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Value-Based Pricing Explained

Value-Based Pricing Explained

by Lawhorn Team Professional | Aug 23, 2019 | Advice, Business Practices, Miscellaneous

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

IRS Waives Tax Penalties for 400,000 Taxpayers

by Lawhorn Team Professional | Aug 15, 2019 | Advice, Business Practices, Tax

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...
Xero Updates and What They Mean for Clients

Xero Updates and What They Mean for Clients

by Lawhorn Team Professional | Aug 9, 2019 | Advice, Business Practices, Miscellaneous

We hear a lot about the ‘cloud’ and have begun to frequently refer to our workplace data and storage as ‘the cloud.’ The term has become our metaphor for the Internet, and it is a blend of where we house our work and the processes of our work from software, to drives,...
What is a Financial Reporting Engagement

What is a Financial Reporting Engagement

by Lawhorn Team Professional | Jul 31, 2019 | Business Practices, Financial Planning, Miscellaneous, Tax

We all know the importance of keeping track of finances.  Personal, or business, keeping “good books” helps one avoid surprises, audits, and potential fines by the IRS or other taxing authority.  We also know it is always a good idea to have a professional...
Congress Passes New IRS Reform Bill

Congress Passes New IRS Reform Bill

by Lawhorn Team Professional | Jun 17, 2019 | Business Practices, Tax

**Update:  As of Monday, July 1, 2019, President Trump has signed the Taxpayer First Act into law. A new, bipartisan IRS reform bill has just been signed into law by the President. The bill, called the Taxpayer First Act and championed by the Senate Finance...
How to Choose the Correct Business Entity

How to Choose the Correct Business Entity

by Lawhorn Team Professional | Apr 30, 2019 | Advice, Business Practices, Financial Planning, Tax

On most accounts, there has never been a better time to take the leap towards entrepreneurship in America. After all, there are have been several new initiatives that were part of the Tax Cut and Jobs Act of 2018 that helped introduce a single and flat corporate tax...
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