Four Ways That Family Business Owners Can Transfer Their Wealth

Mar 10, 2026 Kirsch CPA Group

Many family business owners reach a point in their lives when they start thinking about not only their own retirements, but also their families’ financial...

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Demystifying the Tax Rules for Net Operating Losses

Mar 09, 2026 Kirsch CPA Group

Taxpayers who suffered net operating losses (NOLs) in the 2025 tax year may hope to take advantage of them to reduce future tax bills. However, various limits d...

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Update on the First-Year Depreciation Tax Rules for Businesses

Feb 25, 2026 Kirsch CPA Group

The One Big Beautiful Bill Act (OBBBA) included favorable changes to the federal income tax rules for depreciating business assets. And there are annual inflati...

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Deducting Business Meal and Entertainment Expenses Today

Feb 17, 2026 Kirsch CPA Group

Do you know the current rules for claiming tax deductions for business meals and entertainment? Whether you’re wining and dining a prospective customer or...

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Hit the Breaks: 2026 Tax Write-Offs for Business Driving

Feb 09, 2026 Kirsch CPA Group

At the end of last year, the IRS announced its annual inflation adjustments to the optional standard mileage rates used to calculate the deductible vehicle oper...

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6 Year-End Small Business Tax Saving Tips

Dec 03, 2025 Kirsch CPA Group

There’s still time for small businesses and their owners to implement strategies to save taxes for 2025. Traditional strategies continue to be valuable, b...

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Manufacturers: Act Now To Claim the Sec. 179D Deduction for Energy-Efficient Building Improvements

Dec 01, 2025 Kirsch CPA Group

The One Big Beautiful Bill Act (OBBBA) repeals or reduces many clean energy tax incentives, including the Section 179D deduction for energy-efficient commercial...

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R&D Tax Credits: Broader Eligibility Than You Think

Nov 25, 2025 Elizabeth Michalak

Many businesses assume the federal research and development (R&D) tax credit is only for high-tech or scientific companies. In reality a wide range of organ...

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Optimizing R&D Deductions under the OBBBA

Oct 30, 2025 Kirsch CPA Group

Among the hundreds of provisions in the One Big Beautiful Bill Act (OBBBA) are changes related to research and development (R&D) expenses. These changes ena...

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A New Savings Option Will Soon Be Available for Families

Oct 27, 2025 Kirsch CPA Group

Starting in 2026, Trump Accounts will provide another tax-favored way to save for a child’s future. Introduced under the One Big Beautiful Bill Act (OBBBA...

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