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L&H Insights

Tax Strategies, Advice, and Insights

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To help you understand the implications of the recent Corporate Transparency Act

We have prepared a selection of frequently asked questions.

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NQDC nonqualified deferred compensation plan

2 min read

Deferral of Income Tax for Executives

If you’re an executive or other key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan. What do you need to do...

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business asset depreciation

1 min read

Reduce 2018 Tax Liability - Buy Business Assets Before Year End

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.

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intellectual property and royalties

1 min read

Remember to Include Intellectual Property in Your Estate Plan

If your estate includes forms of intellectual property (IP), such as patents and copyrights, it’s important to know how to address them in your...

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10_08_18-921346680_SBTB_560x292

2 min read

Tax-Free Fringe Benefits: Help for Your Businesses & Employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also...

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raising smart children

1 min read

Raising Money-Smart Children

If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations....

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10_02_18_672011734_itb_560x292

2 min read

IRA Charitable Rollover - Even More Beneficial in 2018

If you’re age 70½ or older, you can make direct contributions — up to $100,000 annually — from your IRA to qualified charitable organizations without...

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accelerate depreciation deduction

2 min read

Will a Cost Segregation Study Help Your Business Accelerate Depreciation Deductions?

Businesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. It...

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retiring abroad best places

1 min read

Want to Retire Abroad? Review Your Estate Plan First

If you dream of spending your golden years in a tropical paradise, a culture-rich European city or another foreign locale, it’s important to...

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long term capital gains tax

2 min read

TCJA Planning for Gains & Losses: What You Need to Know

Fall is a good time to review year-to-date gains and losses on your investments. Not only can it help you assess your financial health, but it also...

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Businesses tax identity theft

2 min read

Businesses Aren’t Immune to Tax Identity Theft

Tax identity theft may seem like a problem only for individual taxpayers. But, according to the IRS, increasingly businesses are also becoming...

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Successful Family Business Transfer

2 min read

2 Ways to Ensure a Successful Family Business Transfer

For many people, a family-owned business is their primary source of wealth, so it’s critical to plan carefully for the transition of ownership from...

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donate artwork charity

2 min read

Tax Deduction Ins and Outs of Donating Artwork to Charity

If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general,...

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09_17_18_616133094_sbtb_560x292

2 min read

Be Sure Your Employee Travel Expense Reimbursements Pass Muster with the IRS

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you...

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