The Lawhorn Ledger
Financial Insights and Business Strategy
Straight from The Lion’s Mouth
Small Business Relief from Effects of Coronavirus Resources
The novel coronavirus (COVID-19) has shaken industries and economies across the world. If you’re like many small business owners right now, you are probably sitting in your home worrying non-stop about how your small business will make it through this crisis. The...
COVID-19 Updates to Business
Lawhorn CPA Group’s top priority is the safety and well-being of our clients and team professionals. With the new “safer at home” order in effect, please know that our business is considered essential, and we will remain open and working. However after careful review...
Annuity Investment 101
Annuity investments are a growing trend with financially savvy individuals who worry that Social Security and company pension plans won't be enough to fully support their retirement fully. Fears that social security will one day run out coupled with the overall...
COVID-19 + Tax Season: What to Expect
If you have access to the outside world at all, you are probably fully aware of the coronavirus that has been sweeping the world. In an effort to keep you informed, we’ve gathered some information on what this could mean for this tax filing season and what we’re...
IRS Proposes New Rules for Deducting Meals and Entertainment
You’re thinking about hosting your biggest client for a round at the country club. You may want to schedule a meeting with your accountant or CPA first. The golf course or luxury boxes at sporting events and concerts are routinely used to facilitate deals, but new...
Lawhorn CPA Group Adds Marion, VA-based Albano & Associates
Lawhorn CPA Group, headquartered in Knoxville, Tennessee, announces today that it has expanded its physical footprint with the acquisition of Albano & Associates located in Marion, Virginia. The transaction closed January 16, 2020. The strategic business...
What Does an Executor of an Estate Do?
One of the most famous axioms that individuals hear when discussing wealth is that "you can't take it with you when you go." This adage could be considered the primary ethos behind the process of estate planning. Estate planning is the preparation for the distribution...
Tax Planning Basics
“Planning is bringing the future into the present so that you can do something about it now.” ~ Alan Lakein Tax planning is a concept which has become a more prevalent topic in American’s lexicon since the passage of the Tax Cuts and Jobs Act, which became law in...
Pass Go & Collect $200: 6 Personal Finance Lessons Learned from Playing Monopoly
Monopoly has been a favorite board game among kids for over 80 years. Most kids like the game because they get to make money, but what they do not realize is they are also learning valuable personal finance lessons that can help them in the future. Here are the top...
Five Expected Challenges for the 2020 Tax Season
We are 113 days until 2020. If you’re wondering where 2019 went, we are right there with you. As the 2018 tax extension deadline approaches on October 15, 2019, we know you are most likely not considering filing your 2019 tax return yet. But maybe we all should be....
Hiccups at the IRS Cause Taxpayers Indigestion
This year, many Americans received a letter from the IRS, asking them to verify their identities online. Some letters warned recipients that fraudulent tax returns had been filed for them. The remedy? A complicated series of steps that includes...
What You Should Know About Crypto
Chances are, you have been around someone who was talking about trading digital currency or checking their phone every day to see how their Bitcoin or Ethereum was trending in the global market. Here is the reason why … Since 2011, the cryptocurrency market went from...
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...