We have prepared a selection of frequently asked questions.
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Scott Henvey: Apr 16, 2024 4:02:03 PM
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
2 min read
Maurice La Verdure: Apr 16, 2024 3:58:31 PM
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
2 min read
Scott Henvey: Apr 16, 2024 3:54:06 PM
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...
2 min read
Maurice La Verdure: Apr 16, 2024 3:48:46 PM
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum...
2 min read
Scott Henvey: Apr 16, 2024 3:45:13 PM
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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Maurice La Verdure: Apr 16, 2024 3:41:43 PM
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
2 min read
Scott Henvey: Apr 16, 2024 3:37:10 PM
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home....
2 min read
Maurice La Verdure: Apr 16, 2024 3:32:53 PM
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In...
2 min read
Scott Henvey: Apr 16, 2024 3:23:03 PM
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re...
2 min read
Maurice La Verdure: Mar 7, 2024 9:10:52 AM
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
2 min read
Maurice La Verdure: Mar 7, 2024 9:07:35 AM
Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the...
2 min read
Scott Henvey: Mar 7, 2024 9:04:25 AM
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax...
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Maurice La Verdure: Mar 7, 2024 9:00:33 AM
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a...
2 min read
Scott Henvey: Mar 7, 2024 8:56:50 AM
Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for...
2 min read
Maurice La Verdure: Mar 7, 2024 8:53:10 AM
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still...
2 min read
Scott Henvey: Mar 7, 2024 8:46:16 AM
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit...
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Scott Henvey: Feb 8, 2024 12:02:24 PM
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...
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Maurice La Verdure: Feb 8, 2024 11:59:25 AM
When launching a small business, many entrepreneurs start out as sole proprietors. If you’re launching a venture as a sole proprietorship, you need...
2 min read
Scott Henvey: Feb 8, 2024 11:55:37 AM
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was...
2 min read
Maurice La Verdure: Feb 8, 2024 11:50:32 AM
The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped...
1 min read
Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
2 min read
Maurice La Verdure: Jan 12, 2024 2:06:04 PM
Meet Alex, a high-level executive who's accumulated a significant amount of low-basis stock in his company. Alex is keen to diversify this...
2 min read
Maurice La Verdure: Jan 12, 2024 10:52:34 AM
No one likes to make a mistake. This is especially true in business, where a wrong decision can cost money, time and resources. According to the...
2 min read
Maurice La Verdure: Jan 12, 2024 10:49:22 AM
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead...
2 min read
Scott Henvey: Jan 12, 2024 10:46:13 AM
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per...
2 min read
Scott Henvey: Dec 19, 2023 11:57:39 AM
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts...
2 min read
Maurice La Verdure: Dec 19, 2023 11:51:56 AM
The job market remains relatively tight for businesses looking to fill open positions or simply add top talent when the fit is right. That means it’s...
2 min read
Scott Henvey: Dec 19, 2023 11:47:43 AM
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax...
2 min read
Scott Henvey: Dec 19, 2023 11:43:48 AM
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important...
2 min read
Maurice La Verdure: Dec 19, 2023 11:36:27 AM
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.
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Scott Henvey: Dec 19, 2023 11:31:02 AM
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before...
2 min read
Maurice La Verdure: Nov 8, 2023 12:32:11 PM
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock...
2 min read
Scott Henvey: Nov 8, 2023 12:29:35 PM
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you...
2 min read
Scott Henvey: Nov 8, 2023 12:26:39 PM
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into...
2 min read
Maurice La Verdure: Nov 8, 2023 12:22:35 PM
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out...
2 min read
Maurice La Verdure: Nov 8, 2023 12:18:33 PM
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
2 min read
Scott Henvey: Nov 8, 2023 12:07:22 PM
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains, or in a resort...
2 min read
Maurice La Verdure: Sep 15, 2023 2:10:22 PM
It’s not uncommon for employees to grumble about having to attend too many meetings. Sometimes they have a point; an excessive number of meetings can...
