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ProfitSense

Tylynn BrownJune 19, 20253 min read

Top 5 Accounting Pitfalls in Construction Projects

Accounting in the construction industry can be inherently challenging ...
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Jagpreet SinghJune 6, 20254 min read

Confused by 1099-K Reporting? You’re Not Alone.

With so many payments being sent online these days, 1099-K reporting ...
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Jon Wellington, J.D.June 2, 20251 min read

Filed a Texas Franchise Tax Extension? Here's What You Need to Know.

If you filed a Texas franchise tax extension, you may think you are ...
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LGT StaffMay 27, 20253 min read

What Businesses Need to Know About ASC 842 for Leases

If your business leases equipment or other assets, it's important to ...
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Arpana NepalMay 21, 20252 min read

Made in America (Again): How Reshoring Is Reshaping U.S. Manufacturing

Reshoring, the practice of bringing manufacturing operations back to ...
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Zaynab SalehMay 21, 20253 min read

Business Interest Deductions: What the IRS Rule 163(j) Means for You

Businesses of all sizes need to borrow money from time to time, ...
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Yvette Garcia, CPAApril 25, 20252 min read

5 Things to Know After Filing a Tax Extension

Many taxpayers breathe a sigh of relief once they’ve submitted a tax ...
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LGT StaffApril 24, 20253 min read

Contractors & Manufacturers: Are You Leaving Tax Savings on the Table?

If you’re in construction or manufacturing, there are some valuable ...
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Tylynn BrownApril 24, 20253 min read

Could These Be the Final Years for Some Major Tax Breaks?

Nearly every taxpayer in the United States relies on some tax ...
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Justin Lewis, CPAApril 24, 20253 min read

6 Ways to Contain Costs as a Nonprofit in 2025

Nonprofit organizations are under a great deal of pressure to make a ...
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Michelle Le, CPAApril 24, 20255 min read

Tariffs 101: What Are They + How Do They Impact You?

Disclaimer: This is an ongoing and evolving situation. The ...
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Molly VezinotMarch 24, 20253 min read

Conducting a Year-End Audit: Tips for Success

Getting ready to perform a year-end financial audit? Maybe you're ...
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Kat Fitzon, CPAMarch 19, 20252 min read

Work Smarter: Cut Costs & Boost Efficiency in Manufacturing

In today’s competitive landscape, manufacturing and distribution ...
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Tylynn BrownMarch 19, 20253 min read

Understanding Qualified Charitable Distributions

For taxpayers who are 70.5 or older (or approaching this age), ...
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Jessica BrownMarch 19, 20253 min read

What Nonprofit Leaders Need to Know About Excise Tax to Avoid Penalties

These days, nonprofit leaders face a great deal of responsibility. ...
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Kim Huynh, CPAFebruary 24, 20252 min read

2024 IRS Tax Changes Everyone Needs to Know Before Filing

With tax season in full swing, many taxpayers are gathering their ...
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Arpana NepalFebruary 18, 20253 min read

Mitigate Nonprofit Risks Before They Happen

As audit time approaches for a nonprofit organization, it’s an ideal ...
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Mindy Tu, CPAFebruary 18, 20252 min read

Standard Deduction vs. Itemized Deductions: Which Is Right for You?

When filing a tax return, taxpayers can either claim standard ...
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Molly VezinotJanuary 29, 20253 min read

Closing the Books Faster: Streamline Your Nonprofit's Monthly Close

Working in nonprofit accounting means taking responsibility for the ...
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LGT StaffJanuary 29, 20253 min read

2025 Tax Planning Tips: Make the Most of Expiring Deductions & Credits

As we kick off a new year, now is a good time for business owners to ...
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