Insight Into Proposed Donor-Advised Fund Regulations
The popularity of donor-advised funds (DAFs) is surging. According to the 2023 DAF Report issued by the National Philanthropic Trust (NPT), donors poured over $52.16 billion into DAFs in 2023, a 9% increase over 2022.…
- Kirsch CPA Group
- Jun 10, 2024
ACFE Publishes New Fraud Study
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators and victims of occupational fraud. "Occupational Fraud 2024: A Report to the Nations" was recently released. It…
- Kirsch CPA Group
- Jun 09, 2024
Empowering the Future: Reflecting on Kirsch’s Inaugural Leadership Program
Kirsch CPA Group recently hosted our inaugural Future Accountants Leadership Program and we are delighted with the outcome. Throughout the program, our goal was for local university accounting students to gain a firsthand experience of…
- Diane Glover
- Jun 07, 2024
Close-Up on Pass-Through Entity Tax Laws
At the start of 2024, three dozen states and New York City already had pass-through entity taxes (PTETs) on their books, with legislation pending in three other states. These types of workarounds for the current…
- Kirsch CPA Group
- May 29, 2024
Calculating Breakeven and Burn Rate
In an uncertain economy, it's important to use all possible methods available to analyze and evaluate your company's financial health. Here are two metrics owners and managers might find helpful: breakeven and burn rate. …
- Kirsch CPA Group
- May 27, 2024
DOL Expands Overtime to Millions of Workers
In April 2024, the U.S. Department of Labor (DOL) issued a new final rule that's slated to expand the number of workers who are eligible for overtime pay under the federal Fair Labor Standards Act…
- Kirsch CPA Group
- May 22, 2024
What’s the Difference Between a Calculation of Value and a Conclusion of Value?
Most business valuation assignments call for a conclusion of value. However, there may be times when a calculation of value can be a quicker, more cost-effective solution. Value Conclusions When providing conclusions of value,…
- Kirsch CPA Group
- May 14, 2024
Construction Business Owners: Avoid These Two Common Accounting Problems
For construction companies, accounting isn't as simple as just balancing the books every month. Contractors tend to have multiple projects underway at various stages of completion and, ideally, more in the pipeline. Your accounting practices…
- Kirsch CPA Group
- May 13, 2024
IRS Issues Final Regulations Regarding the Advanced Manufacturing Investment Credit
The Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act — signed into law in 2022 — provides generous tax incentives to increase domestic production of semiconductors, also known as chips. More specifically, the…
- Kirsch CPA Group
- May 10, 2024
Updated Guidance on Business Vehicle Depreciation
The rules for deducting depreciation expenses on vehicles used for business purposes have been liberalized under current tax law, but they remain complicated. In addition, annual inflation adjustments make allowable depreciation deductions moving targets. (See…
- Kirsch CPA Group
- May 06, 2024