Bad Debts: What Losses Can You Deduct and When?

Bad Debts: What Losses Can You Deduct and When?
Feb 18, 2021 Kirsch CPA Group

Attempts to claim write-offs for bad debt losses have fueled controversies with the IRS for many years. Unfortunately, bad debt losses are increasingly common d...

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How Can Business Owners Lower Last Year’s Tax Bill?

Feb 18, 2021 Kirsch CPA Group

Good news! Business taxpayers may still be able to take actions to lower their federal income tax liabilities for 2020, as well as for future years. Consider th...

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Important Tax Figures for 2021

Feb 04, 2021 Kirsch CPA Group

The following table provides some important federal tax information for 2021, as compared with 2020. Some of the dollar amounts are unchanged and some changed ...

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Tax Filing Deadline Remains April 15 – Payment Due Extended to July 15

Mar 19, 2020 John Kirsch

3/20/2020 – UPDATE – Filing Deadline Moved to 7/15/2020 The IRS just announced that the tax FILING deadline is being moved to 7/15/2020 along with t...

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1099 Deadline is Looming

Jan 23, 2020 Diane Glover

As the 1099 deadlines loom closer, one of the questions we are asked by entrepreneurs every year is whether or not they need to send out 1099s to their contract...

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Tax Planning Strategies to Reduce AGI

Oct 15, 2019 Kirsch CPA Group

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten tax planning strategies to reduce your AGI (and modified AGI) o...

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Frequently Asked Questions

How can I manage cash flow better?

Good cash flow management and forecasting are essential for maintaining the financial health of your business. Having a rolling 12-month forecast of revenues and expenses helps you proactively avoid shortfalls and capitalize on opportunities. Learn more >

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Effective tax planning involves leveraging all available tax credits, avoiding unpleasant surprises, keeping up with changes in the law, and ensuring you pay only your fair share. Learn more >

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When you partner with an accounting firm that offers advisory services, you will have the clear financial visibility needed to confidently make big decisions and drive profitable growth for your business. Learn more >

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Growing a business requires more than tax preparation and basic accounting services. You need a holistic and forward-looking approach to your financial health. For best results, look for a partner who employs a proven process and a diverse range of services tailored to optimize cash flow, increase profitability, and maximize the value of your business. Learn more >