4 Ways for Manufacturing Companies to Improve Productivity
The basic formula for success in the manufacturing sector is simple: Produce more, spend less. So-called "lean" manufacturing is easier said than done, but there are several improvements that can increase your firm's output. Lean…
- Kirsch CPA Group
- Jul 07, 2021
5 Common Construction Accounting Risks — and How to Address Them
The primary focus of most contractors is to complete projects according to specifications, on time and on budget. For some construction businesses, accounting tasks that support jobs can take a backseat. Unfortunately, without accurate and…
- Kirsch CPA Group
- Jul 07, 2021
Got Remote Workers? You Need to Understand Jurisdiction
The pandemic isn't in the rearview mirror yet, but it's already clear that the U.S. business landscape has changed. Many employers, for example, are expected to allow their remote workforce to remain working from home…
- Kirsch CPA Group
- Jul 07, 2021
Advanced Child Tax Credit Payments – You may want to Opt Out
In June, the IRS sent letters regarding advance payments of the Child Tax Credit (CTC) to potentially eligible taxpayers. For 2021 only, the CTC increases to $3,000 per child between the ages of 6 and…
- Stephanie Rupnik
- Jun 30, 2021
Danger! How Nonprofits Often Lose Their Tax-Exempt Status
With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current…
- Kirsch CPA Group
- Jun 24, 2021
4 Pillars of Mid-Year Business Planning
Manufacturing firms normally create a business plan at year end that focuses on the upcoming year. However, today's market conditions are anything but "normal." So, it's important to take the time this summer to revisit…
- Kirsch CPA Group
- Jun 24, 2021
Preventing Theft of Your Business’s Trade Secrets
With millions of U.S. employees still working from home, companies' intellectual property (IP) is at greater-than-usual risk of theft, loss or compromise. IP includes trademarks, copyrights, patents and, the most common IP asset, trade secrets.…
- Kirsch CPA Group
- Jun 24, 2021
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