Can Your Manufacturing Company Benefit From the Work Opportunity Tax Credit?

The quest for skilled laborers in the manufacturing sector continues. Indeed, more than 600,000 manufacturing-related jobs remained open in December 2023, according to the U.S. Bureau of Labor Statistics. The Manufacturing Institute, an independent industry Read More


Kirsch CPA Group

Mar 13, 2024

Help Staffers Boost Retirement Savings With a Roth 403(b) Plan

For-profit businesses with 401(k) retirement plans can offer Roth 401(k) plans to their employees. Likewise, not-for-profits can add a Roth feature. Roth 403(b) plans reward participants with tax benefits when they withdraw funds (as opposed Read More


Kirsch CPA Group

Mar 12, 2024

Construction Companies Can Manage Their Workers’ Comp Costs

For construction businesses, workers' compensation insurance is a must-have. Unfortunately, because of factors such as inflation and labor shortages, the cost per claim has generally increased industrywide in recent years. It may seem like there's Read More


Kirsch CPA Group

Mar 11, 2024

How Accounting Expertise Can Add Value to a Business

Accounting has traditionally been focused on historical data and compliance for regulatory and lending purposes. However, it's now at the center of strategic decisions and value creation. Here are ways that accounting professionals can help Read More


Kirsch CPA Group

Mar 08, 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

Keys to Avoiding Payroll Tax Trouble

What would happen if your company failed to pay the IRS payroll taxes when they're due? You could be on the hook for penalties and, if you're treated as a "responsible party," held personally liable Read More


Kirsch CPA Group

Feb 27, 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

QBI Deduction: Use It or (Possibly) Lose It

The qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it's scheduled to disappear, unless Congress passes legislation to extend it. With 2024 underway, it's now use-it-or-lose-it time for the 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

Dos and Don’ts for Business Expense Deductions

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but Read More


Kirsch CPA Group

Feb 12, 2024