INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

Washington Supreme Court Narrows B&O Tax Investment Deduction: What Businesses Need to Know

In a recent decision, the Washington Supreme Court upheld a significant change to the state’s Business & Occupation (B&O) tax rules, narrowing eligibility for the investment income deduction. This ruling now limits the deduction to what it describes as “incidental investments of surplus funds,” impacting a wide range of businesses that previously relied on this deduction to reduce tax liabilities.

A Proactive Approach to Cybersecurity Risk Management

Cyber threats are serious business risks that can harm your bottom line, reputation, and operations. This guide covers essential defense strategies you need to know to protect your business. Learn how proactive cybersecurity measures can make all the difference.

Elevate Your Business With CPA Advisory Services

Discover how CPA advisory services can provide strategic value to your business, helping you navigate complex transactions and enhance financial efficiency. This video explores different services CPAs offer, from financial planning to M&A consulting, and how they can benefit your business.

Attestation Services: An Introductory Guide

In today's business world, trust and transparency are non-negotiable. Discover how attestation services can enhance your company's credibility by providing independent verification of your financial information. Read our essential guide to learn how these services can drive business success and foster stakeholder confidence.

Instructions for Filing 990-N Returns

Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.

Key Facts About Form 1099s

Whether managing personal finances or running a business, this article provides essential questions to ask your CPA for informed decision-making. Discuss everything from tax planning to retirement and succession planning. Stay on top of your financial game by making your CPA meetings count.

Time to check your withholding: a year-end tax reminder for high-income earners and gig workers

Year-end is fast approaching, and for high-income earners and gig workers, it's the perfect time to review your tax withholding. This article will explain why this check is crucial and how it could potentially help you avoid a hefty tax bill.

Key conversations to have with your CPA

Whether managing personal finances or running a business, this article provides essential questions to ask your CPA for informed decision-making. Discuss everything from tax planning to retirement and succession planning. Stay on top of your financial game by making your CPA meetings count.

Small Business Tax Credits And Deductions

If you're a small business owner, this video will provide an overview of the tax credits and deductions available to you. From the Qualified Business Income deduction to the Disabled Access Credit, learn how to utilize these opportunities to reduce your tax liability.

Important Update: Upcoming Changes to Estate and Gift Tax

With several key tax provisions set to expire at the end of 2025, we strongly recommend that you review your estate plan now to ensure your loved ones are protected and minimize potential tax liabilities.

Nonprofits need to cultivate a new type of workforce

Nonprofits need to cultivate a new type of workforce by adopting a more operational mindset and investing in technology, which will attract top talent

Renouncing Your U.S. Citizenship

Learn the steps to renounce your U.S. citizenship, including securing a second passport, attending your embassy appointment, and filing your final tax return. Stay informed on the process and requirements for expatriation.

Classroom Costs and Tax Relief: Understanding the Educator Expense Deduction

Are you an educator seeking ways to maximize your tax savings? Discover how classroom costs can equate to tax relief in our latest article, providing clear insights for educators to save money.

Accounts Payable Strategies and Best Practices

Efficient accounts payable management isn't just about paying bills—it can directly impact your business's financial health and growth. From digital tools for invoice processing to robust internal controls for fraud prevention, this article covers everything you need to know.

The Unseen Complexities of Lease Accounting

Discover the complexities of lease accounting and the crucial role of a professional CPA in navigating these challenges in this video. Learn about the new standards of ASC 842, how it's changing how leases are recorded, and why it's so important to get it right.

Preparing your business for an exit

Selling your business is a significant undertaking that requires foresight, thoughtful planning, and an honest look at you and your business. If done correctly, it is an exciting time that results in the funds and freedom to begin a new adventure in life. Learn about steps you can take to prepare for the sale of your business.
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