Does Your Business Qualify for the Employee Retention Credit (ERC)?

The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020. Since then, it has been modified and expanded to make many small businesses eligible. Read More


Sue Schloemer

Sep 28, 2022

Deadline Coming: Follow Up on Your PPP Loans

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 million PPP loans, averaging Read More


Kirsch CPA Group

Aug 19, 2021

PPP Loan Changes Included in the New Appropriations Act

The Consolidated Appropriations Act (CAA) extends, liberalizes and expands the Paycheck Protection Program (PPP). Originally established by the CARES Act, the PPP expired on August 8, 2020. Now the CAA resurrects it. Here are the Read More


Kirsch CPA Group

Jan 21, 2021

Is Your Business Eligible for the Second Round of PPP Loans?

The second round of PPP loans is approved. Banks will begin accepting applications for second-time borrowers on January 13, 2021. Is your business eligible? Second-time PPP borrowers will apply using Form 2483-SD. To determine your Read More


Kirsch CPA Group

Jan 12, 2021

Covid Relief – Second Act Stimulus

On Monday, December 21, 2020, Congress voted to approve a long-awaited stimulus related to the ongoing Covid-19 Coronavirus pandemic. The legislation is expected to be signed into law this week. The bill contains numerous provisions Read More


Kirsch CPA Group

Dec 22, 2020

PPP Loan Not Forgiven? There’s a Safe Harbor for Deducting Expenses

The IRS recently issued guidance that provides a safe harbor allowing certain taxpayers to claim a deduction in 2020 for some otherwise deductible eligible expenses if the taxpayers received Paycheck Protection Program (PPP) loans. (Revenue Read More


Kirsch CPA Group

Dec 03, 2020

IRS Clarifies Rules Surrounding PPP Forgiveness

On November 18, the IRS published long-awaited guidance regarding PPP forgiveness and the deductibility of expenses paid with PPP loan proceeds. For most taxpayers, this means that expenses paid with PPP funds will be nondeductible Read More


Kirsch CPA Group

Nov 20, 2020

PPP Loan Necessity Questionnaire for Loans Over $2 Million

On October 26, 2020, the SBA issued a notice in the federal register stating the SBA’s intent to release two new forms (Form 3509 for for-profit business and Form 3510 for not-for-profit entities) related to Read More


Sue Schloemer

Nov 06, 2020

COVID-19 The Path Forward: Resilience, Recovery & Resurgence

Kirsch CPA Group is working and thinking outside the box alongside our clients to navigate the impacts of the COVID-19 pandemic. We are developing new, innovative ways that help support businesses as they respond and Read More


Diane Glover

Aug 24, 2020

Tax Implications When Lenders Cancel Debts in the COVID-19 Era

In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers. While debt forgiveness can help Read More


Kirsch CPA Group

Oct 01, 2020