Don’t Use TurboTax

Don’t Use TurboTax

TurboTax is a popular choice for many every tax season, and while you may be drawn to the low entry price and quicker turnaround time, keep in mind that you get what you pay for, and you could end up regretting using it in the long run. TurboTax Can Be Confusing For...
Common Itemized Deductions

Common Itemized Deductions

If you’re itemizing your deductions this year, you might want to speak to a licensed CPA like LRSCPA. Let us give you a few tips for free! Bunch Your Deductions When your total tax deductions exceed the standard deduction ($12,550 for single filers and $25,100 for...
What Makes A Good Accountant?

What Makes A Good Accountant?

Finding an accountant you trust isn’t as simple as finding any other business–if you’re calling up the first accountant you see and hiring them on the spot, that’s a recipe for disaster. Your accountant should be carefully chosen based on their experience,...
Beginner’s Guide To Cryptocurrency

Beginner’s Guide To Cryptocurrency

With sweeping cryptocurrency regulations set to be put in place by the White House in the coming weeks, it’s important to brush up on crypto for those looking to get into the investing game. There’s no telling how broad the changes may be or how that will change the...
Which Business Structure Should I File As?

Which Business Structure Should I File As?

Businesses can choose to file under a number of different structures that best benefit their needs and interests. All have different criteria that the business needs to meet, and some are significantly more complicated than others. We’ll focus on the 4 main types of...