The accounting method you currently use for your small business may no longer be appropriate due to changes in market conditions or within your company. The IRS...
Spotlight: The Path™
Learn how Kirsch CPA Group’s proven advisory framework, The Path™, gives business owners financial clarity, structure, accountability and better results.
How Construction Business Owners Can Prepare for an IRS Audit
May 10, 2023The IRS has historically considered construction a high-risk compliance industry because of its potential for cash transactions, underreported income and worker...
Is Your Manufacturing Company Eligible for Clean Energy Tax Credits?
May 09, 2023The Inflation Reduction Act (IRA), enacted in late 2022, provides valuable tax credits that support clean energy manufacturing. Significantly, the law created t...
Got a “Business” Idea? You Might Want to Form a Nonprofit
May 08, 2023Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S c...
Got Fraud? Call a Forensic Accountant
May 08, 2023Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial los...
Need a CFO? Hire or Outsource
Apr 28, 2023Small business owners often have accounting questions and financial advisory needs that don’t always occur at regular intervals or around tax time. Opportunit...
Resist Purging After Filing Your 2022 Tax Return
Apr 27, 2023The statute of limitations for the IRS to audit your tax return is typically three years. It begins on the later of: 1) the due date for your tax return or 2) t...
How External Auditors Can Leverage Your Internal Audit Work
Apr 26, 2023If your organization has an internal audit function, you may be able to use your internal audit team to streamline financial reporting by external auditors. Ext...
New SECURE 2.0 Act Boosts 401(k) Benefits
Apr 25, 2023The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were he...
Measuring Fair Value for Financial Reporting Purposes
Apr 12, 2023Fair market value is the appropriate standard of value in most business valuation assignments. But when valuing an asset for financial reporting purposes, fair ...