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

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

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