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L&H Insights

Tax Strategies, Advice, and Insights

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5 min read

How to Build a Business Budget That Actually Gets Used | L&H CPAs

Most business budgets are built once, in December, and never opened again. The problem is rarely the arithmetic. It is that the budget was built as a...

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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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What are the tax implications of cryptocurrency transactions?

3 min read

What are the tax implications of cryptocurrency transactions?

If your small business accepts, uses or invests in Bitcoin, Ethereum or other forms of cryptocurrency, accurate reporting and detailed records are...

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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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5 tax-smart ways to take cash out of your C corporation

3 min read

5 tax-smart ways to take cash out of your C corporation

If you own a closely held C corporation, you might be looking for ways to withdraw cash from your business. Paying yourself a dividend can be a...

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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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Remote work can complicate your state taxes

2 min read

Remote work can complicate your state taxes

Working remotely may broaden your job options and make daily life easier. But working from a different state than your employer — or spending part of...

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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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Which fringe benefits are tax-free to employees?

3 min read

Which fringe benefits are tax-free to employees?

To attract and retain skilled workers, your small business needs to offer more than competitive pay. Your benefits package matters, too — and...

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Tax essentials for sole proprietors

4 min read

Tax essentials for sole proprietors

Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner...

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Professional valuations for business

2 min read

Professional valuations provide businesses with more than a number

Are you selling your business, soliciting new investors, updating a buy-sell agreement, pursuing litigation or drafting an estate plan? An accurate...

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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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