Year-End Tax Planning Tips for Small Businesses

You still have time to significantly reduce this year's business federal income tax bill even with all the uncertainty about proposed tax law changes. Here are five possible moves to consider — but stay tuned Read More

Kirsch CPA Group

Oct 26, 2021

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The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020.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

Sam Brizgis

Jun 24, 2021

7 Valuable Deductions for Self-Employed Individuals

If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you're looking to fulfill a lifelong dream of running a business for Read More

Kirsch CPA Group

Jun 09, 2021

The Tax Implications of Closing a Schedule C Business

Unfortunately, many businesses have already been forced to close their doors due to the economic fallout from COVID-19, and more will surely follow. Closing a business has important federal income tax implications that owners should Read More

Kirsch CPA Group

Jan 07, 2021

16 Sweet Cost-Cutting Measures for Businesses to Consider

Many small business owners are looking forward to the end of 2020. It's been a year of significant hardship and stress. But staying afloat remains a daunting challenge in 2021 and cost-cutting measures may be Read More

Kirsch CPA Group

Dec 17, 2020

2020 Year-End Tax Planning Ideas for Small Businesses

Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years. Here are 10 ideas Read More

Kirsch CPA Group

Oct 29, 2020

Avoid Personal Liability for Unpaid Federal Payroll Taxes

During the COVID-19 pandemic, some cash-strapped employers may fail to pay federal income and employment taxes that were withheld from employee paychecks to the U.S. Treasury. In the eyes of the IRS, this is a Read More

Kirsch CPA Group

Sep 03, 2020

Prepare for Post COVID-19 with Resilience and Agility

Few businesses have been left unscathed by the novel coronavirus (COVID-19) pandemic. Unfortunately, many have been mortally wounded. Some may be living on life support thanks to financial help from the government, but their long-term Read More

Kirsch CPA Group

May 08, 2020

PPP Loan Forgiveness Guide

Executive Summary - Strategic Management of Loan Proceeds for PPP Loan Forgiveness Understand that loan forgiveness is not automatic and will require planning and management. Planning must begin immediately upon receipt of loan proceeds. Understand Read More

John Kirsch

Apr 15, 2020

Keep Your Company Running Smoothly

Cross Training is a Smart Strategy In any company, making employees familiar with more than one job is critical to developing the business and dealing with the unexpected. A sure-fire strategy for coping with unforeseen Read More

Diane Glover

Mar 01, 2019