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. ...
by Lawhorn Team Professional | Dec 27, 2017 | Advice, Business Practices, Financial Planning, Tax
With the most extensive overhaul of the U.S…. tax code in more than three decades having now been passed by both Houses of Congress, and officially signed by President Trump to enact it into law, tax reform is here. These changes will require businesses and...
