We have prepared a selection of frequently asked questions.
2 min read
Maurice La Verdure: Jun 12, 2025 10:27:01 AM
The future often weighs heavier on the shoulders of family business owners. Their companies aren’t just “going concerns” with operating assets, human...
1 min read
Scott Henvey: Jun 12, 2025 10:23:22 AM
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more...
2 min read
Maurice La Verdure: Jun 12, 2025 10:19:06 AM
Creating a marketing strategy for any company isn’t a “one and done” activity. As you’ve no doubt experienced, the approach you use to connect with...
2 min read
Scott Henvey: Jun 12, 2025 10:13:47 AM
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among...
2 min read
Maurice La Verdure: May 8, 2025 12:25:19 PM
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions...
2 min read
Scott Henvey: May 8, 2025 12:22:14 PM
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s...
2 min read
Scott Henvey: May 8, 2025 12:17:36 PM
Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm...
2 min read
Maurice La Verdure: May 8, 2025 12:08:47 PM
If you inherit assets after a loved one passes away, they often arrive with a valuable — but frequently misunderstood — tax benefit called the...
2 min read
Scott Henvey: May 8, 2025 12:03:57 PM
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment...
2 min read
Maurice La Verdure: May 8, 2025 11:49:33 AM
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of...
2 min read
Scott Henvey: May 8, 2025 11:45:04 AM
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can...
2 min read
Maurice La Verdure: Apr 8, 2025 2:19:11 PM
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from...
2 min read
Maurice La Verdure: Apr 8, 2025 2:11:53 PM
Financial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners.
2 min read
Scott Henvey: Apr 8, 2025 2:06:16 PM
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by...
2 min read
Maurice La Verdure: Apr 8, 2025 2:01:39 PM
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such...
3 min read
Scott Henvey: Apr 8, 2025 1:57:50 PM
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
2 min read
Maurice La Verdure: Apr 8, 2025 1:53:36 PM
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should...
1 min read
Scott Henvey: Apr 8, 2025 1:49:13 PM
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.
1 min read
Maurice La Verdure: Mar 10, 2025 10:55:53 AM
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a...
2 min read
Scott Henvey: Mar 10, 2025 10:52:43 AM
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
2 min read
Maurice La Verdure: Mar 10, 2025 10:45:46 AM
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to...
2 min read
Scott Henvey: Mar 10, 2025 10:32:15 AM
If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance to lower it. If you’re...
2 min read
Maurice La Verdure: Feb 4, 2025 10:24:19 AM
From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good...
2 min read
Scott Henvey: Feb 4, 2025 10:21:41 AM
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and...
2 min read
Maurice La Verdure: Feb 4, 2025 10:18:07 AM
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible...
2 min read
Scott Henvey: Feb 4, 2025 10:13:04 AM
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA,...
2 min read
Scott Henvey: Jan 13, 2025 8:33:58 AM
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely...
2 min read
Maurice La Verdure: Jan 13, 2025 8:27:05 AM
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
2 min read
Scott Henvey: Jan 13, 2025 8:24:27 AM
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a...
2 min read
Maurice La Verdure: Dec 2, 2024 1:02:53 PM
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a...
2 min read
Scott Henvey: Dec 2, 2024 12:59:11 PM
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will...
2 min read
Scott Henvey: Dec 2, 2024 12:54:22 PM
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in...
2 min read
Maurice La Verdure: Dec 2, 2024 12:50:45 PM
When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before...
2 min read
Scott Henvey: Dec 2, 2024 12:45:26 PM
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of...
3 min read
Scott Henvey: Nov 11, 2024 11:11:09 AM
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...
2 min read
Maurice La Verdure: Nov 11, 2024 11:08:23 AM
You don’t have to be in business to deduct certain vehicle expenses When you think about tax deductions for vehicle-related expenses, business...
2 min read
Scott Henvey: Nov 11, 2024 11:04:53 AM
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is...
2 min read
Scott Henvey: Nov 11, 2024 10:57:07 AM
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base...
