Tax Planning Tips for Business Owners

The 4th quarter 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? Read More


Kirsch CPA Group

Oct 09, 2020

IRS Announces Changes for Personal Use of Employer-Provided Vehicles

The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn't completely "free" under current tax Read More


Diane Glover

Jun 10, 2019

How Can Small Business Owners Reduce Taxes?

If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare taxes from self-employed individuals. However, Read More


Kirsch CPA Group

May 24, 2019

Ohio’s Popular Small Business Deduction May be Ending

Dating back to 2013, Ohio has allowed owners of small businesses to deduct up to $250,000 of income related to their business on their Ohio income tax return. Any remaining business income beyond that level Read More


Chad Williams

May 10, 2019

Put the Tax Cuts to work for your Business

Do you know the highest individual tax rate under the new laws?  What are the highest tax rates in the history of the United States? While these were some interesting tax facts, those who attended Read More


Kirsch CPA Group

Jul 17, 2018

Watch Out for these Tax Issues When Planning for Your Business in 2018

The Tax Cuts and Jobs Act makes sweeping changes. Here's a quick reference guide to the major changes under the new law to help you understand what's changing. In general, these changes are effective for tax Read More


Diane Glover

Jun 26, 2018

Are you expecting your business to generate a tax loss in 2018?

Many ventures generate business losses, especially in the first few years of operation or under adverse conditions. When can business losses be deducted — and how much can you deduct in any given year? For Read More


Diane Glover

May 25, 2018

Take Advantage of Expanded Tax Breaks for Business Vehicles

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage of expanded tax Read More


Diane Glover

May 18, 2018

Can Your Research Credits Offset Your Payroll Tax Bill?

Does your small business engage in qualified research activities? If so, you may be eligible for a research credits that can now be used to offset your federal payroll tax bill. This relatively new privilege allows research credits Read More


Diane Glover

Jul 17, 2017