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Offer FSAs to Employees? You May Need to Act Before Year End
During this pandemic year, many employees have relied on flexible spending accounts (FSAs) to pay for health care and dependent care costs. This includes expenses related to COVID-19. Employers that offer employees FSAs also reap…
- Kirsch CPA Group
- Oct 15, 2020
Are Your Construction Contracts COVID-proof?
It's the fourth quarter of 2020, and the COVID-19 pandemic continues to affect the construction industry. Project delays, work stoppages, supply chain disruption and lost productivity remains a reality for many contractors. All of this…
- Kirsch CPA Group
- Oct 15, 2020
Tax Planning Tips for Individuals
It is the 4th quarter, it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. There are a lot of moving pieces: The COVID-19 pandemic has caused…
- Kirsch CPA Group
- Oct 09, 2020
Tax Planning Tips for Business Owners
The 4th quarter of 2020 has begun and it is more important than ever to consider mid-year tax planning ideas. What steps can business owners take today to lower taxes for the current tax year?…
- Kirsch CPA Group
- Oct 09, 2020
Meet our New Team Members at Kirsch CPA Group
Kirsch CPA Group has welcomed several new team members over the summer. Please join us in welcoming our new team members and watch them Thrive. Austin Sams joins Kirsch CPA Group with over 4…
- Diane Glover
- Oct 02, 2020
Tax Implications When Lenders Cancel Debts in the COVID-19 Era
In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers. While debt forgiveness can help…
- Kirsch CPA Group
- Oct 01, 2020
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Paying your employees for hours that you know they've worked is straightforward enough. But what if they're doing more work than you think they are — or more than you've asked them to do? As…
- Kirsch CPA Group
- Oct 01, 2020
What You Need to Know About the Deferral of Payroll Tax Obligations
Our office has received numerous inquiries about President Trump’s recent memorandum. On August 8, 2020, President Trump signed an executive order allowing an elective deferral of the 6.2% employee share of Social Security tax. The…
- Kirsch CPA Group
- Sep 15, 2020
CARES Act Changes Rules for NOL Carrybacks and QIP
Consider these two favorable federal income tax rule changes included in the Coronavirus Aid, Relief and Economic Security (CARES) Act when deciding whether to take advantage of first-year depreciation breaks for assets placed in service…
- Kirsch CPA Group
- Sep 15, 2020
Paying for Group Health Plan Administrative Expenses
Here's a question from an employer about paying the administrative expenses of a group health plan. Q. Due to declining health care spending during the COVID-19 pandemic, we anticipate receiving a medical loss ratio rebate…
- Kirsch CPA Group
- Sep 15, 2020
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