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L&H Insights

Tax Strategies, Advice, and Insights

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Planning

Consider an installment sale to optimize taxes when selling your business

3 min read

Consider an installment sale to optimize taxes when selling your business

Over the years, you’ve invested blood, sweat and tears into building a successful small business. Now it’s time to sell and move on to the next...

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A small business primer on expense deductions

2 min read

A small business primer on expense deductions

Whether your small business is new or you’ve run it for decades, you may not fully understand which expenses are potentially tax-deductible and which...

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Restricted stock deserves attention before year end

4 min read

Restricted stock deserves attention before year end

Executives and key employees often receive stock-based compensation in addition to salaries and bonuses. If restricted stock is part of your...

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Repair or improvement: Does the distinction matter under current tax law?

4 min read

Repair or improvement: Does the distinction matter under current tax law?

Ordinary repair and maintenance costs are generally deductible in the year they’re paid or incurred, depending on your accounting method. Costs that...

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Tax planning for real estate investors

3 min read

Tax planning for real estate investors

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net...

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Tax tips for parents with kids heading to college this fall

4 min read

Tax tips for parents with kids heading to college this fall

A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected...

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It’s your last chance to claim these clean energy tax breaks

2 min read

It’s your last chance to claim these clean energy tax breaks

Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if you bought an...

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4 types of interest expense you may be able to deduct

2 min read

4 types of interest expense you may be able to deduct

Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new...

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What business owners should know about debt restructuring

2 min read

What business owners should know about debt restructuring

Debt is inevitable for most small and midsize businesses. Loans are commonly used to help fund a company’s launch, expansion, equipment purchases and...

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Changes to charitable donation deductions are on the horizon

3 min read

Changes to charitable donation deductions are on the horizon

Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases,...

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New itemized deduction limitation will affect high-income individuals next year

2 min read

New itemized deduction limitation will affect high-income individuals next year

Beginning in 2026, taxpayers in the top federal income tax bracket will see their itemized deductions reduced. If you’re at risk, there are steps you...

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Shift income to take advantage of the 0% long-term capital gains rate

1 min read

Shift income to take advantage of the 0% long-term capital gains rate

Are you thinking about making financial gifts to loved ones? Would you also like to reduce your capital gains tax? If so, consider giving appreciated...

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What the new tax law could mean for you OBBBA

3 min read

What the new tax law could mean for you

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That...

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