Reporting Software Costs
On June 22, the Financial Accounting Standards Board (FASB) unanimously voted to add a project to its rulemaking agenda to modernize the accounting and disclosure rules for reporting software costs. Here's an overview of the…
- Kirsch CPA Group
- Sep 14, 2022
How Buy-Sell Agreements Factor into Business Owners’ Estate Plans
If you're a business owner, you may already be familiar with buy-sell agreements. These legal documents set rules for the disposition of owners' business interests should they die, become disabled, get divorced or withdraw from…
- Kirsch CPA Group
- Sep 14, 2022
Kirsch CPA Group Honored by University of Cincinnati’s Goering Center
Cincinnati’s Goering Center at the Carl H. Lindner College of Business brings together a wide variety of family and privately-owned businesses across the Tri-State region for educational programs, networking opportunities, leadership development, and the sharing…
- Kirsch CPA Group
- Sep 06, 2022
401(k) Loans: Yay or Nay?
In today's tough economy, you may find yourself struggling to cover your day-to-day expenses. But rising interest rates are making traditional loans more expensive. In such an environment, you might consider borrowing funds from your…
- Kirsch CPA Group
- Aug 31, 2022
What Do the New Lease Accounting Standards Mean for Your Business?
For private business owners who have been hearing about a proposed accounting change for lease accounting, a decade of back-burner speculation has come to an end. The new accounting standard, also known as “ASC 842,”…
- Jill Frieden
- Aug 31, 2022
SALT Cap Workaround Law Could Save Ohio Business Owners Over $100 Million
A new law that takes effect for tax year 2022 will enable some Ohio business owners to reduce their federal tax bills by avoiding the cap on state and local tax deductions imposed as part…
- Kirsch CPA Group
- Aug 31, 2022
New Guide: Are You Ready to Take Control of Your Profitability?
In our latest guide, Build a Better Business by the Numbers, we explore the common pitfalls of profitability and how to avoid the mistakes that will harm your bottom line. Understanding your profitability starts with…
- Kirsch CPA Group
- Aug 26, 2022
The Wide-Ranging Inflation Reduction Act Is Signed Into Law
Congress has passed the Inflation Reduction Act (IRA) and President Biden signed it into law on August 16. The $740 billion law contains many tax breaks and raises revenue through a new minimum tax on…
- Kirsch CPA Group
- Aug 18, 2022
5 Common Billing Methods in the Construction Industry
Your neighborhood ice cream shoppe no doubt operates under a simple fixed price, point-of-sale billing method. Construction companies don't have it so easy. Because of the project-based, decentralized nature of construction work, contractors need to…
- Kirsch CPA Group
- Aug 18, 2022
How Will Inflation Affect Your 2023 Tax Bill?
Inflation has been surging this year. The July 2022 consumer price index (CPI) was up 8.5% year over year, according to the latest data from the U.S. Bureau of Labor Statistics. The rate of inflation…
- Kirsch CPA Group
- Aug 18, 2022