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 organizati...
How Fringe Benefits for S Corporation Owners Are Taxed
Apr 14, 2022In general, the value of statutory fringe benefits paid to employees is exempt from federal income tax. But special rules apply to S corporation shareholders wh...
Beware: Remote Work May Complicate Your Income Taxes
Apr 01, 2022Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home. Some rem...
3 Numbers To Know: Costs, Markup & Profit
Apr 01, 2022Running a successful construction company calls for more than just winning bids and doing great work. To get ahead and make money, you need to carefully track y...
Diagnosing the Value of a Distressed Business
Apr 01, 2022Over the last two years, market conditions — from cost increases and forced shutdowns to shortages of labor and supplies — have taken their toll on many bu...
How to Keep Your Business Strong Despite Inflationary Pressures
Apr 01, 2022Over the last year, consumer prices rose 7.9%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index covers the price...
John Kirsch Named to Greater Butler and Warren Counties Business Hall of Fame
Mar 25, 2022Kirsch CPA is proud to announce that founding partner John Kirsch has been named to the Junior Achievement Business Hall of Fame. The Junior Achievement of OKI ...
Take Advantage of Tax Breaks for Small Businesses
Mar 17, 2022If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren’t available for larger entities. Here are three ...
Manufacturers Need to Act Soon to Take Advantage of 100% First-year Bonus Depreciation
Mar 17, 2022First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. ...
Do LLC Members Owe Self-Employment Tax?
Mar 17, 2022The federal tax code’s self-employment tax provisions were enacted long before the existence of limited liability companies (LLCs). As LLCs became increas...