The Lawhorn Ledger
Financial Insights and Business Strategy
Straight from The Lion’s Mouth
What is Cryptocurrency?
A cryptocurrency, crypto-currency, or crypto is a collection of binary data that is designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure...
6 Questions to Ask Your Tax Advisor
According to the Internal Revenue Service, more than 74 million tax returns were filed with the help of a tax professional in 2020. Having a tax accountant help you file your taxes is a great and stress-free way to make sure everything is filed correctly. Your tax...
Child Tax Credit Advance Payments Start in July
In March 2021, the American Rescue Plan Act expanded the Child Tax Credit (CTC), providing larger payments and a provision for advance payments on the CTC that will start in July. This tax return advance is intended to support families still struggling with financial...
New Requirements for Tax Preparers and the American Families Plan
There’s a lot that we already know about President Biden’s American Families Plan (AFP). With an estimated budget of $1.8 trillion, this infrastructure proposal would raise the top income tax rate to 39.6 percent and...
President Biden Proposes Individual Tax Changes
On April 28,2021, President Joe Biden announced a proposal to support Americans in childcare, family leave, education, etc. This $1.8 trillion American Families Plan includes several tax provisions that range from tax increases for some taxpayers to tax cuts for...
How to Create a Small Business Budget
When you become a small business owner, you have to learn how to do a lot of things that you have never done before, such as managing staff, finances, and shipments. To successfully manage your finances, you must be able to create and maintain a small business budget....
10 Tips to Help You Plan for Retirement
It’s never too early or too late to plan for retirement. Whether you just started working or you’re almost ready to retire, there are steps you can take to grow your retirement savings. The earlier you start, the better, but even if you begin saving later in your...
5 ways to keep growing your business after the US recession declaration
“Never before has the NBER (National Bureau of Economic Research) so quickly designated the onset of a recession.” - CNN The coronavirus pandemic has upended every aspect of modern life, and it has now officially ended the longest period of economic expansion in...
Borrowers Beware: PPP Forgiveness Requirements
Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The US Small Business Administration (SBA) received funding and authority through the Act to modify existing loan programs and establish new loan programs to assist small...
Should I Take Money Out of My 401(k)?
401(k) plans are the bedrock of retirement planning and allow you to deduct savings from your salary while deferring taxes until you make a withdrawal. Previously, an individual had to wait until they reached retirement age (59.5 years old) to access 401(k) money or...
SafeSend Tax Returns
Lawhorn is proud to announce we are utilizing SafeSend Tax Returns for our clients beginning in 2024!! SafeSend Tax Returns is a software company designed for accounting firms and tax professionals to streamline the tax return delivery and signature process for...
Meet Lawhorn CPA Partner Jennifer Chan
For those of you who are new around here, we're excited to introduce you to Jennifer Chan, a Lawhorn CPA Group partner. Jennifer recently celebrated her 20th year working for Lawhorn CPA Group. Jennifer met Jeff Lawhorn (founder) when she was a waitress at a Japanese...
Digital Back-Office Accounting: Benefits, Tools, & More
Traditional back-office accounting involves endless stacks of important papers and packed file cabinets. The digital age has changed everything, including back-office accounting, and the benefits go far beyond a cleaner office. In this article we will explain what...
Local Band “RUM MONDAY” donates over a dozen Instruments ($7000+ in value) to Knoxville’s Community School of the Arts
KNOXVILLE, TN – A three-piece local band has done something wonderfully incredible to support the next generation of artists, by donating more than a dozen brand-new musical instruments to Knoxville’s Community School of the Arts. The generous gift will provide...