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L&H Insights

Tax Strategies, Advice, and Insights

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smallbusiness

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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Important 2026 tax figures for businesses

1 min read

Important 2026 tax figures for businesses

A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional...

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Avoiding inadvertent S corp termination

2 min read

Avoiding inadvertent S corp termination

S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the strict...

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Deducting business gifts - what you need to know

2 min read

What you need to know about deducting business gifts

Thoughtful business gifts are a great way to show appreciation to customers and employees. They can also deliver tax benefits when handled correctly....

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Writing an AI governance policy for your business

2 min read

Writing an AI governance policy for your business

Artificial intelligence (AI) is changing the way businesses operate. Its capacity to gather and process data, as well as to mimic human interactions,...

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Review your business expenses before year end

2 min read

Review your business expenses before year end

Now is a good time to review your business’s expenses for deductibility. Accelerating deductible expenses into this year generally will reduce 2025...

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Payroll tax implications of new tax breaks on tips and overtime

2 min read

Payroll tax implications of new tax breaks on tips and overtime

Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes...

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5 ways your business can build a stronger annual budget

2 min read

5 ways your business can build a stronger annual budget

As summer gives way to fall, many businesses begin their budget-setting processes for the upcoming year. This annual rite of passage can be...

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New rules could boost your R&E tax savings in 2025

1 min read

New rules could boost your R&E tax savings in 2025

A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA)...

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Developing a comprehensive AI strategy for your business

2 min read

Developing a comprehensive AI strategy for your business

We’ve reached a point where artificial intelligence (AI) offers functionality and enhancements to most businesses. Yours may be able to use it to...

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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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Business expense deductions

2 min read

DOs and DON’Ts to help protect your business expense deductions

If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...

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Safe harbor 401(k)s offer businesses - a retirement plan

2 min read

Safe harbor 401(k)s offer businesses a simpler route to a retirement plan

When many small to midsize businesses are ready to sponsor a qualified retirement plan, they encounter a common obstacle: complex administrative...

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