2 min read
Scott Henvey: Sep 15, 2023 2:07:12 PM
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided...
2 min read
Maurice La Verdure: Sep 15, 2023 2:04:23 PM
Do you and your spouse together operate a profitable unincorporated small business? If so, you face some challenging tax issues.
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Scott Henvey: Sep 15, 2023 2:00:46 PM
The Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year due to inflation...
2 min read
Maurice La Verdure: Sep 15, 2023 1:57:08 PM
Many homeowners across the country have seen their home values increase in recent years. According to the National Association of Realtors, the...
2 min read
Scott Henvey: Sep 15, 2023 1:52:08 PM
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of...
2 min read
Scott Henvey: Aug 21, 2023 11:18:21 AM
An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred...
2 min read
Maurice La Verdure: Aug 21, 2023 11:15:33 AM
If you operate your small business as a sole proprietorship, you may have thought about forming a limited liability company (LLC) to protect your...
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Scott Henvey: Aug 21, 2023 11:11:57 AM
More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking...
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Maurice La Verdure: Aug 21, 2023 11:07:21 AM
Let’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting parcels and sell them off for a...
1 min read
Scott Henvey: Aug 21, 2023 11:02:15 AM
If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. These costs may end up being...
2 min read
Maurice La Verdure: Jul 17, 2023 1:05:32 PM
“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come in through...
2 min read
Scott Henvey: Jul 17, 2023 1:02:32 PM
If you own a successful small business with no employees, you might be ready to set up a retirement plan. Now a 401(k) might seem way out of your...
2 min read
Maurice La Verdure: Jul 17, 2023 11:57:06 AM
Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports...
2 min read
Scott Henvey: Jul 17, 2023 11:36:47 AM
If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to...
2 min read
Maurice La Verdure: Jul 17, 2023 11:30:33 AM
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over...
1 min read
Scott Henvey: Jul 17, 2023 9:56:30 AM
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list...
2 min read
Maurice La Verdure: Jun 1, 2023 10:03:03 AM
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
2 min read
Scott Henvey: Jun 1, 2023 9:41:00 AM
If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions may still...
2 min read
Maurice La Verdure: Jun 1, 2023 9:36:37 AM
If you’ve received, or will soon receive a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But...
2 min read
Scott Henvey: Jun 1, 2023 9:32:11 AM
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....
2 min read
Maurice La Verdure: Jun 1, 2023 9:26:01 AM
4 tax challenges you may encounter if you’re retiring soon Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle...
2 min read
Scott Henvey: Jun 1, 2023 9:17:30 AM
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...
2 min read
Maurice La Verdure: May 3, 2023 12:32:40 PM
If you itemize deductions on your tax return, you may wonder: What medical expenses can I include? The IRS recently issued some frequently asked...
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Scott Henvey: May 3, 2023 12:24:22 PM
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial...
2 min read
Maurice La Verdure: May 3, 2023 12:19:32 PM
If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new form reporting...
2 min read
Scott Henvey: May 3, 2023 12:12:00 PM
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than...
2 min read
Scott Henvey: Apr 10, 2023 12:36:52 PM
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and...
2 min read
Maurice La Verdure: Apr 10, 2023 12:32:41 PM
Building flexibility into your estate plan using various strategies is generally advised. The reason is that life circumstances change over time,...
2 min read
Scott Henvey: Apr 10, 2023 12:22:26 PM
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of...
1 min read
Scott Henvey: Apr 10, 2023 12:13:00 PM
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this...
2 min read
Scott Henvey: Mar 13, 2023 10:25:12 AM
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year...
2 min read
Maurice La Verdure: Mar 13, 2023 10:16:03 AM
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards...
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Scott Henvey: Mar 13, 2023 9:50:05 AM
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This...
2 min read
Maurice La Verdure: Mar 13, 2023 9:44:42 AM
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a...
2 min read
Scott Henvey: Feb 8, 2023 10:24:57 AM
Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your...
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Maurice La Verdure: Feb 8, 2023 10:22:13 AM
Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s...
