LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method

Feb 10, 2023 Kirsch CPA Group

How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some ca...

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8 Ways to Insulate Your Construction Company Against Rising Costs

Feb 10, 2023 Kirsch CPA Group

The construction industry continues to face supply chain slowdowns, labor shortages and inflation — though the latter of the three has generally moderated a b...

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6 Tips for Foiling Fake Suppliers in Online Marketplaces

Jun 23, 2022 Kirsch CPA Group

Supply chain issues continue to hurt many U.S. businesses — possibly in more ways than you think. Not only do supply shortages and delays make it difficult fo...

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Five COVID-19 Obstacles a Construction Company Needs to Navigate

Jun 12, 2020 Kirsch CPA Group

Although the novel coronavirus (COVID-19) pandemic has walloped most U.S. businesses, how your construction company recovers will largely be construction-indust...

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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 >

How can my business benefit from outsourced CFO services?

Outsourced CFO services, also known as fractional or virtual CFO services, let small and mid-size businesses leverage the deep financial expertise and strategic insights needed to accelerate growth and profitability for a fraction of the cost of hiring a full-time CFO. Key offerings include profitability analysis, cash flow forecasting, KPI benchmarking, and budgeting. Learn more >

How can I ensure that I don’t pay more taxes than necessary?

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 >

How can a CPA firm increase the profitability and value of my business?

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 >

What should I look for in an outsourced accounting firm?

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 >