INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

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.

Reasons for a Business Valuation

Do you know when your business might need a valuation? Understanding the value of your company is essential for every business owner. Business Valuations not only provide a clear picture of your company’s worth but also empower you to make informed decisions, plan for future success, and ensure the lasting legacy of your business.

IRS Releases Final Regulations on RMDs and the 10-Year Rule

The IRS released final regulations on required minimum distributions and the ten-year rule. This video provides an overview of the new regulations and how they may impact you or your heirs.

ERC Claims Under Scrutiny: Red Flags And Preparation

The IRS has resumed processing claims for the employee retention credit but with increased scrutiny. This video provides an overview of common red flags, such as overclaiming and incorrect reporting of wages, that are resulting in greater scrutiny. Learn about the red flags and what to do if your ERC claim may be erroneous.

Recruiting Tips for Small Businesses

Looking to build a winning team for your small business? Our new article offers practical tips for effective recruitment, ensuring you find the right fit for your company's culture and vision. Click to learn more about enhancing your hiring process and securing the best talent.

Slower pace of hiring in June bolsters case for Fed rate cut

The June jobs report should send a signal to the Fed that with inflation sitting at 2.6%, conditions are aligning for a rate cut in September.

Understanding the Child and Dependent Care Credit

Are you a parent or caregiver? This video breaks down everything you need to know about the child and dependent care credit. Don't miss this opportunity to reduce your tax bill!
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