PPP Loan Forgiveness Update

We understand that many PPP borrowers are anxious to get started with the loan forgiveness process for a variety of reasons. Our Covid-19 team has kept completely updated on all guidance issued and stands ready…


  • Diane Glover
  • Jul 29, 2020

FASB Offers Reprieve from Updated Lease and Revenue Recognition Rules

If you're feeling burned out from coping with extreme circumstances brought on by the COVID-19 pandemic, you're not alone. Fortunately, the Financial Accounting Standards Board (FASB) and Congress are offering some compliance-related relief for certain…


  • Kirsch CPA Group
  • Jul 23, 2020

Who Will Run Your Business After You?

If you're a business owner, do you have a plan in place that names who'll follow you as head of your company? You may feel you're too busy running the business today to waste time…


  • Kirsch CPA Group
  • Jul 23, 2020

COVID-19 Crisis May Affect Tax Angles for Rental Property Losses

The economic fallout from the COVID-19 crisis will cause many rental real estate properties to run up tax losses in 2020 — and possibly beyond. Here's a summary of important federal income tax rules for…


  • Kirsch CPA Group
  • Jul 10, 2020

HIPAA Special Enrollment during COVID-19 Emergency

Here's a HIPAA-related question from one employer. Q. How long are the extended HIPAA special enrollment periods during the COVID-19 emergency? A. In response to the COVID-19 emergency, the Department of Labor and IRS issued…


  • Kirsch CPA Group
  • Jul 10, 2020

Tax Relief Federal Tax Deadline

As a COVID-19 relief measure, the IRS has postponed many of the usual federal tax filing and payment deadlines, along with the deadlines for taking certain other tax-related actions. Generally, deadlines for federal income tax…


  • Kirsch CPA Group
  • Jul 10, 2020

Last-Minute Strategies for Businesses that Deferred Filing Tax Returns

During the COVID-19 crisis, some key tax deadlines were postponed until July 15, 2020. If your business and/or personal federal income tax return is still awaiting completion, you may have significant retroactive tax-planning flexibility. The…


  • Kirsch CPA Group
  • Jul 01, 2020

Defer Paying Certain Federal Payroll Taxes

Thanks to a provision included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, your business can defer paying certain federal payroll taxes. This privilege applies to the employer's 6.2% share of the Social…


  • Kirsch CPA Group
  • Jul 01, 2020

Using a Valuation Expert to Help with Chapter 11 Bankruptcy

The novel coronavirus (COVID-19) pandemic has caused many businesses to temporarily shut down or scale back operations. Slowly, states are allowing businesses to reopen to the public. But it may be too late for some…


  • Kirsch CPA Group
  • Jun 18, 2020

Can Your Business Survive and Even Thrive in These Trying Times?

The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational airlines and oil companies. As the economy slowly reopens across the country, old ways…


  • Kirsch CPA Group
  • Jun 18, 2020

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