by Lawhorn Team Professional | Feb 1, 2019 | Advice, Business Practices, Financial Planning, Tax
Revenue from Contracts with Customers, ASU 2014-09, provides framework for businesses to gather revenue and know when and how to report revenue. We have a series of posts concerning the framework laid out in the accounting update; previous posts can be found on the...
by Lawhorn Team Professional | Jan 30, 2019 | Advice, Tax
One of the most frustrating things that business owners have had to deal with regarding the Tax Cuts and Jobs Act (TCJA) is the uncertainty that has been surrounding the new tax law revisions and how they would affect taxpayers. If you have visited with your...
by Lawhorn Team Professional | Jan 24, 2019 | Advice, Financial Planning, Tax
Now that the holidays are over and 2019 has started, have you thought about preparing for tax season? Probably, not. We have some steps to help you gather documents needed to ensure that you do not miss any tax benefits and make the entire experience of...
by Lawhorn Team Professional | Jan 9, 2019 | Advice, Tax
With the recent government shutdown and the opening of the 2019 tax season coming soon, did you wonder how that would affect the filing of your 2018 taxes? Maybe, or maybe not. Since no one knows for sure when the government will re-open, here’s what you need to know....
by Lawhorn Team Professional | Dec 4, 2018 | Advice, Business Practices, Tax
Requirements within state sales tax regulations have changed. The Supreme Court reversed the law (Quill v. North Dakota) requiring retailers to have a physical presence within a state before the state can collect sales tax from businesses. South Dakota v. Wayfair...
by Lawhorn Team Professional | Nov 20, 2018 | Business Practices, Tax
Previously, we introduced the new Accounting Standard Update (ASU) No. 2014-09, Revenue from Contracts from Customers. Although this standard is specific and all-encompassing, framework is provided for assistance. Step One begins by assisting companies with...
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 | Sep 12, 2018 | Advice, Financial Planning
Life Insurance is one of the best and most common ways to protect your family or business in the event of a death. Life insurance is a contract between an insurance policyholder and an insurance company to pay a specific amount to one or more beneficiaries if the...
