The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a “major tax loophole exploited by large, ...
IRS Targets Partnership Tax-Reduction Tactic
Why Strategic Planning and Succession Planning Should Always Go Together
Oct 01, 2024Some small to midsize businesses engage in regular strategic planning, others let it fall by the wayside and adhere to a more “fly by the seat of our pant...
How a Budget Can Contribute to Your Success
Sep 30, 2024One reason many people disdain the budgeting process is that they associate budgets with restraint — that is, not spending money for something because it̵...
When Employee Awards and Gifts Are Tax Deductible
Sep 26, 2024Let’s say your company wants to commemorate the long career of a retiring employee instrumental in its success. It hosts an evening celebration that culmi...
Kirsch CPA Group Transitions to 100% Employee Ownership
Sep 25, 2024We’ve taken a big step at Kirsch CPA Group, and we’re excited to share what that means for all of us: clients, prospects, team members, aspiring team member...
Business Owners: Expiration Date Is Approaching for Certain TCJA Provisions
Sep 18, 2024The Tax Cuts and Jobs Act (TCJA) included many important federal income tax provisions that affect small business taxpayers and their owners. Some of these prov...
4 Strategies for Construction Companies Navigating Economic Slowdown & Labor Shortages
Sep 17, 2024Construction can be a challenging enterprise. Even when economic conditions are favorable, construction business owners need more than cookie-cutter financial s...
How Financial Statements Are Used to Value a Business
Sep 12, 2024Financial statements are an important piece of the business valuation puzzle. Appraisal professionals typically consider three approaches when valuing a busines...
7 Areas of Form 990 Audit Scrutiny
Sep 10, 2024The IRS can initiate an audit of your nonprofit organization for any number of reasons. But one of the most common is a red flag sent up by your annual filing o...
Tax-Smart Way to Hold Investment Real Estate
Sep 04, 2024Real estate can be an attractive long-term investment. But the legal entity you select to own property can have important tax implications. Here’s why sin...