TAX SEASON 2022 – Are You Ready?
Thursday, February 17, 2022 – At LSWG we are putting on the coffee and gearing up for another tax season. Are you ready? The 2022 IRS deadline for filing individual… [more]
What To Know About Backup Withholding
Wednesday, February 9, 2022 – Everyone knows standard paychecks are subject to tax withholding, but other kinds of payments may be subject to withholding as well. Payments such as fees… [more]
Inside LSWG – Welcome, Brenda, Tyler, and Michelle
Wednesday, February 2, 2022 – LSWG is pleased to announce the addition of three new staff members who recently joined our growing ranks. Brenda Wilhelm joined LSWG in October 2021 as… [more]
Mileage Rates for 2022 …and other quick reference numbers
Wednesday, January 26, 2022 – As of Jan. 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents… [more]
TAX SEASON 2022
Thursday, January 20, 2022 – Just as federal and state offices ready themselves to start accepting tax returns, the comptroller announces an extension to Maryland individual income tax filing and… [more]
Changes in W-2 Reporting and Reminders for 1099 Reporting for Tax Year 2021
Tuesday, December 21, 2021 – The new Taxpayer First Act includes a mandate for electronic filing of IRS forms which include W-2s. In 2022 if you file 100 or more… [more]
Tax Planning 2021 and 2022
Wednesday, December 15, 2021 – Another year of coping with a pandemic has resulted in significant tax law changes — with the possibility of more to come. Tax planning has… [more]
IRS Reminds Taxpayers of Limited-Time Donation Rules
Wednesday, December 1, 2021 – Special rules allow limited charitable deductions even for taxpayers who don’t itemize, and there are other donation changes for individuals and businesses, but these benefits… [more]
Early End to ERC Eligibility
Tuesday, November 16, 2021 – As we previously reported, included in the draft of the infrastructure bill passed by the Senate in October, was a provision to end the eligibility… [more]
What to Know About the New Lease Accounting Standard
The effective date for private companies to comply with Accounting Standards Codification 842 is on the horizon. The new standard clarifies definitions and businesses will need to make sure they’re… [more]