INSIGHTS

Thoughtful
thoughts from
the thinkers at
Larson Gross.

Financial red flags: a guide for nonprofit board members and directors 

Protect your nonprofit organization from financial crises with these expert tips for board members and directors. Discover the warning signs of financial mismanagement and how to prevent them.

Q2 Questions for HR Departments

Second quarter is typically a time of planning and/or pivoting for Human Resources. Mid-year checkins are on the way and any handbook updates should be wrapping up. Here are some things to be thinking about as we enter the second quarter of the year.

The Power of AI: Boosting Worker Productivity

Learn how Artificial Intelligence is transforming worker productivity and its impact on businesses and the labor market.

Hiring Your Child Can Help You Save Big in Taxes

Hiring your child for your business can lead to significant tax savings by shifting income, reducing taxes, and reducing FICA and FUTA obligations. However, it's crucial to follow employment laws and withhold appropriate taxes. Learn more about the benefits and rules for hiring your child.

Business Travel Expenses: Per Diem vs Actual Expenses

If your employees travel for work purposes, it’s important to understand the various methods of tracking and substantiating travel expenses so that you can maintain accurate records, control costs, and take advantage of potential tax benefits. Watch this video to learn about business travel expenses, per diem allowances, and how they affect employees and employers.

6 Misconceptions of a Revocable Living Trust

A revocable living trust, or RLT, offers many benefits, including probate avoidance, privacy, and flexibility in managing assets during one’s life, incapacity, and death. However, despite their popularity as an estate planning tool, there are many misconceptions surrounding revocable trusts that lead to confusion and misunderstandings. Watch this video to learn about the top six misconceptions.

How manufacturers can manage back-office costs in a tight economy

Assessing how IT and broader technology teams enable efficiency is key.

Options When You Are Unable to Pay Your Tax Bill

Tax season is upon us again, and this time of year can be stressful for many taxpayers. Not only do you have to gather all your financial documents for your tax return, but you also have to face the possibility of owing money to the IRS. If you are in this situation and can't pay your entire tax bill immediately, don't panic - you have options. 

5 Common Payroll Mistakes to Avoid

   INSIGHTS5 Common Payroll Mistakes to Avoidby Rachelle KellyARTICLE | April 10, 2023 Payroll mistakes can be ...

IRS Dirty Dozen Top Tax Scams To Avoid

Each year, the Internal Revenue Service publishes its annual Dirty Dozen list of tax scams highlighting various schemes that put taxpayers and their financial well-being at risk. In this video, we'll provide an overview of five of the top scams on the list.

Protect Your Business: Investing in Cybersecurity

Many organizations are turning to outsourced bill-pay services to solve these issues, which can help improve efficiency, accuracy, and security. Learn about the benefits of outsourcing your accounts payable process.

What LG IT Managed Services Can Do For Your Business

Many organizations are turning to outsourced bill-pay services to solve these issues, which can help improve efficiency, accuracy, and security. Learn about the benefits of outsourcing your accounts payable process.

U.S. Estate Planning Issues for U.S. Citizens Living Abroad

Many Americans living abroad do not realize they are subject to U.S. federal estate tax regardless of whether or not they own any U.S. property. Read on to learn more about reducing your exposure.

Common Estate Planning Mistakes and Questions to Consider

Estate planning can be filled with many uncertainties. Avoiding these common estate planning mistakes can bring peace-of-mind and can help ensure that your intended beneficiaries are not left with unintended legal complications.

FDIC Options for Large Corporate or Personal Cash Holdings

In light of the Silicon Valley Bank chatter this past week, we wanted to remind you that if you are looking for FDIC options for large corporate or personal cash holdings, we recommend talking with your Financial or Private Wealth Advisor about what Certificate of Deposit Account Registry Service (CDARS) programs are available.