by Lawhorn Team Professional | Oct 16, 2018 | Advice, Business Practices
In our first edition of this series we introduced the new Accounting Standard Update (ASU) No. 2014-09, Revenue from Contracts with Customers. This standard is specific and all-encompassing and the FASB (Financial Accounting Standards Board) provides framework for...
by Lawhorn Team Professional | Oct 9, 2018 | Business Practices, Tax
The following is the first in our series of articles discussing the latest on the Revenue from Contracts with Customers standard, ASU (Accounting Standard Update) No. 2014-09, which was to be adopted by public companies by year end 2018. Our goal is to keep you...
by Lawhorn Team Professional | Sep 28, 2018 | Advice, Business Practices, Financial Planning
At Lawhorn CPA Group we work as a member of a team of professionals qualified in their respective fields on behalf of our clients. Whether you need additional assistance with tax attorneys, certified financial planners, or accountants, we seek to provide encompassing...
by Lawhorn Team Professional | Jun 25, 2018 | Advice, Business Practices, Tax
In a 5-4 decision on Thursday, June 21, the Supreme Court ruled that states can collect online sales tax—discarding the court’s longstanding rule that states cannot require companies without a physical presence to collect sales taxes. The decision reverses decades of...
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 | 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...
