The One Big Beautiful Bill Act (OBBBA) eased the rules in 2026 for Form 1099-NEC, “Nonemployee Compensation,” and Form 1099-K, “Payment Card a...
1099 Rules Changes for Businesses
Updated QOZ Program May Boost Construction Activity
Jan 12, 2026The federal Qualified Opportunity Zone (QOZ) program incentivizes investment in designated low-income communities (or “zones”) across the United Sta...
Control Expenses and Improve Efficiency by Monitoring Financial Ratios
Jan 07, 2026In general, not-for-profits should work with professional financial advisors to ensure they’re complying with the IRS’s rules for tax-exempt organiz...
3 Critical Questions to Ask When Acquiring Construction Equipment
Dec 15, 2025Acquiring equipment is a major strategic decision for small to midsize construction businesses. It affects everything from bid selection to cash flow management...
Traveling for Business with Your Spouse
Dec 12, 2025If you’re a business owner, you may have upcoming business trips on your agenda. The idea of taking your spouse along may seem like a bonus, allowing you ...
Contractors: How’s Your Succession Plan Coming Along?
Dec 02, 2025A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded did...
Combating Fraudulent AI-Generated Receipts in Expense Reports
Nov 24, 2025The rapid advancement of artificial intelligence (AI) has brought tremendous benefits to organizations, but it has also introduced new avenues for fraud. One em...
Major Change: OBBBA and R&E Expense Deductions
Nov 12, 2025Background: The Impact of the TCJA Since 2022, the Tax Cuts and Jobs Act (TCJA) has required businesses to capitalize and amortize domestic research and experim...
How Financial Statements Unlock Business Value
Nov 07, 2025As calendar-year entities start work on their year-end financials, it’s important to remember that financial reporting is about more than compliance. Fina...
Case Study: Plumbing Business Owner Finds a Clear Path to a Profitable Retirement
Oct 27, 2025When a successful plumbing, electrical, and HVAC company suddenly lost its accounting provider, the owner turned to Kirsch CPA Group for help filing tax return...