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Monitor These 3 Things as COVID-19 Changes Your Nonprofit’s Priorities

Several months into the COVID-19 crisis, most not-for-profit organizations have formulated at least a temporary plan for sustaining operations. But short-term solutions should be complemented by long-term strategic planning that reprioritizes objectives. Specifically, your nonprofit…


  • Kirsch CPA Group
  • Aug 11, 2020

Purchasing a Business Vehicle – What Is Deductible for 2020?

Purchases of a new and used business vehicle may qualify for tax breaks under current tax law. If you need a new vehicle to use for business purposes, review these details before you go shopping.…


  • Kirsch CPA Group
  • Aug 11, 2020

A SLAT Can Reduce Risk If You’re Giving Away Substantial Wealth

The Tax Cuts and Jobs Act (TCJA) substantially increased the gift and estate tax exemption. For 2020, the inflation-adjusted amounts are $11.58 million for individuals and $23.16 million for married couples filing jointly. This creates…


  • Kirsch CPA Group
  • Aug 07, 2020

Midyear Tax Planning Strategies for Individuals

The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020.…


  • Kirsch CPA Group
  • Aug 06, 2020

5 Mid-Year Tax Planning Ideas for Business Owners

The second half of 2020 has begun and it is more important than ever to consider mid-year tax planning ideas. What steps can business owners take today to lower taxes for the current tax year?…


  • Kirsch CPA Group
  • Aug 06, 2020

PPP Loan Forgiveness Update

We understand that many PPP borrowers are anxious to get started with the loan forgiveness process for a variety of reasons. Our Covid-19 team has kept completely updated on all guidance issued and stands ready…


  • Kirsch CPA Group
  • Jul 29, 2020

Small Firm Offers Big Career Opportunity

Chad Williams, Partner, is entering his fourth year with the Kirsch Team– which he calls his “best career move.” He values the collaborative team culture and career growth opportunities. Here’s why Chad chose Kirsch: commitment…


  • Diane Glover
  • Jul 24, 2020

FASB Offers Reprieve from Updated Lease and Revenue Recognition Rules

If you're feeling burned out from coping with extreme circumstances brought on by the COVID-19 pandemic, you're not alone. Fortunately, the Financial Accounting Standards Board (FASB) and Congress are offering some compliance-related relief for certain…


  • Kirsch CPA Group
  • Jul 23, 2020

Who Will Run Your Business After You?

If you're a business owner, do you have a plan in place that names who'll follow you as head of your company? You may feel you're too busy running the business today to waste time…


  • Kirsch CPA Group
  • Jul 23, 2020

COVID-19 Crisis May Affect Tax Angles for Rental Property Losses

The economic fallout from the COVID-19 crisis will cause many rental real estate properties to run up tax losses in 2020 — and possibly beyond. Here's a summary of important federal income tax rules for…


  • Kirsch CPA Group
  • Jul 10, 2020