Help Prevent Discrimination Charges by Avoiding Hasty Decisions

The Equal Employment Opportunity Commission (EEOC), the investigator and enforcer of the federal job discrimination laws, is trying to put itself in your shoes. On its website, the EEOC introduces its treatment of retaliation this…


  • Kirsch CPA Group
  • Feb 18, 2021

Bad Debts: What Losses Can You Deduct and When?

Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses are increasingly common during the COVID-19 pandemic. Here's an overview of the federal income…


  • Kirsch CPA Group
  • Feb 18, 2021

How Can Business Owners Lower Last Year’s Tax Bill?

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years. Consider these ideas for reducing your tax bill before…


  • Kirsch CPA Group
  • Feb 18, 2021

Last-Minute Tips for Your 2020 Personal Return

Goodbye, 2020. Hello, tax season. Individual taxpayers have until April 15, 2021, to pay Uncle Sam for taxes owed for 2020. (Remember, you can extend the deadline for filing your return until October 15, but…


  • Dreama Gordon-Tipton
  • Feb 18, 2021

Opportunity Zone Investments: A Tax Deferral Opportunity You May Have Overlooked

Many investors are unaware of the potential to defer taxes by investing in a qualified opportunity zone (“QOZ”). Created by the Tax Cuts and Jobs Act of 2017 and intended to spur economic development in…


  • Kirsch CPA Group
  • Feb 17, 2021

Are You Thinking About Selling Your Business?

The COVID-19 pandemic has put unprecedented stress on private business owners. Some are now considering selling their businesses before Congress has a chance to increase the rates on long-term capital gains. Before putting your business…


  • Kirsch CPA Group
  • Feb 04, 2021

CAA Offers Tax Breaks for Manufacturers

The Consolidated Appropriations Act (CAA) — the massive spending package passed in December 2020 — includes many tax breaks designed to help businesses that have been struggling during the COVID-19 pandemic. Specifically, the new law…


  • Kirsch CPA Group
  • Feb 04, 2021

Important Tax Figures for 2021

The following table provides some important federal tax information for 2021, as compared with 2020. Some of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/ Medicare 2021 2020 Social…


  • Kirsch CPA Group
  • Feb 04, 2021

Contractors: Fraud Prevention Starts with You

From equipment theft to padded time to cyberattacks, contractors are vulnerable to a variety of fraud schemes. According to the Association of Certified Fraud Examiners, the median loss due to internal fraud is $200,000 for…


  • Kirsch CPA Group
  • Feb 04, 2021

Is Your Estate Plan Aging as Gracefully as You Are?

A lot can change over a lifetime — including with your wealth, family composition, and priorities. That's why you need to revise your estate plan as you progress through life. Milestones such as becoming a…


  • Kirsch CPA Group
  • Feb 04, 2021

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