by Lawhorn Team Professional | Aug 8, 2022 | Advice, Tax
This year, many Americans received a letter from the IRS, asking them to verify their identities online. Some letters warned recipients that fraudulent tax returns had been filed for them. The remedy? A complicated series of steps that includes...
by Lawhorn Team Professional | Dec 28, 2021 | Financial Planning, Investments
Chances are, you have been around someone who was talking about trading digital currency or checking their phone every day to see how their Bitcoin or Ethereum was trending in the global market. Here is the reason why … Since 2011, the cryptocurrency market went from...
by Lawhorn Team Professional | Sep 20, 2021 | Investments
A cryptocurrency, crypto-currency, or crypto is a collection of binary data that is designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure...
by Lawhorn Team Professional | Jul 12, 2021 | Advice, Business Practices, Financial Planning, Miscellaneous, Tax
According to the Internal Revenue Service, more than 74 million tax returns were filed with the help of a tax professional in 2020. Having a tax accountant help you file your taxes is a great and stress-free way to make sure everything is filed correctly. Your tax...
by Lawhorn Team Professional | Jun 18, 2021 | Advice, Financial Planning, Tax
In March 2021, the American Rescue Plan Act expanded the Child Tax Credit (CTC), providing larger payments and a provision for advance payments on the CTC that will start in July. This tax return advance is intended to support families still struggling with financial...
by Lawhorn Team Professional | Jun 11, 2021 | Advice, Financial Planning, Tax
There’s a lot that we already know about President Biden’s American Families Plan (AFP). With an estimated budget of $1.8 trillion, this infrastructure proposal would raise the top income tax rate to 39.6 percent and...
by Lawhorn Team Professional | May 6, 2021 | Financial Planning, Tax
On April 28,2021, President Joe Biden announced a proposal to support Americans in childcare, family leave, education, etc. This $1.8 trillion American Families Plan includes several tax provisions that range from tax increases for some taxpayers to tax cuts for...
by Lawhorn Team Professional | Apr 15, 2021 | Advice, Business Practices, Financial Planning
When you become a small business owner, you have to learn how to do a lot of things that you have never done before, such as managing staff, finances, and shipments. To successfully manage your finances, you must be able to create and maintain a small business budget....
by Lawhorn Team Professional | Mar 16, 2021 | Advice, Financial Planning
It’s never too early or too late to plan for retirement. Whether you just started working or you’re almost ready to retire, there are steps you can take to grow your retirement savings. The earlier you start, the better, but even if you begin saving later in your...
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...
