Tax Implications When Lenders Cancel Debts in the COVID-19 Era

Oct 01, 2020 Kirsch CPA Group

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 tha...

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Monitor Overtime Pay for Your Remote Workers: DOL Guidance

Oct 01, 2020 Kirsch CPA Group

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 ...

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What You Need to Know About the Deferral of Payroll Tax Obligations

Sep 15, 2020 Kirsch CPA Group

Our office has received numerous inquiries about President Trump’s recent memorandum. On August 8, 2020, President Trump signed an executive order allowing an...

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CARES Act Changes Rules for NOL Carrybacks and QIP

Sep 15, 2020 Kirsch CPA Group

Consider these two favorable federal income tax rule changes included in the Coronavirus Aid, Relief and Economic Security (CARES) Act when deciding whether to ...

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Paying for Group Health Plan Administrative Expenses

Sep 15, 2020 Kirsch CPA Group

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 CO...

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Hobby or Business? How to Treat COVID-19 Sideline Activities for Taxes

Sep 15, 2020 Kirsch CPA Group

Today, many people sell homemade products online or work on some unincorporated sideline venture outside of their regular day jobs. Such activities can generate...

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Kirsch CPA Group Named Best of the Best

Sep 03, 2020 Diane Glover

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 Bes...

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Avoid Personal Liability for Unpaid Federal Payroll Taxes

Sep 03, 2020 Kirsch CPA Group

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...

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Meet our Newly Promoted Senior Analysts

Sep 03, 2020 Kirsch CPA Group

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...

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Forecasting Cash Flow for Valuation in COVID-19 Era

Sep 03, 2020 Kirsch CPA Group

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 cr...

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