Retirement Planning, Taxes, Estate Planning, Executives, Retirees, Investment Advisory & Wealth Mangement

Retiring soon? 4 tax issues you may face

If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the minimum amount..........

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Maurice La Verdure
Maurice La Verdure

17 June, 2021

Business Owners & Entrepreneurs, Business Owners, Business Consulting

New COVID-19 law makes favorable changes to “qualified improvement property”

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred ..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners & Entrepreneurs, Business Owners, Business Consulting

Relief from not making employment tax deposits due to COVID-19 tax credits

The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax credits provided under two laws passed in response to th..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners & Entrepreneurs, Business Consulting

The new COVID-19 law provides businesses with more relief

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Corona..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners & Entrepreneurs, Business Owners, Business Consulting, Investment Advisory & Wealth Mangement

Naming a trustee - It's one of the most important decisoins of your life

One of the major decisions that need to be made when establishing a trust is who will act as trustee. This article talks about the responsibilities of the position as well as the qualities (such as pr..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners & Entrepreneurs, Estate Planning, Business Owners, Business Consulting

Estate planning and business succession planning - The lines blur when a family business comes into play

For many business owners, estate planning and succession planning go hand in hand. An owner of a closely held business likely has a significant portion of his or her wealth tied up in the business. Wi..........

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L&H CPAs
L&H CPAs

14 July, 2020

Planning, Removing money from a qualified plan, Business Owners, Business Consulting

Running your personal finances like a business

Most individuals don’t regard themselves as businesses, trying to turn a profit and beat the competition. But, occasionally, it may help to look at one’s financial situation this way to determine wher..........

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L&H CPAs
L&H CPAs

14 July, 2020

Accounting Services, Business Owners, Business Consulting, Investment Advisory & Wealth Mangement

Every business owner needs an exit strategy

Business owners must monitor the cash flow and tax positions of their companies, while also looking out for their own personal financial futures. This article looks at how to lay the foundation for a ..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners, Business Consulting

Your business’s real estate Avoiding a costly mistake

Many businesses choose to separate ownership of the building and real estate from the business itself. The strategy shields these assets from claims by creditors if the company ever files for bankrupt..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners, Business Consulting

Ownership structures - How should you own your vacation home

Given the unique aspects of vacation home ownership, a limited liability company (LLC) is often the best ownership structure from a management and tax standpoint. This article discusses some of the be..........

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L&H CPAs
L&H CPAs

14 July, 2020

Accounting Services, Business Owners, Business Consulting

Borrowing alternatives for businesses - Your need for capital will color your financing choice

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 loans, commercial mortgages and government loan program..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Consulting

Decisions, decisions - Personal circumstances figure into when to begin taking Social Security

There are several individual factors that go into the determination of when the best time is to begin collecting Social Security benefits. Among those factors are the size of one’s estate, the amount ..........

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L&H CPAs
L&H CPAs

14 July, 2020

Business Owners, Business Consulting

LHCPA Post 14

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 text ever since the 1500s, when an unknown printer to..........

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L&H CPAs
L&H CPAs

14 July, 2020

Retirees, Divorcees and Widows, Business Consulting

LHCPA Post 13

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 text ever since the 1500s, when an unknown printer to..........

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L&H CPAs
L&H CPAs

14 July, 2020