by Sal Schibell | Jun 14, 2022 | News
Gift tax is a consideration that those making large donations to an individual must consider. The IRS considers a gift anything that is a transfer to an individual, directly or indirectly, where full consideration (measured in money or money’s worth) is not received...
by Sal Schibell | Jun 14, 2022 | News
Tax time can be a stressful one for business owners. Luckily, since the 2018 tax year, small business owners and self-employed taxpayers have been able to take advantage of the qualified business income deduction (QBI) to deduct up to 20% of their qualified business...
by Sal Schibell | May 16, 2022 | News
Financial audits guarantee that a business’ finances are accurate and that their reports and operations are fully functioning according to plan. They also verify that the information being collected contains no errors that could potentially cause problems both in the...
by Sal Schibell | May 16, 2022 | News
LRSCPA is a well-rounded CPA firm that offers corporate accounting services to New Jersey small and medium-sized businesses. To make sure your business isn’t falling behind, we’ve put together a comprehensive corporate financial checklist for your business to adhere...
by Sal Schibell | Apr 8, 2022 | News
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...
by Sal Schibell | Apr 8, 2022 | Business Advice, News
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...