2 min read
Maurice La Verdure: Nov 11, 2024 10:53:38 AM
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom artwork or...
2 min read
Maurice La Verdure: Nov 8, 2024 10:13:55 AM
Success in business is often measured in profitability — and that’s hard to argue with. However, liquidity is critical to reaching the point where a...
2 min read
Scott Henvey: Nov 8, 2024 10:10:15 AM
If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans. These...
2 min read
Maurice La Verdure: Nov 8, 2024 10:07:01 AM
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth reconsidering...
1 min read
Scott Henvey: Nov 8, 2024 10:04:18 AM
The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their...
1 min read
Scott Henvey: Oct 8, 2024 2:18:58 PM
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this...
2 min read
Maurice La Verdure: Oct 8, 2024 2:16:03 PM
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts...
2 min read
Scott Henvey: Oct 8, 2024 2:13:11 PM
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated...
2 min read
Maurice La Verdure: Oct 8, 2024 2:10:01 PM
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
2 min read
Scott Henvey: Oct 8, 2024 2:01:35 PM
With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and next. The...
3 min read
Maurice La Verdure: Sep 5, 2024 12:11:02 PM
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
2 min read
Scott Henvey: Sep 5, 2024 11:52:47 AM
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...
2 min read
Scott Henvey: Sep 5, 2024 11:31:30 AM
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...
2 min read
Scott Henvey: Aug 7, 2024 1:25:42 PM
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The...
2 min read
Maurice La Verdure: Aug 7, 2024 1:22:42 PM
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
2 min read
Scott Henvey: Aug 7, 2024 1:16:42 PM
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
2 min read
Maurice La Verdure: Aug 7, 2024 1:15:04 PM
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a...
1 min read
Scott Henvey: Aug 7, 2024 1:11:58 PM
If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to...
2 min read
Maurice La Verdure: Aug 7, 2024 1:02:22 PM
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s...
2 min read
Scott Henvey: Aug 7, 2024 12:58:42 PM
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections.
3 min read
Scott Henvey: Jul 8, 2024 12:57:29 PM
Employees, self-employed individuals, and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people...
2 min read
Maurice La Verdure: Jul 8, 2024 12:51:04 PM
Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional...
2 min read
Scott Henvey: Jul 8, 2024 12:46:28 PM
From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming...
2 min read
Maurice La Verdure: Jun 6, 2024 9:39:54 AM
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each...
2 min read
Scott Henvey: Jun 6, 2024 9:29:14 AM
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
2 min read
Scott Henvey: Jun 5, 2024 2:28:02 PM
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing...
2 min read
Maurice La Verdure: Jun 5, 2024 2:24:16 PM
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole...
2 min read
Scott Henvey: Jun 5, 2024 2:20:47 PM
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated...
2 min read
Maurice La Verdure: Jun 5, 2024 2:16:55 PM
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
2 min read
Scott Henvey: Jun 5, 2024 2:12:57 PM
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...
2 min read
Maurice La Verdure: May 10, 2024 9:58:20 AM
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
2 min read
Scott Henvey: May 10, 2024 9:54:15 AM
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
2 min read
Maurice La Verdure: May 10, 2024 9:50:33 AM
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...
2 min read
Scott Henvey: May 10, 2024 9:46:07 AM
For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options:...
2 min read
Maurice La Verdure: May 10, 2024 9:40:23 AM
Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
2 min read
Scott Henvey: May 10, 2024 9:33:35 AM
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise...
2 min read
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...
2 min read
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...
2 min read
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...
2 min read
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...
2 min read
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.
2 min read
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.
2 min read
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: 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...
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...
2 min read
L&H CPAs: Jan 16, 2020 7:12:21 AM
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L&H CPAs: Jan 16, 2020 7:06:44 AM
1 min read
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
2 min read
L&H CPAs: Jan 16, 2020 5:37:29 AM
2 min read
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....
3 min read
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...
3 min read
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
2 min read
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...
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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...
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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...
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Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...
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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...
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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...
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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...
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Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from...
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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....
