The Lawhorn Ledger
Financial Insights and Business Strategy
Straight from The Lion’s Mouth
Earlier Due Dates for Forms 1099-MISC and W-2
When a business pays non-employee compensation aggregating to $600 or more to a single payee in a tax year, the business must file a Form 1099-MISC to report the payments to the IRS. Similarly, employers must report wages paid to employees on Forms W-2. Copies of...
The Most Wise Investment You Can Ever Make
All that we have done, are doing, or will do, is based upon 1 common element. PEOPLE! Our business, your business, me, you, us, our team, all represent our "Internal people." WE ARE our Human Resources. We are HUMAN CAPITAL to one another. Those we serve – our...
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....
Value-Based Pricing Explained
Before anything can be sold in the marketplace, you need to formulate a price for that product or service. For nearly the entire history of capitalism, decision-makers have chosen one of two pricing strategies, often without knowing what pricing strategy they are...
IRS Waives Tax Penalties for 400,000 Taxpayers
The new tax laws in the US and the subsequent tax code changes have caused much concern, confusion, and have even caused some to experience unwarranted tax penalties. With the massive overhaul of the tax codes and IRS guidance that has taken place over the past 24...