Can Your Manufacturing Company Benefit from a Cost Segregation Study?

When manufacturers buy, build or improve their facilities, it involves a substantial investment. But these expenses generally can't be immediately deducted for tax purposes. Fortunately, there may be another approach that will allow you to Read More

Kirsch CPA Group

Jun 12, 2024

Insight Into Proposed Donor-Advised Fund Regulations

The popularity of donor-advised funds (DAFs) is surging. According to the 2023 DAF Report issued by the National Philanthropic Trust (NPT), donors poured over $52.16 billion into DAFs in 2023, a 9% increase over 2022. Read More

Kirsch CPA Group

Jun 10, 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 Read More

Kirsch CPA Group

May 13, 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 Read More

Kirsch CPA Group

Apr 24, 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 Read More

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 Read More

Kirsch CPA Group

Apr 09, 2024

Applying for a Commercial Loan with Confidence

Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the form of a commercial loan from a bank or Read More

Kirsch CPA Group

Feb 28, 2024

Why Footnote Disclosures Are Important

Footnote disclosures provide insight into account balances, accounting practices and potential risk factors. This information helps lenders, investors and other financial statement users make well-informed business decisions. Here are five critical risk factors that financial Read More

Kirsch CPA Group

Feb 26, 2024

An Overview of the Percentage of Completion Accounting Method for Construction Businesses

In the complex and sometimes chaotic world of long-term construction projects, many contractors find themselves struggling to accurately align the revenue coming in with the expenses being paid out. This is where the percentage of Read More

Kirsch CPA Group

Feb 13, 2024

7 Tasks For a Successful Nonprofit Finance Committee

A nonprofit's finance committee oversees and keeps its board of directors apprised of the organization's overall financial health. This should be more than simply scanning financial reports. An active finance committee is crucial to maintain Read More

Kirsch CPA Group

Jan 29, 2024