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
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