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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
10 Ways Cloud Computing Can Benefit Manufacturers
The quest for skilled laborers As the end of the first quarter of the 21st century nears, cloud computing has become an integral part of the modern-day manufacturing environment, growing in leaps and bounds over…
- Kirsch CPA Group
- Apr 10, 2024
GAAP vs. Tax-Basis Accounting: What’s Right for Your Company?
Does your business need to prepare financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP)? Or can you simply generate financial statements based on the same methods you use for federal income tax…
- Kirsch CPA Group
- Apr 10, 2024
How Construction Businesses Can Better Manage Their Money
For construction businesses, financial management is notoriously complex. Contractors have to deal with the ebbs and flows of their respective markets, project-based pricing and collections, rising operating costs, and various other factors — not the…
- Kirsch CPA Group
- Apr 09, 2024
6 Potential Tax Deductions for Nonprofits
In general, organizations that qualify under Section 501(c)(3) of the tax code are exempt from paying federal income tax. However, some not-for-profits may seek to offset unrelated business income tax (UBIT) or income tax in…
- Kirsch CPA Group
- Apr 09, 2024
Court Rules Corporate Reporting Law is Unconstitutional but Requirements Remain
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the U.S. District Court for the Northern District of Alabama…
- Kirsch CPA Group
- Mar 27, 2024
Installment Sales Can Be a Win-Win for Buyers and Sellers
For federal income tax purposes, an installment sale is when at least one payment of proceeds from an eligible sale is deferred until after the end of the tax year in which the sale occurs.…
- Kirsch CPA Group
- Mar 25, 2024
Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?
The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, according to the U.S. Bureau of Labor Statistics. The Manufacturing Institute, an independent industry…
- Kirsch CPA Group
- Mar 13, 2024
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