Trader Status Offers Significant Tax Benefits

In January 2021, online day traders trapped institutional short sellers in a short squeeze by buying up shares of the video and computer game retailer GameStop. This episode brought attention to a number of issues…


  • Kirsch CPA Group
  • Apr 14, 2021

Accounting Myth Busting: Switching Your Accountant Is Costly

Change is hard, even when you know it’s the right thing to do. That is just as true in business as in every other human endeavor. And so, we put it off. We find ways…


  • Kirsch CPA Group
  • Apr 09, 2021

Using Cash Flow Forecasting to Avoid Problems & Grow Your Business

Every business owner knows the importance of cash flow. It’s what keeps the lights on and keeps things moving forward. But cash flow is not the same thing as your bank balance today vs. yesterday.…


  • Kirsch CPA Group
  • Apr 07, 2021

Employee Retention Credit: Help for Nonprofits

If your not-for-profit managed to keep staffers employed throughout the COVID-19 pandemic, there could be a tax reward. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, employers may be entitled to claim an…


  • Kirsch CPA Group
  • Apr 01, 2021

A Closer Look at Durable Power of Attorney

As the COVID-19 pandemic taught many Americans, serious illness may strike at any time and any age. Of course, in ordinary times, older Americans are at risk of becoming physically or mentally incapacitated. So if…


  • Kirsch CPA Group
  • Apr 01, 2021

Selecting the Right Payroll System for Your Construction Business

Construction payroll can be complex, but with the right system in place, it doesn't have to be stressful. Up-to-date payroll solution generally saves money by preventing costly math mistakes and helping you manage payroll taxes.…


  • Kirsch CPA Group
  • Apr 01, 2021

Search Your Company For Extra Cash

Does the supervisor of your call center understand how that department makes money for the company? Does your administrative staff know how to increase the company's bottom line? It's easy for employees to begin to…


  • Kirsch CPA Group
  • Mar 31, 2021

Is the tax deadline extended for your 2020 taxes?

The IRS announced the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. This postponement applies to many individual tax filers…


  • Kirsch CPA Group
  • Mar 31, 2021

Big Changes to the Child Credit for 2021

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalizations are only for the…


  • Kirsch CPA Group
  • Mar 31, 2021

The Evolution of the Employee Retention Credit

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a novel tax break — the Employee Retention Credit (ERC) —…


  • Kirsch CPA Group
  • Mar 31, 2021

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