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The 2017 Tax Cuts and Jobs Act expressly repealed the deductions for entertainment, amusement, or recreation.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]
NEW Maryland Tax Credit on Student Loans
A tax credit has been made available for 2018 Maryland tax returns for individuals with student loan balances in excess of $20,000. The catch: The application is due by September… [more]
Check Your Withholding NOW
Congressional auditors are reporting that approximately 30 million taxpayers—21 percent of U.S. taxpayers—are likely to face a larger tax bill when they file in 2019 because too little was withheld… [more]
Outside LSWG – Steven Eader
LSWG supervisor Steven Eader recently had an opportunity to visit the island of Oahu where he hiked the Pali Notches trail and went scuba diving around the Corsair Plane wreck.
Stuff The Bus 2018
LSWG got onboard the yellow school bus with several bins of school supplies for the United Way of Frederick County’s 10th Annual Stuff the Bus campaign. LSWG’s office manager, Kathaleen… [more]
Outside LSWG – Battle of the Beltways
LSWG’ers Lisa Frushour and Cindy McGiffin caught a major league baseball game while at the National Harbor attending the AICPA Not-for-Profit Conference. The Washington Nationals beat the Baltimore Orioles that day—and… [more]
LSWG at INPACT
LSWG principals, Kevin Hessler, Barbara Roman, and Jennifer Clingan recently attended the annual INPACT Conference in Santa Fe, New Mexico. Leaders from 22 different CPA firms from around the country… [more]