by Lawhorn Team Professional | May 15, 2018 | Advice, Financial Planning, Tax
If you’re slightly confused regarding how the Tax Cuts and Jobs Act affects your personal tax strategy, you’re not alone. One of the primary causes for confusion is the disconnect between lawmakers and the IRS. Even though the new law drastically changes...
by Lawhorn Team Professional | Apr 6, 2018 | Advice, Business Practices, Financial Planning, Tax
Business owners are now reviewing the repercussions of the Tax Cuts and Jobs Act of 2017 or are planning to do so soon. Learning about how these changes will affect your business is an important step to take now in strategic business and tax planning for the years to...
by Lawhorn Team Professional | Mar 28, 2018 | Advice, Tax
There are few events that cause a business owner or individual to cringe more than receiving a dreaded IRS tax audit notice in the mail. For those lucky enough to have never been through a tax audit before, a quick tax audit definition is in order. Essentially, an IRS...
by Lawhorn Team Professional | Mar 12, 2018 | Advice, Financial Planning, Tax
The tax season is upon us once again, and with it comes the emergence of tax schemes both old and new. New tax scams in 2018 are as numerous and innovate as in previous years. Tax refund scams are so numerous, that the Internal Revenue Service issues an annual list of...
by Lawhorn Team Professional | Feb 26, 2018 | Advice, Business Practices, Financial Planning, Tax
With its effect being immediate and unanswered questions lingering, the Tax Cuts and Jobs Act largely eliminates the deduction for entertainment expenses, and businesses should incorporate this change without delay. Under the prior law, taxpayers were able to deduct...