Archive for the ‘Uncategorized’ Category
Investing in the Long-Term
Taking time out from the day-to-day role of public accountants, LSWG principals make it a point each year to get together and focus on the business of managing LSWG. The… [more]
Real ID Act Changes the Driver’s License Landscape
Your driver’s license may no longer be the comprehensive ID you always thought it would be, thanks to the Real ID Act, a federal law that set high security standards for… [more]
New DC Employer Tax to Begin July 1, 2019
Starting July 1, 2019, the District of Columbia will collect taxes from “covered employers” to fund the Paid Family Leave (PFL) benefit. Employers must begin recording wages for workers on April 1,… [more]
USPS Mail Scam Alert
Apparently it’s not a new scam, but we have personally heard from several folks who have fallen victim to the USPS Change of Address (mail forwarding) scam. It’s tax time… [more]
Help! My QuickBooks Reconciliation Balance Doesn’t Match My Bank Statement
Several reasons may explain why the beginning reconciliation balance in QuickBooks does not match your bank statement. Ask yourself: Is this the first time I have tried to reconcile the… [more]
Introducing the Newest Members of the LSWG Team
Please join us in welcoming… Paula Babcock, E.A., has joined LSWG as a senior tax accountant in the firm’s Frederick office where she is a tax preparer working primarily with closely-held… [more]
Is Your Rental Property a “Qualified Trade or Business”?
The IRS recently released additional guidance on Section 199A—which has the potential to help certain business owners significantly reduce their annual tax bill with a 20% deduction against their “qualified” pass-through… [more]
IRS Releases Standard Mileage Rate for 2018
IRS has released the standard mileage rate for 2018. It will be 54.5 cents per mile.