Important Changes to Beneficial Ownership Information (BOI) Reporting Deadlines
On February 18, 2025, action by the U.S. District Court for the Eastern District of Texas resulted in the reinstatement of the Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA), making Read More
Feb 21, 2025
Avoid Mixing Personal and Business Accounts
Small business owners and independent contractors are always looking for ways to save time. If you run your own business (or want to start one), it might seem tempting to have a combined business and Read More
Feb 07, 2025
Five Ways to Improve Inventory Management
Efficient inventory management can substantially improve your firm's performance by helping to maintain high customer service levels and reduce variable costs. But reinforcing inventory management isn't a one-time project. It's a constant concern for manufacturers. Read More
Feb 06, 2025
So Many KPIs, So Much Time: An Overview for Businesses
From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good reason: When you drive a car, you’ve got to keep an eye Read More
Jan 29, 2025
Put a Business Valuation Pro on Your M&A Team
Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. Reasons for the anticipated surge include recent interest rate cuts by the Federal Read More
Jan 27, 2025
6 Reasons to Separate Real Estate from Your Business Assets
When businesses acquire real estate, they often title it under the company name. Although this might seem straightforward and logical, it's not always the best choice — particularly for properties expected to appreciate significantly in Read More
Jan 24, 2025
Is Your Business Subject to CAT Tax?
Ohio's Commercial Activity Tax (CAT) has undergone significant changes for 2024 and 2025, reducing the tax burden for many small businesses. Here's a brief update on the CAT tax changes: Increased exclusion thresholds: 2024: Read More
Jan 15, 2025
Celebrating 100 Years of Service Milestones at Kirsch CPA Group
At Kirsch CPA Group, we are focused on creating a dynamic employee-owned organization where team members and clients have a lifelong home. This year, we are honored to celebrate a significant milestone as eight of Read More
Jan 14, 2025
2025 Tax Outlook for Businesses and Their Owners
The Republicans will soon control the White House and both chambers of Congress, which will likely open the door for major tax legislation next year. Here are some thoughts on how this power shift could Read More
Jan 13, 2025
Navigating the Corporate Transparency Act: Understanding BOI Reporting and Fines
The Corporate Transparency Act (CTA) was passed in 2021 and created a new mandate for beneficial ownership information (BOI) reporting to the Financial Crimes Enforcement Network (FinCEN) starting in 2024. This legislation aims to combat Read More
Jan 13, 2025