Prevent a Poorly Structured Chart of Accounts from Hiding Your Profitability
As any business owner knows, the health of a company is linked more to its profitability than its revenues. If your revenues are increasing but your profitability is not, it’s important to understand what is…
- Nick Roell
- Jan 06, 2022
Accounting for Builders: 5 Tips to Consider
As you're no doubt aware, accounting for builders is challenging. Construction companies tend to have unstable workforces, wage rates that can change by location, and multiple ongoing projects with various costs and durations. Here are…
- Diane Glover
- Jan 06, 2022
Kirsch Welcomes New Team Members as Firm Continues to Grow
The two newest members of the Kirsch CPA Group come to us with deep experience, diverse interests and a somewhat similar path into the accounting profession. Manager Nathan Esselburn and Senior Manager Anthony Lewis both…
- Diane Glover
- Dec 16, 2021
Keeping Payroll Data Confidential
Confidentiality in payroll matters is routine, expected and often legally mandated. But that doesn't mean confidentiality problems can't occasionally rise up. Your business needs to be aware of the rules governing payroll information and to…
- Kirsch CPA Group
- Dec 15, 2021
Manufacturers: Don’t Miss Out on an R&D Tax Credit
The credit for increasing research activities, commonly referred to as the research and development (R&D) credit, is one of the biggest and best tax breaks available to manufacturing companies. Unlike a deduction, a credit is…
- Kirsch CPA Group
- Dec 02, 2021
Dos and Don’ts of Crisis Management for Contractors
From the Great Recession of more than a decade ago to the ongoing COVID-19 pandemic, construction companies have endured some tough lessons over the years. To help you avoid learning some things the hard way,…
- Kirsch CPA Group
- Dec 02, 2021
How to Make the Most of the Annual Gift Tax Exclusion
The holidays often inspire a spirit of generosity. So, at year end, many people decide to give money or assets to their loved ones. Over time, lifetime gifts can also be an effective way for…
- Kirsch CPA Group
- Dec 02, 2021
How Fast Can You Write off a Business Vehicle?
The federal income tax rules for depreciating vehicles used for business are complicated. And different rules apply to different categories of vehicles. Special limitations apply to vehicles that are classified as passenger autos, including many…
- Kirsch CPA Group
- Dec 02, 2021
Avoiding the Profitability Threat of Stagnant Pricing
There are many threats to business profitability and long-term success. Some of them hide behind numbers that look favorable on the surface. Others are easier to spot but difficult to implement. A third category of…
- Nick Roell
- Nov 10, 2021
Prioritize Your Insurance Needs
It may be frustrating to watch a significant part of your budget be devoted to insurance premiums — particularly if you never need to file claims. But that doesn't mean you've wasted your money. …
- Kirsch CPA Group
- Nov 09, 2021