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4 Important Changes on Your 2020 Tax Return
The pandemic has led to several changes to the tax rules for last year. Here's a summary of four taxpayer-friendly changes that may affect your 2020 federal income tax return. 1. Limited Charitable Deduction…
- Kirsch CPA Group
- Mar 17, 2021
COVID-19 Relief: Overview of the New American Rescue Plan Act for Individuals
The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations, and state and local…
- Kirsch CPA Group
- Mar 17, 2021
COVID-19 Relief: Business Overview of the New American Rescue Plan Act
The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations, and state and local…
- Kirsch CPA Group
- Mar 17, 2021
Nine Ways Contractors Can Maintain Healthy Cash Flow
Contractors trying to keep their construction companies financially healthy face two intrinsic challenges: the seasonal nature of construction work and the unpredictability of an invoice-based business. Both can disrupt cash flow and make collecting and paying…
- Kirsch CPA Group
- Mar 04, 2021
How Your Nonprofit Can Act on 2021’s Biggest Trends
What can not-for-profit organizations expect in 2021 and beyond? One recent report, "11 Trends in Philanthropy for 2021," offers some answers. Produced by the Dorothy A. Johnson Center for Philanthropy at Grand Valley State University (Grand…
- Kirsch CPA Group
- Mar 04, 2021
Gauging the Reasonableness of Owners’ Compensation Deductions
For most privately held businesses, owners' compensation is one of the largest expenses on the income statement, especially when all the related perks and hidden costs are calculated. Compensation should accurately reflect what others would receive…
- Kirsch CPA Group
- Mar 04, 2021
Do You Need More from Your Accounting Firm?
Is your accountant unintentionally holding back your business and costing you money and opportunity? The lifecycle of a business has many inflection points. The accountant you used when your biggest concern was filing a tax…
- Kirsch CPA Group
- Jun 13, 2022
Can Employers Require Workers to Be Vaccinated for COVID-19?
Vaccinations can be an emotionally fraught issue for some people, for various reasons, and the COVID-19 vaccines being administered today come with additional fears about potential side effects. Yet the risk of contracting COVID-19 —…
- Kirsch CPA Group
- Feb 18, 2021
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
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