INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

Strategic depreciation practices for tax savings

Understanding the best approach to depreciation can be game-changing for your business. Don’t miss out on essential tax savings that could optimize your cash flow. Click to explore effective strategies that business owners are using to enhance their financial outlook.

Plan Ahead for Changes to the Lifetime Gift & Estate Tax Exclusion

Are you prepared for the upcoming cut in the lifetime gift and estate tax exclusion? Learn how proactive planning can maximize your tax savings before exemption levels drop.

2024 Update: waiver of RMDs for inherited IRA beneficiaries

The IRS's latest notice suspends RMDs for some inherited IRAs in 2024, offering beneficiaries a financial breather. Find out if you qualify for this waiver and how it affects your tax obligations.

Protecting Your Business From Internal Fraud

Did you know that over half of all business fraud stems from inadequate internal controls? In this video, we'll provide you with four specific controls you can implement to help protect your business. 

Planning to downsize? Three tax considerations for retirees

Downsizing in retirement isn't just about reducing living expenses—it can also be a strategic move toward financial security. Understand how your home's appreciation impacts your taxes and discover strategies to reduce your tax burden.

8 Security Measures To Protect Your WordPress Website

Thousands of WordPress websites are hacked daily, causing significant disruptions and data leaks. Learn about nine essential security measures you should prioritize to protect your WordPress website from cyber threats.

Proactive Tax Strategies for High-Earning Taxpayers

The IRS has issued clear warnings about its increased scrutiny of high-net-worth individuals, especially those using risky tactics to reduce tax obligations. This video provides strategies for optimizing your financial situation while staying within the bounds of the law. 

The CTA ruling: implications for beneficial ownership reporting in the wake of legal challenges

The U.S. District Court for the Northern District of Alabama recently ruled that the Corporate Transparency Act exceeded Congress's legislative powers listed in the Constitution. Learn about the ruling and how this might affect the reporting requirements for your business.

Mitigating the Risk of Deepfake Fraud

With the rise of AI, deepfake fraud is on the rise, resulting in significant financial losses for companies. Explore the need for increased employee education and enhanced security measures. Reach out to us to learn how to protect your organization against these sophisticated cybercrimes.

Unlocking Business Growth: Proactive Cash Flow Planning and Management

Discover the key to unlocking your business's potential with effective cash flow management strategies. Learn how monitoring cash flow, optimizing inventory, and planning for taxes can drive informed decisions and sustainable growth

Building sustainable wealth: 5 key considerations for emerging high earners

Get valuable insights on how to build sustainable wealth as an emerging high-earner. This article dives deep into managing lifestyle creep, understanding income tax, and making tax-efficient investments. Learn how to leverage everyday expenses to lower your tax bill and preserve wealth.

Maximize Your Health Savings With an HSA

Maximize your health savings account benefits and avoid unnecessary taxes and penalties. Discover the eligibility criteria, benefits, and how to effectively manage your HSA.

State Tax Considerations for Foreign Businesses Expanding into the US

Are you a foreign business thinking of expanding into the US? Navigating the complex landscape of state taxes is crucial, with each state's unique rules potentially impacting your tax obligations and compliance..

2024 Planning Guide for Agribusiness Clients

2024 is going to be an important planning year for many of our agribusiness clients, especially ranches who are looking at strong cattle prices and margins to start the year. Here are few items to focus on throughout 2024.

Tax advantages of qualified charitable distributions

Learn how qualified charitable distributions from your IRA can help save in taxes while benefiting a worthy cause.