1 min read
Maurice La Verdure: Feb 8, 2023 10:02:19 AM
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023....
1 min read
Scott Henvey: Feb 8, 2023 9:45:01 AM
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to avoid probate of the assets...
1 min read
Scott Henvey: Jan 16, 2023 8:02:57 AM
Are you charitably inclined? If so, you probably know that donations of long-term appreciated assets, such as stocks, have an advantage over cash...
2 min read
Scott Henvey: Jan 16, 2023 8:00:42 AM
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of...
2 min read
Maurice La Verdure: Jan 16, 2023 7:58:01 AM
A new law was recently signed to help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting...
1 min read
L&H CPAs: May 25, 2020 3:43:20 AM
Treasury Secretary Steven Mnuchin announced that the IRS will allow taxpayers to defer payments for 2019 tax returns until July 15, subject to...
2 min read
L&H CPAs: Apr 29, 2020 10:21:00 AM
As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful...
2 min read
L&H CPAs: Apr 28, 2020 10:12:08 AM
The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you...
1 min read
L&H CPAs: Apr 24, 2020 8:36:42 AM
Many people’s estates typically include IRAs. Be aware that two major laws passed into law recently, the Setting Every Community Up for Retirement...
2 min read
L&H CPAs: Apr 22, 2020 10:45:00 AM
Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS....
1 min read
L&H CPAs: Apr 21, 2020 10:05:13 AM
The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior...
2 min read
L&H CPAs: Apr 17, 2020 12:21:05 PM
Your legacy: Charitable giving is vital during the COVID-19 crisis The novel coronavirus (COVID-19) pandemic and the resulting economic fallout is...
2 min read
L&H CPAs: Apr 14, 2020 9:57:00 AM
In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing...
2 min read
L&H CPAs: Apr 13, 2020 10:23:31 AM
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax...
2 min read
L&H CPAs: Apr 9, 2020 3:36:35 PM
Generally, it’s recommended that you review your estate plan at year’s end. It’s a good time to check whether any life events have taken place in the...
2 min read
L&H CPAs: Apr 7, 2020 1:20:06 PM
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some...
2 min read
L&H CPAs: Apr 2, 2020 1:00:22 PM
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by...
2 min read
L&H CPAs: Mar 30, 2020 1:55:25 PM
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here...
2 min read
L&H CPAs: Jan 16, 2020 8:01:03 AM
Many people assume that a Section 529 plan is the ideal college savings tool. But the Roth IRA can also help parents save for college expenses. This...
2 min read
L&H CPAs: Jan 16, 2020 7:54:42 AM
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L&H CPAs: Jan 16, 2020 7:47:50 AM
Determining how much to withdraw from a retirement nest egg annually can be stressful. As this article argues, the 4% rule can help reduce...
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L&H CPAs: Jan 16, 2020 7:12:21 AM
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L&H CPAs: Jan 16, 2020 7:06:44 AM
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L&H CPAs: Jan 16, 2020 6:13:38 AM
The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of...
3 min read
L&H CPAs: Jan 16, 2020 6:01:43 AM
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L&H CPAs: Jan 16, 2020 5:37:29 AM
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L&H CPAs: Jan 16, 2020 5:20:42 AM
Practice efficiency is tied to practice profitability — and it can help physicians and staff members continue to provide good health care over time....
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L&H CPAs: Jan 16, 2020 4:28:39 AM
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L&H CPAs: Jan 16, 2020 4:00:03 AM
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L&H CPAs: Jan 16, 2020 3:21:13 AM
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L&H CPAs: Jan 16, 2020 3:02:57 AM
Bank loans come in a variety of shapes and sizes, but most fall into one of several broad categories. This article sums up lines of credit, term...
2 min read
L&H CPAs: Jan 16, 2020 2:54:34 AM
Traditionally, important financial and tax documents have been stored in paper form in a filing cabinet, fireproof safe or bank safe deposit box. But...
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L&H CPAs: Jan 16, 2020 12:54:37 AM
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L&H CPAs: Jan 16, 2020 12:22:42 AM
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L&H CPAs: Jan 16, 2020 12:01:06 AM
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Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018,...
