by Lawhorn Team Professional | Aug 29, 2018 | Miscellaneous
While she won’t admit to being the “live wire” of the group, Jessica has an insatiably magnetic personality, making her a great point of contact for Lawhorn CPA’s clients. When interfacing with clients and helping solve their business problems,...
by Lawhorn Team Professional | Aug 14, 2018 | Advice, Financial Planning
Private foundations have grown in popularity in recent years and go hand-in-hand with estate planning. For individuals who are charity driven, adding a private foundation to an estate plan can be a rewarding experience on several levels. Not only will creating a...
by Lawhorn Team Professional | Jul 2, 2018 | Advice, Financial Planning, Investments
Finding tax-free ways to save for college is a big deal for a large portion of the population, and for good reason. Obtaining a college education is one of the best ways for your dependents to secure a better job and a better life. However, despite different attempts...
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 | May 15, 2018 | Advice, Financial Planning, Tax
If you’re slightly confused regarding how the Tax Cuts and Jobs Act affects your personal tax strategy, you’re not alone. One of the primary causes for confusion is the disconnect between lawmakers and the IRS. Even though the new law drastically changes...
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 | Mar 28, 2018 | Advice, Tax
There are few events that cause a business owner or individual to cringe more than receiving a dreaded IRS tax audit notice in the mail. For those lucky enough to have never been through a tax audit before, a quick tax audit definition is in order. Essentially, an IRS...
by Lawhorn Team Professional | Mar 12, 2018 | Advice, Financial Planning, Tax
The tax season is upon us once again, and with it comes the emergence of tax schemes both old and new. New tax scams in 2018 are as numerous and innovate as in previous years. Tax refund scams are so numerous, that the Internal Revenue Service issues an annual list of...
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...
by Lawhorn Team Professional | Jan 26, 2018 | Advice, Tax
With the recent government shutdown and the opening of the 2018 tax season coming soon, did you wonder how that would affect the filing your 2017 taxes? Maybe, or maybe not. Thing is, a government shutdown would affect the IRS and its plan for tax filing season. ...
