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

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

What Construction Businesses With Inventory Should Know About Section 263A

Section 263A is an often misunderstood and misapplied part of the Internal Revenue Code. And it's one that many construction businesses — particularly homebuilders — should get a handle on to avoid unexpected tax issues Read More

Kirsch CPA Group

Aug 14, 2023

4 Strategies to Strengthen Your Small Business

Even at the best of times, the future is unpredictable. As anyone who has run a business for any length of time understands, there will often be challenges, many of which are unexpected — such Read More

Kirsch CPA Group

Jul 31, 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

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. Read More

Anthony Lewis

Jul 24, 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, Read More

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 Read More

Kirsch CPA Group

Jul 15, 2023

Benchmarking to Gauge Risk in Business Valuation

Benchmarking — or comparing a company's financials to those of industry peers and its own historical performance — can provide insight into future cash flows and operating risks. Business valuation professionals use the following types Read More

Kirsch CPA Group

Jun 27, 2023