5 Best Practices for Determining the True Cost of Goods Sold for Manufacturers
Manufacturing businesses typically operate on narrow margins, complicated by inventory challenges and material costs over which they have little control. It’s an environment in which a thorough understanding of the true cost of the products…
- Nick Roell
- Jul 10, 2024
Business Planning Basics: Why Financial Data Is Essential
Business plans aren't only for young companies seeking initial financing. They can also help established companies make strategic decisions and communicate with lenders and investors when they seek new capital infusions. Here's an overview of…
- Kirsch CPA Group
- Jul 09, 2024
Business Owners: Understanding Value Is Key to Updating Your Estate Plan
Summer is a great time for business owners to review their estate plans. Maybe your kids are home for summer break, so they're top of mind. Or perhaps you're vacationing with relatives or getting together…
- Kirsch CPA Group
- Jul 07, 2024
Kirsch CPA Honored as a Finalist for 2024 Greater Cincinnati’s Best Places to Work
At Kirsch CPA, the foundation of our success is a dedicated and passionate team. We are happy to announce that Kirsch CPA is a finalist for Greater Cincinnati’s Best Places to Work award. This is…
- Kirsch CPA Group
- Jun 26, 2024
Get a Handle on Working Capital
Working capital management is a top priority for businesses today. Consulting firm The Hackett Group's 2023 Working Capital Survey reports that many companies are carrying high amounts of working capital on their balance sheets —…
- Kirsch CPA Group
- Jun 24, 2024
Valuing Donations of Private Business Stock
Some business owners may be considering donating corporate stock to charities in 2024. Donations of public stocks are generally easy to value because their prices are listed on public stock exchanges. But valuations of private…
- Kirsch CPA Group
- Jun 17, 2024
Intuit QuickBooks Desktop Products and the Broader Industry Shift Towards Cloud-based Solutions
QuickBooks Desktop Subscriptions Discontinued: What It Means for Your Business Moving Forward Intuit has announced that after July 31, 2024, they will discontinue new subscriptions for several QuickBooks Desktop products in the US, including: QuickBooks…
- Katelyn Elmore
- Jun 13, 2024
Five Things Your Bookkeeper Wants You to Know
A good bookkeeper is a tremendous asset in a small or mid-sized business, ensuring an accurate and organized record of the critical financial details and processes that keep an enterprise going day-to-day. But as your…
- Nick Roell
- Jun 12, 2024
Can Your Manufacturing Company Benefit from a Cost Segregation Study?
When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can't be immediately deducted for tax purposes. Fortunately, there may be another approach that will allow you to…
- Kirsch CPA Group
- Jun 12, 2024
Construction Business Owners: Prepare Now for Possible Tax Law Changes
The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping changes to various aspects of tax law for both individuals…
- Kirsch CPA Group
- Jun 11, 2024