L&H Insights

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

Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses

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

4 ways corporate business owners can help ensure their compensation is “reasonable”

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

Choosing an entity for your business? How about an S corporation?

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...

2 min read

Hiring independent contractors? Make sure they’re properly classified

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

IRA account value down? It might be a good time for a Roth conversion

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...

2 min read

Answers to questions you may have about Economic Impact Payments

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

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

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

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

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

The new COVID-19 law provides businesses with more relief

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

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

L&H CPAs: Jan 16, 2020 7:54:42 AM

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

L&H CPAs: Jan 16, 2020 7:06:44 AM