L&H Insights

Tax Strategies, Advice, and Insights

Sign Up for L&H Insights below

Taxes (7)

1 min read

If you gave to charity in 2023, check to see that you have substantiation

Scott Henvey: Feb 8, 2024 11:41:39 AM

Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...

2 min read

The kiddie tax could affect your children until they’re young adults

Maurice La Verdure: Jan 12, 2024 10:49:22 AM

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead...

2 min read

A company car is a valuable perk but don’t forget about taxes

Scott Henvey: Dec 19, 2023 11:47:43 AM

One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax...

2 min read

Don’t forget to empty out your flexible spending account

Scott Henvey: Dec 19, 2023 11:43:48 AM

If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important...

2 min read

Key 2024 inflation-adjusted tax amounts for individuals

Maurice La Verdure: Dec 19, 2023 11:36:27 AM

The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.

2 min read

11 Exceptions to the 10% penalty tax on early IRA withdrawals

Scott Henvey: Dec 19, 2023 11:31:02 AM

If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before...

2 min read

What you need to know about restricted stock awards and taxes

Maurice La Verdure: Nov 8, 2023 12:32:11 PM

Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock...

2 min read

New per diem business travel rates kicked in on October 1

Scott Henvey: Nov 8, 2023 12:26:39 PM

Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into...

Emergency? new tax provisions may soon provide relief

2 min read

Facing a future emergency? Two new tax provisions may soon provide relief

Maurice La Verdure: Nov 8, 2023 12:22:35 PM

Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out...