When the pandemic hit in 2020, the Employee Retention Tax Credit (ERTC) was introduced under the CARES Act. Federal government officials and lawmakers created t...
Manufacturers: Implement Year-End Tax Planning Strategies Now to Reduce Your 2024 Tax Bill
Oct 14, 2024As the year draws to a close, it’s generally manufacturers’ last chance to implement strategies to reduce their 2024 tax liability. Several provisio...
Don’t Let Profit Fade Impact Your Construction Firm’s Annual Results
Oct 14, 2024A gradual decline in expected gross profits over the course of a project is known as “profit fade.” It not only undermines the financial performance...
5 Ways for Your Nonprofit to Weather Economic Uncertainty
Oct 11, 2024No one can predict with certainty where the U.S. economy will be at the end of 2024 or in 2025. The presidential election, interest rates, inflation, overseas c...
IRS Targets Partnership Tax-Reduction Tactic
Oct 01, 2024The IRS recently announced the launch of a new multistage regulatory initiative intended to close what it calls a “major tax loophole exploited by large, ...
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...