We Ran and We Biked!
LSWG team members were out and about the past couple of weeks actively supporting some very worthy causes. LSWG is proud to not only have sponsored–but also to have participated… [more]
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]
Employers and Business Owners – Start Now to Prepare for January 31 Filing Deadline
If you are responsible for payroll and/or 1099s, we urge you to start planning now to make certain you meet the January 31 filing deadline for wage statements and independent… [more]
Can I Deduct That Business Meal?
The 2017 Tax Cuts and Jobs Act expressly repealed the deductions for entertainment, amusement, or recreation. However, the Act did not specifically address the deductibility of expenses for business meals. On October… [more]