(513) 858-6040
Secure File Upload
Pay
Client Center
Accounting & Business Advisory Blog
Manufacturers Need to Act Soon to Take Advantage of 100% First-year Bonus Depreciation
First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer's cash flow, but claiming them isn't always the…
- Kirsch CPA Group
- Mar 17, 2022
Do LLC Members Owe Self-Employment Tax?
The federal tax code's self-employment tax provisions were enacted long before the existence of limited liability companies (LLCs). As LLCs became increasingly popular, an important question arose: How do the self-employment tax rules apply to…
- Kirsch CPA Group
- Mar 17, 2022
How to Navigate Multistate Payroll & Sales Tax Obligations
When it comes to paying taxes, the first question that comes to mind is usually how much do I owe? But for a growing number of small and mid-size business owners, the most frustrating tax…
- Becky Byrd
- Mar 15, 2022
In-Plan Annuities: A New Twist on the Traditional Pension Model
It's common for employees who are nearing retirement to be concerned with whether their savings will last through their senior years. Those worries are mounting today. With soaring inflation, rampant supply chain shortages and lackluster…
- Kirsch CPA Group
- Mar 03, 2022
Don’t Discount the Key Person Discount
In the fourth quarter of 2021, CEO resignations were up 16% over the prior year, according to executive outplacement firm Challenger, Gray & Christmas. Recent and announced high profile departures include Twitter's Jack Dorsey, Amazon's…
- Kirsch CPA Group
- Mar 03, 2022
How to Maximize the QBI Deduction Amid the Pandemic
Since the qualified business income (QBI) deduction first become available in 2018, things have changed dramatically, mainly due to the various effects of the COVID-19 pandemic. Possible tax rate increases and inflation have also entered…
- Kirsch CPA Group
- Feb 24, 2022
Should You Diversify Your Investments with Rental Real Estate?
Many people invest in marketable securities, including stocks, bonds, money market funds and real estate investment trusts (REITs). But a less conventional investment option that's historically paid off for many investors is purchasing a home…
- Kirsch CPA Group
- Feb 17, 2022
Due Diligence Considerations When Buying a Business
Buyers of businesses generally prefer to arrange for an asset purchase transaction, instead of purchasing an ownership interest in the target business entity. Why? The primary reason is to avoid exposure to liabilities — both…
- Kirsch CPA Group
- Feb 17, 2022
3 Ways Small & Midsized Businesses Can Maximize Tax Benefits
Are you maximizing your tax benefits? From employee retention credits to tax credits for innovation, there are many strategies for small and midsized businesses to capitalize on deductions and benefits for the 2021 tax year…
- Sue Schloemer
- Feb 15, 2022
Hiring? Keep an Eye on These Seven Recruiting Trends
The COVID-19 pandemic will likely continue to affect individuals, businesses and the larger economy for the foreseeable future. Already, many companies are finding it difficult to remain fully staffed during what's been called the "Great…
- Kirsch CPA Group
- Feb 04, 2022
Sign Up for Email Updates
Tags
Business Advisory (175)
Covid-19 (63)
Tax Strategies (54)
Small Business (54)
Accounting (54)
Construction (45)
Manufacturing (42)
Business Strategy (33)
Not For Profit (31)
Tax (30)
Kirsch News (25)
Business Planning (25)
Tax Strategy (24)
Business Taxes (23)
Payroll (22)
Business Valuation (22)
Accounting Services (22)
Grow Your Business (19)
Retirement (18)
Audit and Assurance Services (17)
PPP (16)
Tax Planning (14)
CARES Act (13)
Fraud (13)
Individual Tax (13)
Business Advisory Services (13)
Strategic Accounting (12)
