Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes
Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs. Such activities can generate extra spending money. This can be especially helpful for retired people…
- Kirsch CPA Group
- Sep 15, 2020
Kirsch CPA Group Named Best of the Best
INSIDE Public Accounting (IPA) has unveiled its list of the Best of the Best public accounting firms in the nation for 2020 and... Kirsch CPA Group is a Best of the Best, again! Kirsch CPA…
- Diane Glover
- Sep 03, 2020
Avoid Personal Liability for Unpaid Federal Payroll Taxes
During the COVID-19 pandemic, some cash-strapped employers may fail to pay federal income and employment taxes that were withheld from employee paychecks to the U.S. Treasury. In the eyes of the IRS, this is a…
- Kirsch CPA Group
- Sep 03, 2020
Meet our Newly Promoted Senior Analysts
We are proud to announce the promotion of Ryan Smith and Alex Getz to Senior Analyst. "Both Ryan and Alex have provided our clients with exceptional value. We are excited to promote these two individuals…
- Kirsch CPA Group
- Sep 03, 2020
Forecasting Cash Flow for Valuation in COVID-19 Era
Business valuation is a prophecy of the future. That is, investors typically value a business based on its ability to generate future cash flow. The COVID-19 crisis has caused operations to change for many businesses,…
- Kirsch CPA Group
- Sep 03, 2020
The IRS Releases this Year’s Dirty Dozen Tax Scams
Each year, the IRS compiles a list of 12 common tax scams that taxpayers may encounter during the year. This year, the "dirty dozen" list focuses on scams that target individual taxpayers, with special emphasis…
- Kirsch CPA Group
- Aug 24, 2020
Tax Considerations for Principal Residence Foreclosures Today
Despite the COVID-19 crisis, residential real estate prices generally remain stable or are even rising in many areas. Even so, pandemic-related financial stress may cause some homeowners to be unable to make their mortgage payments.…
- Kirsch CPA Group
- Aug 19, 2020
Don’t be surprised by Ohio Workers Comp Premium Adjustments
In an effort to reduce the burden to businesses during the COVID-19 pandemic, the Ohio Bureau of Workers Compensation has taken action that will result in lower advance premium payments during 2020. However, this action…
- Kirsch CPA Group
- Aug 18, 2020
Monitor These 3 Things as COVID-19 Changes Your Nonprofit’s Priorities
Several months into the COVID-19 crisis, most not-for-profit organizations have formulated at least a temporary plan for sustaining operations. But short-term solutions should be complemented by long-term strategic planning that reprioritizes objectives. Specifically, your nonprofit…
- Kirsch CPA Group
- Aug 11, 2020
Purchasing a Business Vehicle – What Is Deductible for 2020?
Purchases of a new and used business vehicle may qualify for tax breaks under current tax law. If you need a new vehicle to use for business purposes, review these details before you go shopping.…
- Kirsch CPA Group
- Aug 11, 2020