Estate & Gift Tax Rates

Estate & Gift Tax Rates

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...
Qualified Business Income Deduction

Qualified Business Income Deduction

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...
Financial Audit

Financial Audit

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...
Corporate Financial Checklist

Corporate Financial Checklist

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...
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...
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...