2 min read
Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue to...
2 min read
You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think...
2 min read
Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax...
2 min read
We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was...
2 min read
Do you want to withdraw cash from your closely held corporation at a low tax cost? The easiest way is to distribute cash as a dividend. However, a...
2 min read
A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved...
2 min read
In addition to the difficult personal issues that divorce entails, several tax concerns need to be addressed to ensure that taxes are kept to a...
L&H CPAs: Aug 26, 2019 11:22:46 PM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 26, 2019 11:21:28 PM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 26, 2019 2:29:17 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 6:01:28 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 6:00:29 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:59:44 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:57:35 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:57:17 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:56:50 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:56:10 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
L&H CPAs: Aug 23, 2019 4:55:06 AM
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy...
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In the past few months, many businesses and employers nationwide have received “no-match” letters from the Social Security Administration (SSA). The...
2 min read
You probably don’t have to be told about the need for a will. But do you know what provisions should be included and what’s best to leave out? The...
2 min read
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of...
2 min read
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...
2 min read
When drafting your estate plan, you and your attorney must account for what happens to your children and your assets after you die. But your plan...
3 min read
When IRS auditors begin the task of examining a company, they must first learn the in-house terminology utilized by the firm, as well as how records...
1 min read
Is it better to buy or lease business assets? The answer can be complicated. One rule of thumb: It's generally better to lease assets that will...
2 min read
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
2 min read
Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return....
2 min read
When it comes to estate planning, trusts are appealing for many reasons. They can enable you to hold and transfer assets for beneficiaries, avoid...
1 min read
If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both parties report...
As risk management consultants, we don't sell insurance. Instead, we analyze a company's exposure to loss and recommend the best procedures and...
Like business executives, you may have expertise in marketing, production and sales. Yet the short and long-term profitability of your company relies...
1 min read
When planning your estate, you’re likely focused on major assets, such as real estate, investments and retirement plans. But it’s also important to...
2 min read
Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be...
1 min read
Sooner or later, it will be time to "hand over the reins" to the younger generation. But it's not as simple as walking out the door at retirement...
1 min read
When starting a new venture, there are a variety of entity choices -- although some will be easily ruled out based on your operation. Most entities...
2 min read
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax...
2 min read
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You...
1 min read
Merging with another company can be the most efficient way to grow -- if you plan carefully. Failed mergers and acquisitions are often the result of...
2 min read
If a prime objective of your estate plan is to leave a lasting legacy, a dynasty trust may be the right estate planning vehicle for you. And, thanks...
2 min read
Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in...
2 min read
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids...
1 min read
Planning your estate around specific assets is risky and, in most cases, should be avoided. If you leave specific assets — such as homes, cars or...
2 min read
Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your...
2 min read
Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the Plan...
2 min read
Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This includes...
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It’s that time of year when many people who filed their tax returns in April are checking their mail or bank accounts to see if their refunds have...
1 min read
The gift and estate tax exemption is higher than it’s ever been, thanks to the Tax Cuts and Jobs Act (TCJA), which temporarily doubled the exemption...
2 min read
While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts...
2 min read
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day...
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Here’s a fast fact: The percentage of U.S. children who live with an unmarried parent has jumped from 13% in 1968 to 32% in 2017, according to Pew...
2 min read
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know,...
2 min read
Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible...
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Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although...
1 min read
If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded....
1 min read
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than...
3 min read
Despite record-breaking low unemployment rates, "age discrimination remains a significant and costly problem for workers, their families and our...
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Consider these facts on aging from the 2010 Census¹: The highest growth rate for a 10-year age group within the older population (age 65+) was for...
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In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force...
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As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA...
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The right estate planning strategy for you likely is the one that will produce the greatest tax savings for your family. Unfortunately, there can be...
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Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in...
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No matter how much effort you’ve invested in designing your estate plan, your will, trusts and other official documents may not be enough. Consider...
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The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees....
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If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not...
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Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file...
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If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified...
