In the waning hours of the 117th Congress, a large government funding bill was passed that includes many provisions that will help Americans save more for retirement. The Setting Every Community Up for Retirement Enhancement…


  • Kirsch CPA Group
  • Jan 04, 2023

Expanding Your Nonprofit’s Benefit Offerings

Many job seekers and others assume that not-for-profit organizations offer fewer or less-generous fringe benefits to employees than for-profit companies. But that's not necessarily true. According to a recent survey by the Nonprofit Times, 87%…


  • Kirsch CPA Group
  • Dec 14, 2022

Succession Planning Considerations for Construction Business Owners

Construction company owners are great at completing projects, but many struggle to properly build a succession plan. Even if your retirement is decades away, it's never too early to start. In fact, by initiating the…


  • Kirsch CPA Group
  • Dec 14, 2022

8 Compelling Reasons to Outsource Your Accounting Functions

Is your company struggling to tackle all its accounting needs? Companies that have lost a CFO, outgrown their bookkeeper, changed their offerings or experienced high growth can have a hard time finding the right accounting…


  • Kirsch CPA Group
  • Dec 14, 2022

Wrap the Year Up with Focus on the Long Game

As another challenging year comes to a close, all signs point to more bumps in the road in 2023 – at least for the next quarter or two. So what can you do to position…


  • Nick Roell
  • Dec 07, 2022

Ohio Tax Benefit for S-Corp and Partnership Owners

What changed? For the last 5 years, federal tax deductions for state and local taxes were limited to $10,000 for individuals. For owners of Ohio pass-through entities that limitation ended, on June 14, 2022, when…


  • Sue Schloemer
  • Dec 02, 2022

Prevent Fraud at Your Construction Company With a Holistic Approach

Most experts would agree that the best way to minimize fraud at any company, including a construction business, is to take a holistic approach. As the owner, you must set the tone at the top…


  • Kirsch CPA Group
  • Nov 30, 2022

Financial Reporting Check-Up: How Fiscally Fit Is Your Company?

Comprehensive financial statements prepared under U.S. Generally Accepted Accounting Principles (GAAP) include three reports: the balance sheet, income statement, and statement of cash flows. Together these reports can be powerful diagnostic tools to help evaluate…


  • Kirsch CPA Group
  • Nov 30, 2022

The IRS Has Announced Various Tax Benefit Increases for 2023

The IRS recently announced many inflation adjustments for the 2023 tax year. IRS Revenue Procedure 2022-38 provides details about these amounts. Because inflation is high, many of the amounts for 2023 will change more than they…


  • Kirsch CPA Group
  • Nov 30, 2022

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