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
Financial bar chart

5 Gaps that Can Distort Your Monthly Financial Visibility

Monthly financial statements are the cornerstone of a thriving business. Yet, relying solely on cash basis accounting practices – such as entering deposits and bills into QuickBooks - may leave significant gaps in your financial…

  • Nick Roell
  • May 02, 2024

Growth Strategies: How to Take Your Business to the Next Level

Once your business has survived the start-up phase, it's got a solid foundation to grow. Business and financial advisory services are critical at this stage of development. Here are some major areas or functions of…

  • Kirsch CPA Group
  • Apr 24, 2024

Are You Familiar With the FUTA Tax?

You're probably knowledgeable about the FICA tax, which was established by the Federal Insurance Contributions Act, and is paid by both employers and employees through payroll deductions. FICA tax includes a Social Security and Medicare…

  • Kirsch CPA Group
  • Apr 22, 2024
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