lgtcpa

Dedicated to serving the middle market, Lane Gorman Trubitt, PLLC (LGT) represents a broad range of clients, from individuals to public companies, in a variety of industries. LGT offers traditional accounting, audit and tax services, as well as various other specialized professional services. In an effort to expand the services provided to valued clients, LGT has launched three affiliated companies, LGT Financial Advisors, LLC, LGT Insurance Services Inc. and LGT Retirement Plan Solutions.

Recent Posts

Principal named President-Elect of CREW Dallas

Posted by lgtcpa on Nov 29, 2017

Commercial Real Estate for Women’s Dallas Chapter (“CREW Dallas”), a not-for-profit organization, recently named Shea Kracheck, Tax Principal at LGT, as the 2018 President-Elect. Over her four-year term, Shea will shepherd the Board of Directors in their responsibilities for setting goals, priorities, strategic objectives, and more.

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Topics: Real Estate, Not-for-Profit, Tax

Five cybersecurity measures not-for-profits should take now

Posted by lgtcpa on Nov 29, 2017

With so much on their plates, it’s not surprising that cybersecurity isn’t at the top of some not-for-profits’ to-do lists.

But cyber risks are real and can prove costly in terms of both finances and reputation. Fortunately, you can take some proactive steps to reduce your risks without breaking the bank.

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Topics: Not-for-Profit, cyber security, cybersecurity

Tax Update: Estate and Gift Tax

Posted by lgtcpa on Oct 25, 2017

The annual gift tax exclusion will increase next year to $15,000, a $1,000 hike over this year’s figure and the first jump since 2013. This pertains to gifts made in 2018.

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Topics: Tax

Harvey Victim Relief — Tax Treatment

Posted by lgtcpa on Sep 20, 2017

Source: "Employer Sponsored Disaster Relief Benefits" by Postlethwaite & Netterville ("P&N")

HOW EMPLOYERS CAN HELP EMPLOYEES

Many employers are now looking for ways to help employees in the wake of this crisis. A few ways employers can help employees include: 

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Topics: Accounting Tips, Tax, Financial, hurricane harvey, IRS, disaster, relief

Tax Update:  Check yourself before you tax yourself

Posted by lgtcpa on Aug 2, 2017

When was the last time you checked your tax withholding, when you signed that W-4 eight years ago? There are multiple factors that largely affect how much you owe each year. Be mindful of potential refunds or taxes that you could owe.

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Topics: Accounting Tips, Tax

Tax Update: Beware of last-minute email scams!

Posted by lgtcpa on Mar 22, 2017

The IRS sends warnings of phishing emails scams, particularly those requesting last-minute changes and account updates.

Cybercriminals are taking the time when people are vulnerable, and creating sophisticated scams to trick anyone.

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Topics: Accounting Tips, Tax

Tax Update: 2017 Cost-of-Living Adjustments

Posted by lgtcpa on Feb 22, 2017

The IRS recently issued its 2017 cost-of-living adjustments. Because inflation remains relatively in check, many amounts increase only slightly, and some stay at 2016 levels.

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Topics: Accounting Tips, Tax

How will the election outcome affect future tax law changes?

Posted by lgtcpa on Jan 26, 2017

The election of Donald Trump as President of the United States, along with Republicans retaining control of both chambers of Congress, will likely result in an overhaul of the U.S. tax code.

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Topics: Accounting Tips, Tax

Timing is everything: Your income and expenses

Posted by lgtcpa on Nov 9, 2016

They say timing is everything. And, when it comes to year-end tax planning, this expression certainly holds true for income and expenses.

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Topics: Accounting Tips, Tax

Tax Update:  Transfer tax exemptions and rates

Posted by lgtcpa on Oct 19, 2016

The gift tax continues to follow the estate tax exemption and rates.

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Topics: Accounting Tips, Tax