L&H Insights

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2 min read

Starting a business? How expenses will be treated on your tax return

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 that business applications are still increasing slightly (up 0.4% from April 2023 to May 2023). The...

2 min read

Traveling for business this summer? Here’s what you can deduct

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...

Real estate, real estate depreciation deductions

2 min read

Advantages and disadvantages of claiming big first-year real estate depreciation deductions

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

2023 Q3 tax calendar: Key deadlines for businesses and other employers

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

Use the tax code to make business losses less painful

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

Questions you may still have after filing your tax return

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

You’ve received a sizable inheritance: Now what?

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

If you’re hiring independent contractors, make sure they’re properly handled

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

4 tax challenges you may encounter if you’re retiring soon

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...