Supreme Court Finds No Standing to Challenge a Provision of the ACA
A number of states and individual taxpayers sought to challenge the constitutionality of a provision in the Affordable Care Act (ACA). In a 7-2 decision, the U.S. Supreme Court has ruled that both the state…
- Kirsch CPA Group
- Jun 24, 2021
Where Is My 2020 Tax Refund?
Where’s my 2020 tax refund? If you are asking this question you are not alone. In May 2021, the Tax Advocate Service provided an update stating the IRS has struggled to handle a recent backlog…
- Sue Schloemer
- Jun 19, 2021
What to Do When Your Bank Wants Financial Statements
If a bank, investor, buyer, bond agency, or other third-party asks for or demands your financials—and your CPA firm cannot provide them in a timely manner—you may not get the loan or credit line increase…
- Kirsch CPA Group
- Jun 11, 2021
What Your Numbers Are Saying: Are You Listening?
Part 1: Do You Know Your Profitability?
When evaluating the financial health of your business, it’s important to look at a variety of indicators – but how can you be sure you have the right numbers? Are you as profitable as you…
- Kirsch CPA Group
- Jun 09, 2021
Labor Shortage: Unlock Solutions by Evaluating Your Employment Value Proposition
In normal market conditions, people who've been unemployed due to an economic slump are generally eager to take a job when the economy perks up. But times are far from normal in many places and…
- Kirsch CPA Group
- Jun 09, 2021
7 Valuable Deductions for Self-Employed Individuals
If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you're looking to fulfill a lifelong dream of running a business for…
- Kirsch CPA Group
- Jun 09, 2021
Does Your Business Need a CFO?
Most business owners recognize a chief financial officer (CFO) as the financial steward of an organization who can free them up to focus on growth and other areas. Yet, many small and medium-sized business owners…
- Pete Abner
- Jun 01, 2021
5 Steps to Finding the Sweet Spot for Business Success
Business owners almost always have a clear idea of what success will look like but converting a vision into reality and achieving a set of goals is a lot harder than establishing them. When goals…
- John Kirsch
- May 28, 2021
How to Approach Succession Planning
Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they'll get to "someday." But that's…
- Kirsch CPA Group
- May 27, 2021
Material Participation Standard is the Key to Unlocking LLC Tax Losses
Many privately held businesses have incurred losses during the COVID-19 pandemic. Unfortunately, the federal income tax passive activity loss (PAL) rules can limit an owner's ability to currently deduct tax losses thrown off by passive…
- Kirsch CPA Group
- May 27, 2021