Spring Cleaning Your Personal Tax Files
The general rule for retaining federal tax records is three years. That's because the statute of limitations for the IRS to audit your tax return is typically three years. The statute of limitations starts on…
- Kirsch CPA Group
- May 12, 2022
7 Midyear Tax-Reduction Strategies for Manufacturers
As the midpoint of the year fast approaches, it's a good time for manufacturers to assess their tax status and plan appropriate strategies for reducing their 2022 tax liability. Although each situation is unique, here…
- Kirsch CPA Group
- May 12, 2022
Ensure Your Construction Accounting System Has the Right Features
Construction accounting is distinctively complex. Unlike other businesses that rely heavily on a general ledger to track finances, construction companies need to master a project-based approach to accounting. After all, each of your jobs serves…
- Kirsch CPA Group
- May 12, 2022
Hiring Workers This Summer and Beyond
In today's tight labor market, small businesses — including restaurants, delivery services, retail stores and manufacturers — are struggling to attract and retain top-quality staff. The conditions are likely to worsen in many sectors as…
- Kirsch CPA Group
- May 12, 2022
Want to Grow in 2022 But Don’t Have a Plan?
Growing your business might seem like a perfectly obvious thing to have on your 2022 to-do list, but not all businesses approach a new year with a written growth plan or SMART goals: specific, measurable,…
- Nick Roell
- Apr 28, 2022
Should You Separate Your Business from Its Real Estate?
Businesses that need real estate to conduct operations, or otherwise hold property, traditionally have put the title to the property in the name of the business itself. But owners are increasingly rethinking this approach. Many…
- Kirsch CPA Group
- Apr 28, 2022
3 Ways to Facilitate Your Strategic Growth Planning
When you’re ready to take your business to next-level growth, you need a strategic plan for getting there and for evaluating the opportunities to do so. Your path to growth depends upon a forward-looking strategy,…
- Nick Roell
- Apr 25, 2022
Evaluating Key Performance Indicators
How would you feel about taking a cross-country road trip without knowing the amount of gas in your tank, your engine's temperature, or your oil pressure? That's why you have an instrument panel on your…
- Diane Glover
- Apr 14, 2022
Preparing Form 990: Pay Attention to These Eight Items
If your not-for-profit organization operates on a calendar-year tax basis, the deadline for filing your 2021 Form 990 (Form 990 EZ for certain small organizations) is right around the corner — May 15, 2022. Besides filing…
- Diane Glover
- Apr 14, 2022
How Fringe Benefits for S Corporation Owners Are Taxed
In general, the value of statutory fringe benefits paid to employees is exempt from federal income tax. But special rules apply to S corporation shareholders who own 2% or more of a company. For these…
- Kirsch CPA Group
- Apr 14, 2022