7 Questions Contractors Should Ask Before Seeking Outside Financing

Construction companies can leverage loans, lines of credit and other such products to help ensure positive cash flow, build creditworthiness and fuel business growth. But the options can seem limitless and overwhelming. Here are seven Read More

Kirsch CPA Group

Sep 08, 2023

New Upcoming Requirement for Businesses that Receive Large Amounts of Cash

Does your business receive large amounts of cash or cash equivalents? If so, you're generally required to report these transactions to the IRS — and not just on your tax return. Beginning January 1, 2024, Read More

Kirsch CPA Group

Sep 07, 2023

Keep Money Laundering From Threatening Your Small Business

When criminals profit from illicit activities, they usually need to "clean" or disguise the proceeds of their crimes. Money laundering disconnects illegally acquired funds from sources that include theft, drug trafficking and terrorism. This makes Read More

Kirsch CPA Group

Sep 05, 2023

Start Succession Planning

There are many family-owned businesses in the United States, and quite a few of them are facing ownership-transfer issues as their Baby Boomer founders retire. Some older Generation X owners may even be pondering early Read More

Kirsch CPA Group

Aug 31, 2023

6 Payroll Tax Obligations Employers Should Know

There's more to paying taxes than just federal and state income taxes. Another major tax chore for employers is payroll taxes. These expenditures can be significant, and the reporting requirements can be onerous. So it's Read More

Kirsch CPA Group

Aug 29, 2023

Using Analytics to Improve Efficiency for Audits

Analytical procedures are required for all financial statement audit engagements, according to the auditing standards published by the American Institute of Certified Public Accountants (AICPA). Audit analytics can help minimize the time and cost associated Read More

Kirsch CPA Group

Aug 25, 2023

Breakeven and Burn Rate: Valuable Tools for Managing Performance

Breakeven and burn rate have historically been used to gauge the viability of start-ups and high-tech companies that have yet to turn a profit. But these analytical tools can also be used by established businesses Read More

Kirsch CPA Group

Aug 15, 2023

Is Your Business Eligible for ERC or Is It a Scam?

“IRS cracks down on aggressive ERC marketing promoters and employers filing dubious claims” On July 26, 2023, the IRS Commissioner, Danny Werfel, announced that the agency has made significant progress in processing Employee Retention Credit Read More

Sue Schloemer

Aug 15, 2023

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 Read More

Kirsch CPA Group

Jul 28, 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 Read More

Katie Keller

Jul 06, 2023