Valuing ESOPs

Employee stock ownership plans (ESOPs) provide tax-saving opportunities for business owners who want to cash out and transfer ownership to employees without immediately giving up control of the business. However, valuing stock held by an…

  • Kirsch CPA Group
  • Aug 18, 2022

Hiding Places for Unprofitability in Your Business

The business landscape has so many unexpected events and impossible-to-predict circumstances that metrics describing an organization’s financial health can seem relatively straightforward by comparison. It’s money in and money out, for the most part. However,…

  • Nick Roell
  • Aug 17, 2022

How Small Businesses Can Deflate Their Inflation Risks

From soaring gas and food prices to hikes in rent, the signs of inflation are popping up everywhere. The latest Consumer Price Index Report (CPI) showed that between June 2021 and 2022, inflation rose 9.1%,…

  • Katie Keller
  • Aug 16, 2022

Avoiding Nonprofit Tax Traps

If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it's still possible for not-for-profits to…

  • Kirsch CPA Group
  • Aug 04, 2022

How Manufacturing Companies Can Benefit from the Section 179 Expensing Deduction

Does your manufacturing company need to acquire new equipment to meet demand? Fortunately, there's a tax break that can help: the Section 179 deduction. It allows you to deduct this year the cost of qualifying…

  • Kirsch CPA Group
  • Aug 04, 2022

Do Your ESG Initiatives Open the Door to Fraud?

Within a relatively short period, corporate environmental, social, and governance (ESG) initiatives evolved from a disjointed and confusing set of goals to a more unified business imperative. This is largely because investors, employees, customers and…

  • Kirsch CPA Group
  • Aug 04, 2022

How to Use the Cost Approach to Valuing a Business

The balance sheet — which shows a company's assets and liabilities — is a logical starting point for valuing certain types of businesses. The cost (or asset) approach specifically focuses on this part of a…

  • Kirsch CPA Group
  • Jul 20, 2022

Hiring Family Members Can Pay Off for Everyone

One of the advantages of owning and operating your own business is the ability to hire family members to fill open positions. This can be a significant perk in today's tight labor market. Bringing on…

  • Kirsch CPA Group
  • Jul 20, 2022

Reviewing Revenue Recognition for Construction Companies

While many businesses handle sales in a single transaction, construction contracts often cover months or even years and include multiple payments. As you're well aware, the longer-term nature of construction projects can prevent contractors from…

  • Kirsch CPA Group
  • Jul 20, 2022
Ohio Bureau of Workers Compensation (BWC)

BWC Audits: Should I Be Worried?

Each year the Ohio Bureau of Workers Compensation (BWC) randomly selects employers to audit to verify that employers are properly classified according to their business operations and to make sure payrolls are accurately reported with…

  • Deb Weber
  • Jul 19, 2022
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