Benefit (11)
holistic accounting services (11)
Cash Flow (10)
Employee Retention Credit (10)
Financial Planning (9)
IRS (9)
Business (9)
Contractors (9)
Consolidated Appropriations Act (9)
Deduction (9)
Non profit (9)
Manufacturing Accounting (9)
Human Resources (8)
Financial Statements (8)
Construction Accounting (8)
Small Business Tax (7)
Tax Break (7)
Business Owner (7)
Department of Labor (6)
IRA (6)
Remote Work (6)
Tax Credit (6)
Succession Planning (6)
Contractor (6)
Inflation (6)
Tax Breaks (5)
Estate Planning (5)
Mergers and Acquisitions (5)
Succession Plan (5)
Technology (5)
Risk (5)
Law (5)
Valuation (5)
accounting software (5)
outsourced accounting services (5)
Cash Flow Management (5)
Professional Services Accounting (5)
LLC (4)
Estate Plan (4)
Overtime (4)
Real Estate (4)
Deductions (4)
Hiring (4)
Cost (4)
TCJA (4)
Tax Cuts and Jobs Act (4)
Supply Chain (4)
ERC (4)
Self-Employed (4)
Plan (4)
Revenue (4)
Depreciation (4)
Billing (4)
strategic tax planning (4)
accounting partner (4)
Accounting Best Practices (4)
Compensation (3)
Partnership Tax (3)
Retain Employees (3)
HSA (3)
Business Intelligence (3)
Social Security (3)
DOL (3)
Sales (3)
Self-Employment (3)
Outsourcing (3)
Protecting Your Business (3)
Rental Property (3)
WOTC (3)
Tax Benefits (3)
Charitable Donations (3)
Individual Taxes (3)
EEOC (3)
Work From Home (3)
Donation (3)
Profit (3)
Contingency Plan (3)
Gift (3)
Family (3)
Rental (3)
Loss (3)
Unemployment (3)
CFO (3)
Succession (3)
Small Businesses (3)
Credit (3)
Loan (3)
Gift Tax (3)
Estate Tax (3)
QBI (3)
Cash (3)
Unrelated Business Income Tax (3)
Kirsch promotions (3)
Cash Basis (3)
Section 179 (3)
Financial (3)
monthly financial statements (3)
Ohio Tax (2)
S-Corp (2)
Research Tax Credits (2)
Selling Your Business (2)
Best Workplaces in Ohio (2)
Buy-Sell Agreement (2)
Ohio Taxes (2)
Independent Contractor Status (2)
Revenue Recognition (2)
Home Office (2)
Tax Credits (2)
Payment (2)
Deadline (2)
Help for Ohio Business (2)
FASB (2)
Mid-Year (2)
Deductible (2)
Taxes (2)
Bankruptcy (2)
Welcome to the Team (2)
Contracts (2)
Phising (2)
Year-End (2)
Join Our Team (2)
Tax Free (2)
Individual Income Tax (2)
Tax Rate (2)
Stimulus (2)
New Law (2)
Loan Changes (2)
M&A (2)
Personal Return (2)
The American Rescue Plan Act (2)
ARPA (2)
Penalties (2)
OSHA (2)
Insurance (2)
Return to Workplace (2)
Estate (2)
Future (2)
Cryptocurrency (2)
Expense (2)
Property (2)
Rent (2)
CFO Services (2)
Penalty (2)
Contract (2)
Wages (2)
State Tax (2)
Savings (2)
Value (2)
Tax Law (2)
Tax Preparation (2)
Tax Saving (2)
Mileage (2)
R&D (2)
financial reporting (2)
Chart of Accounts (2)
Financial KPIs (2)
Buy (2)
Sell (2)
Qualified Business Income (2)
Multistate Taxes (2)
Tax Incentive (2)
Software (2)
Debt (2)
Supply (2)
Tax Benefit (2)
Inflation Risks (2)
ESOP (2)
Invoice (2)
Inflation Reduction Act (2)
CHIPS Act (2)
Generally Accepted Accounting Principles (2)
Forecast (2)
research credit (2)
Expenses (2)
Pass-through entity (2)
Bookkeeper (2)
Outsourced CFO (2)
scaling a business (2)
reduce labor costs (2)
Upgrading Accounting Systems (2)
QuickBooks Software (2)
QuickBooks Optimization (2)
Accounting Outsourcing (2)
Strategic Business Advisory (2)
Compensation Plans (1)
SEPs (1)
Donor Datebase (1)
Promoting (1)
Monitor Employee Communications (1)
Business Expenses (1)
Board of Directors (1)
Customer Service (1)
Motivate Employees (1)
S Corporation (1)
Record Retention (1)
Employer Provided Vehicles (1)
Tax Rules for Boats (1)
Tax Rules for RVs (1)
Home Improvement (1)
No-Match Letter (1)
Sales Deal (1)
Rules of Qualification (1)
Customer Loyalty (1)
Profits (1)
Work for Kirsch (1)
Tax Deductible (1)
Industry (1)
Work Culture (1)
Taxpayers (1)
Partner (1)
