3 min read
What are the elements of a medical practice business plan
L&H CPAs: Jan 16, 2020 4:28:39 AM
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
Business Owners & Entrepreneurs (4)
2 min read
The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared
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
5 Ways to Withdraw Cash from Your Corporation While Avoiding Dividend Treatment
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...
LHCPA Post 1
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...
1 min read
What to Do If Your Business Receives a “No-Match” Letter
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
The IRS Is Targeting Business Transactions in Bitcoin and Other Virtual Currencies
Bitcoin and other forms of virtual currency are gaining popularity. But many businesses, consumers, employees and investors are still confused about...
2 min read
Take a Closer Look at Home Office Deductions
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....
1 min read
M&A Transactions: Avoid Surprises From the IRS
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...
2 min read
Bartering: A Taxable Transaction Even If Your Business Exchanges No Cash
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...
2 min read
Which Entity Is Most Suitable for Your New or Existing Business?
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
Hire Your Children This Summer: Everyone Wins
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...
2 min read
Consider a Roth 401(K) Plan — and Make Sure Employees Use It
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...