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
Global Fraud Epidemic: How to Keep Your Organization Safe
Could your organization be the next victim of fraud in an increasingly tense global marketplace? No one wants to believe that their trusted employees would steal assets or manipulate financial information for criminal purposes. But…
- Kirsch CPA Group
- Jun 15, 2020