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

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

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