L&H Insights

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Business Owners & Entrepreneurs (5)

2 min read

The right entity choice: Should you convert from a C to an S corporation?

Scott Henvey: Jan 1, 2021 8:00:00 AM

The best choice of entity can affect your business in several ways, including the amount of your tax bill. In some cases, businesses decide to switch...

2 min read

2021 Q1 tax calendar: Key deadlines for businesses and other employers

Scott Henvey: Dec 21, 2020 10:50:33 AM

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2021. Keep in mind that this list...

2 min read

Drive more savings to your business with the heavy SUV tax break

Maurice La Verdure: Dec 15, 2020 8:00:00 AM

Are you considering replacing a car that you’re using in your business? There are several tax implications to keep in mind.

1 min read

The QBI deduction basics and a year-end tax tip that might help you qualify

Scott Henvey: Dec 7, 2020 11:05:41 AM

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the...

2 min read

Small businesses: Cash in on depreciation tax savers

Scott Henvey: Dec 2, 2020 8:00:00 AM

As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable...

2 min read

Health Savings Accounts for your small business

Scott Henvey: Nov 16, 2020 10:51:44 AM

Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in...

2 min read

Do you want to withdraw cash from your closely held corporation at a low tax cost?

Scott Henvey: Nov 10, 2020 8:00:00 AM

Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The...

2 min read

Tax responsibilities if your business is closing amid the pandemic

Maurice La Verdure: Nov 3, 2020 8:00:00 AM

Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can,...

2 min read

New business? It’s a good time to start a retirement plan

Maurice La Verdure: Oct 27, 2020 9:42:18 AM

If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of...