by Lawhorn Team Professional | Jun 10, 2020 | Business Practices, Financial Planning
“Never before has the NBER (National Bureau of Economic Research) so quickly designated the onset of a recession.” – CNN The coronavirus pandemic has upended every aspect of modern life, and it has now officially ended the longest period of economic expansion in...
by Lawhorn Team Professional | Jun 8, 2020 | Advice, Business Practices, Miscellaneous, Tax
Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020. The US Small Business Administration (SBA) received funding and authority through the Act to modify existing loan programs and establish new loan programs to assist small...
by Lawhorn Team Professional | Apr 10, 2020 | Advice, Financial Planning
401(k) plans are the bedrock of retirement planning and allow you to deduct savings from your salary while deferring taxes until you make a withdrawal. Previously, an individual had to wait until they reached retirement age (59.5 years old) to access 401(k) money or...
by Lawhorn Team Professional | Apr 6, 2020 | Advice, Business Practices, Financial Planning
The novel coronavirus (COVID-19) has shaken industries and economies across the world. If you’re like many small business owners right now, you are probably sitting in your home worrying non-stop about how your small business will make it through this crisis. The...
by Lawhorn Team Professional | Mar 25, 2020 | Advice, Business Practices, Miscellaneous, Tax
Lawhorn CPA Group’s top priority is the safety and well-being of our clients and team professionals. With the new “safer at home” order in effect, please know that our business is considered essential, and we will remain open and working. However after careful review...