Our Financial Blog

What Is Annualized Rate of Return?

What Is Annualized Rate of Return?

Annualized Rate of Return is a metric used to compare the profitability of different investments over different time frames. It gives you one number to directly compare to another number that shows how profitable an investment is over a given 12 month period. This...

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Top 4 Tips From A Business Consultant

Top 4 Tips From A Business Consultant

Our CPA firm is more than just a bunch of number crunchers–we are your business partners too. All of our suggestions are based on a deep-rooted understanding of accounting principles and your finances, so you know you’re getting the proper guidance from the team that...

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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...

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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...

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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,...

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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...

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Blog Categories

Tax Tips

A Few Other Resources We’ve Created for Our Customers

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...

Cryptocurrency Tax Laws in 2022

Cryptocurrency Tax Laws in 2022

As it is with anything new, the IRS is playing catch up and trying to figure out the best way to handle income gained through the sale and trading of cryptocurrency. If you traded on any crypto market in 2021, your 2021 tax return might look a little different this...

What is the Energy Efficient Commercial Buildings Tax Deduction?

What is the Energy Efficient Commercial Buildings Tax Deduction?

Building owners who have made energy efficiency improvements to their properties can utilize the statute of limitations for amending tax returns to receive immediate tax deductions under the Energy Efficient Commercial Buildings Tax Deduction, commonly called the...