L&H Insights

2 min read

The tax consequences of employer-provided life insurance

Scott Henvey: Sep 15, 2023 1:52:08 PM

If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of...

2 min read

Starting a business? How expenses will be treated on your tax return

Maurice La Verdure: Jul 17, 2023 11:57:06 AM

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports...

2 min read

Traveling for business this summer? Here’s what you can deduct

Scott Henvey: Jul 17, 2023 11:36:47 AM

If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order to...

2 min read

Hiring independent contractors? Make sure they’re properly classified

L&H CPAs: Apr 29, 2020 10:21:00 AM

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful...

2 min read

IRA account value down? It might be a good time for a Roth conversion

L&H CPAs: Apr 28, 2020 10:12:08 AM

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you...

2 min read

Answers to questions you may have about Economic Impact Payments

L&H CPAs: Apr 22, 2020 10:45:00 AM

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to the IRS....

1 min read

New COVID-19 law makes favorable changes to “qualified improvement property”

L&H CPAs: Apr 21, 2020 10:05:13 AM

The law providing relief due to the coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior...

2 min read

Relief from not making employment tax deposits due to COVID-19 tax credits

L&H CPAs: Apr 13, 2020 10:23:31 AM

The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to the refundable tax...

2 min read

The new COVID-19 law provides businesses with more relief

L&H CPAs: Mar 30, 2020 1:55:25 PM

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here...

2 min read

Naming a trustee - It's one of the most important decisoins of your life

L&H CPAs: Jan 16, 2020 7:54:42 AM

2 min read

Estate planning and business succession planning - The lines blur when a family business comes into play

L&H CPAs: Jan 16, 2020 7:06:44 AM

3 min read

What are the elements of a medical practice business plan

L&H CPAs: Jan 16, 2020 4:28:39 AM

2 min read

The Chances of an IRS Audit Are Low, but Business Owners Should Be Prepared

Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018,...