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How Rising Interest Rates and Inflation May Affect Financial Reporting
External market conditions may affect the amounts reported for certain items on the financial statements, including profits, loans, leases, investments and intangible assets. Estimates and disclosures for various items may be affected by current (or…
- Kirsch CPA Group
- Jul 28, 2023
How Businesses Can Remain Agile Amid Economic Uncertainty
Most business owners can agree that we are living in strange economic times. Some industries are thriving while others are struggling to contend with high interest rates, lingering supply chain issues, and inconsistent consumer behavior.…
- Anthony Lewis
- Jul 24, 2023
Four Kirsch CPA Group Team Members Take on New Roles
Kirsch CPA Group takes great pride in nurturing and developing the incredible talent within our team. We are proud to announce the promotions of four team members who consistently demonstrate commitment to excellence and client…
- Diane Glover
- Jul 20, 2023
Midyear Tax Planning for Small Businesses and Owners
Summer isn't just for barbecues and baseball. It's also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming…
- Kirsch CPA Group
- Jul 18, 2023
3 Big Inventory Issues for Construction Companies
In the construction industry, supply-chain challenges are nothing new. They've just gotten much more media attention over the last few years. Increased globalization, a pandemic and geopolitical strife have all contributed to some notable slowdowns,…
- Kirsch CPA Group
- Jul 17, 2023
M&A Reminder: Earnouts Bring Critical Tax Considerations
Merger and acquisition (M&A) activity is widely expected to pick up this year, after a lull in 2022. Amid economic uncertainty, earnouts are likely to play a big role in many deals. The structuring of…
- Kirsch CPA Group
- Jul 15, 2023
Don’t Jeopardize Your Nonprofit’s Tax-Exempt Status
The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits couldn't obtain the financial and other support they need to fulfill their mission. That's why you need to protect your exempt…
- Kirsch CPA Group
- Jul 12, 2023
6 Best Practices for Reducing Your Operating Costs
All business owners know they need to keep a keen eye on operating expenses, especially during economically uncertain times. Even small savings can add up when it comes to boosting profit margins, and reducing operating…
- Nick Roell
- Jul 10, 2023
Ohio Enacts Bill Containing Favorable Tax Changes
On July 3, 2023, Governor Mike DeWine signed into law House Bill 33, Ohio’s 2024-2025 biennial budget legislation. This new law includes changes that will affect the Commercial Activity Tax exemptions, the resident tax credit,…
- Sue Schloemer
- Jul 06, 2023
Grow Your Business with Insights from a Clean & Optimized QuickBooks Account
It’s easy to get sidetracked in the day-to-day demands of running a business and let your financial reporting processes take a back seat. When used to its full potential, accounting software like QuickBooks can put…
- Katie Keller
- Jul 06, 2023
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