Tax Return (1)
Competition (1)
Tax Refund (1)
Security (1)
Leadership (1)
Medical & Sick Leave (1)
Economic Injury Disaster Loan (1)
Emergency Financing From the SBA (1)
Tax Favored Distributions (1)
Roth (1)
Traditional Roth (1)
Dependent Care (1)
DCAP (1)
Pivot Strategy (1)
Chapter 11 (1)
Chapter 7 (1)
Epidemic (1)
Customers (1)
Travel Restrictions (1)
Workers Health (1)
Legal Claims (1)
Deferred Filing Tax Returns (1)
HIPAA (1)
Business Vehicle (1)
Promotions (1)
Worker Comp (1)
Ohio Bureau of Workers Compensation (1)
Homeowners (1)
Common Tax Scams (1)
Internal Tax Service (1)
Hobby (1)
Health Plan Administrative Expense (1)
Financial Distress (1)
Insolvency Exception (1)
Home Mortgage Exception (1)
Interest Exception (1)
Student Loan (1)
FSA (1)
Improvements (1)
Repairs (1)
Background Check (1)
Fraud Alert (1)
Vishing (1)
Preventing Attack (1)
Home Office Deductions (1)
Boost Profits (1)
Independent Contractor (1)
Ramsonware (1)
Health Plan (1)
Related Paid Leave (1)
Tax Provisions (1)
Overtime Pay (1)
Buy or Lease (1)
Data Breaches (1)
Malware (1)
Beneficiaries (1)
Inheritance (1)
Policy (1)
Cost Cutting (1)
Disaster Relief (1)
FAQs (1)
Resolutions (1)
Schedule C (1)
Closing Business (1)
High-Deduction (1)
Elderly (1)
CVD (1)
Restaurant (1)
Opportunity Zone Investments (1)
Bad Debt (1)
SafeSend Exchange (1)
Owners Compensation (1)
Financial Relief (1)
Child Labor Law (1)
Minimum Wage (1)
Record-Keeping (1)
Bottom Line (1)
Power of Attorney (1)
Trader Status (1)
Vaccine Scams (1)
Child and Dependent Care Credit (1)
Go Green (1)
Visa (1)
International (1)
Employee (1)
H-2B (1)
FEMA (1)
Trusts (1)
Operations (1)
Digital (1)
Profit Fade (1)
Managing Cost (1)
Project (1)
Make Money (1)
Properties (1)
Home (1)
Return to Work (1)
Federal Labor Policy (1)
Labor (1)
Labor Law (1)
Passive Activity Loss (1)
PAL (1)
Liability (1)
Deduct (1)
Cybersecurity (1)
Landlord (1)
Relief (1)
Job Loss (1)
Eviction (1)
Tenant (1)
Economy (1)
Development (1)
Next (1)
Strategic (1)
Profitability (1)
Financial Health (1)
Individuals (1)
Individual (1)
Reviewed Financials (1)
New Development (1)
Opportunity (1)
Planning (1)
Review (1)
Payroll Tax Credit (1)
Overhead (1)
Price (1)
Estimate (1)
Out-of-Scope (1)
Project Planning (1)
Productivity (1)
Production (1)
Lean (1)
Output (1)
Raw Material (1)
Incentive (1)
Process (1)
Cyber (1)
Cyber Attack (1)
Financial Penalty (1)
OT (1)
Ransom (1)
Ransomware (1)
Hacker (1)
Prevent (1)
Prevention (1)
DHS (1)
Department of Homeland Security (1)
Processing Payroll (1)
Labor Laws (1)
SBA (1)
Damage (1)
Damages (1)
Economic (1)
Economic Damage (1)
NIOSH (1)
National Institute for Occupational Safety and Health (1)
Safety (1)
PPE (1)
Saving (1)
Strategy (1)
Customer Segmentation (1)
Save (1)
Client (1)
Customer (1)
Business Real Estate (1)
Commercial (1)
Location (1)
Office Space (1)
Lease (1)
Shareholder (1)
Independent Investor (1)
Tax Season (1)
Taxcaddy (1)
Tax Filing (1)
Tax Documents (1)
Inside Public Accounting (1)
CPA (1)
Lower Taxes (1)
Tax Savings (1)
Tax Rules (1)
Build Back Better Act (1)
Proposed Tax Laws (1)
Business Insurance (1)
Premium (1)
Life Insurance (1)
Property-Casualty Insurance (1)
long term disability (1)
long-term care (1)
crisis (1)
crisis management (1)
contingency (1)
research and development (1)
research (1)
confidential (1)
confidentiality (1)
service providers (1)
P&L statements (1)
fairness opinion (1)
fairness opinions (1)
M&A Plan (1)
money (1)
estate and gift tax (1)
commission (1)
commission fraud (1)
salespeople (1)
due diligence (1)
real estate investment trusts (1)
REIT (1)
investment (1)
trade (1)
Specified Service Trade or Business (1)
SSTB (1)
qualified (1)
key person (1)
discount (1)
tax compliance (1)
sales tax (1)
