L&H Insights

1 min read

Certain charitable donations allow you to avoid taxable IRA withdrawals

Scott Henvey: Aug 7, 2024 1:11:58 PM

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to...

2 min read

4 ways businesses can better control cash flow

Scott Henvey: Jul 8, 2024 12:46:28 PM

From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming...

2 min read

When do valuable gifts to charity require an appraisal?

Scott Henvey: Jun 5, 2024 2:12:57 PM

If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...

2 min read

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Maurice La Verdure: May 10, 2024 9:40:23 AM

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...

2 min read

Beware of a stealth tax on Social Security benefits

Maurice La Verdure: Apr 16, 2024 3:32:53 PM

Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In...

2 min read

IRAs: Build a tax-favored retirement nest egg

Scott Henvey: Feb 8, 2024 11:55:37 AM

Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was...

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

Choosing a business entity: Which way to go?

Scott Henvey: Nov 8, 2023 12:29:35 PM

If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you...

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...

2 min read

Business automobiles: How the tax depreciation rules work

Maurice La Verdure: Nov 8, 2023 12:18:33 PM

Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...

2 min read

4 best practices for effective strategic planning meetings

Maurice La Verdure: Sep 15, 2023 2:10:22 PM

It’s not uncommon for employees to grumble about having to attend too many meetings. Sometimes they have a point; an excessive number of meetings can...

2 min read

Sec. 529 vs. Roth IRA plans - Choosing a college savings tool

L&H CPAs: Jan 16, 2020 8:01:03 AM

Many people assume that a Section 529 plan is the ideal college savings tool. But the Roth IRA can also help parents save for college expenses. This...

2 min read

Take it or leave it - How to handle your 401(K) plan when you retire

L&H CPAs: Jan 16, 2020 7:12:21 AM