single-member (1)
multi-member (1)
limited (1)
General Partners (1)
self-employment tax (1)
medium business (1)
qualified business income deduction (1)
depreciation deduction (1)
Junior Achievement Business Hall of Fame (1)
Asset (1)
owner (1)
tax liability (1)
tax files (1)
tax records (1)
federal tax (1)
records (1)
financial records (1)
Bills (1)
receipts (1)
personal tax files (1)
sell business (1)
organized crime (1)
National Federation of Independent Business (1)
NFIB (1)
Close (1)
Close Business (1)
debts (1)
Small Business Reorganization Act (1)
SBRA (1)
Home-Based Business (1)
kentucky tax law (1)
gas (1)
fuel (1)
suppliers (1)
supplier (1)
marketplace (1)
market (1)
online (1)
supplies (1)
scam (1)
product (1)
seller (1)
Buyer (1)
work opportunity tax credit (1)
work opportunity (1)
Amended Taxes (1)
inventory tracking (1)
labor cost tracking (1)
job costing (1)
networking (1)
projects (1)
Collecting (1)
family business (1)
equipment (1)
purchase (1)
combat inflation (1)
Employee Stock Ownership Plans (1)
company stock (1)
ERISA (1)
Employee Retirement Income Security Act of 1974 (1)
corporate (1)
legislation (1)
profitability analysis (1)
SALT cap workaround law (1)
lending (1)
Case Study (1)
Financial Accounting Standards Board (1)
GAAP (1)
tech (1)
legacy gift (1)
funding (1)
living trust (1)
will (1)
wealth (1)
financial management (1)
payroll support (1)
rollover (1)
inventory (1)
disaster (1)
interruption insurance (1)
Business interruption (1)
corporation (1)
research expenses (1)
income tax liability (1)
types of financials (1)
SSA (1)
Social Security Administration (1)
wage base (1)
Claim (1)
small business owner (1)
reduce (1)
reduction (1)
Research & Development (1)
research & development expenses (1)
risk management (1)
PTE (1)
Chief Financial Officer (1)
next level accounting services (1)
pricing analysis (1)
exit and retirement planning (1)
SECURE 2.0 (1)
Setting Every Community Up for Retirement Enhancement 2.0 Act (1)
rate (1)
medical (1)
moving (1)
digital enterprise (1)
mobile (1)
Cloud-Based (1)
financial statement (1)
forecasting (1)
projections (1)
projection (1)
NOL (1)
net operating loss (1)
COD (1)
Cancellation of Debt (1)
forgiven (1)
forgiveness (1)
financial roadmap (1)
quickbooks (1)
SafeSend Returns (1)
valuing (1)
holistic (1)
fradulent (1)
invoices (1)
FIFO (1)
LIFO (1)
last-in (1)
first-out (1)
first-in (1)
tax changes (1)
Business Interest Expense (1)
Capitalize Research Costs (1)
corporate cash donation (1)
equifax hack (1)
FICA (1)
FUTA (1)
medicare (1)
normalized EBITDA (1)
DCF (1)
Business Buyers (1)
meals (1)
entertainment (1)
Multistate Payroll Taxes (1)
Remote Workforce Taxes (1)
Payroll Automation (1)
Local Tax Laws (1)
Multistate Compliance (1)
signs to scale (1)
financial insights (1)
reduce operating costs (1)
Energy Credits (1)
401(k) (1)
disabled access credit (1)
family and medical leave credit (1)
retirement plan startup credit (1)
retirement plan automatic enrollment credit (1)
QuickBooks Cleanup (1)
loss disallowance rule (1)
carryforward (1)
distressed business (1)
credit sales (1)
collections (1)
receivables ratio (1)
aging schedule (1)
average collection period (1)
duties test (1)
Agile Business (1)
Weather Economic Uncertainty (1)
Next Level Accounting (1)
Projecting Cash Flow (1)
veterinary profitability (1)
Maximizing Labor ROI (1)
Business Growth Plateau (1)
bonus depreciation (1)
IRS Section 179 (1)
qualified improvement property (1)
PTE Tax Benefits (1)
ERC Claims (1)
Cash Flow Forecasting (1)
GAAP Accounting (1)
Manufacturer Accounting Services (1)
Tax Planning Services (1)
Professional Services (1)
Strategic Business Planning (1)
nonprofit accounting services (1)
Contractor Accounting (1)
