Controlling Cash in a Down Economy

Posted by Jeff Fisher on Sep 15, 2020

The COVID-19 pandemic has created an economic downturn of a severity seldom experienced in our nation. Many businesses, including dealerships, have turned to government and business loans to help keep them up and running. But there may be other sources of cash, right in your own business, that also should be explored.  

Read More

Topics: Auto

Market Update - September 15th

Posted by Miller Bentley, Financial Advisor on Sep 15, 2020

We made it to mid-September of a year uniquely defined in just about every facet of life. From a personal well-being standpoint, the COVID-19 pandemic has claimed the lives of over 193,000 individuals in the US in just over 200 days. With hope of a vaccine on the horizon, individuals are keeping a close eye on development and action plans for administration once approved by the Food and Drug Administration (FDA).

Read More

Topics: Financial Planning, Market Update

Why You May Need a Financial Advisor

In today’s climate of uncertainty, it is never too late to build a plan for success. Surprisingly, you do not need to be at the top of your career to seek financial advice. Anyone can work with a financial professional at any age or season of life. The most important element is to find an advisor that speaks to your needs and financial goals.

Read More

10 Do and Don'ts to Survive Your Sales Tax Audit

When taxpayers are faced with an audit, they naturally feel some anxiety and concern. See below 10 general tips of what to do and what not to do when dealing with a sales tax audit.

Read More

Topics: SALT

Best Practices from a Managing Partner

Posted by Bell Holder on Sep 2, 2020

Every year Accounting Today releases a list of the year’s managing partner elite. Lane Gorman Trubitt is excited to announce that Lee Ann Collins, managing partner at LGT, made the list.

Read More

Topics: Good News

Latest with the IRS Guidance on Payroll Tax Deferral

On August 8, 2020, President Trump issued a memorandum authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. On August 28th, the IRS released Notice 2020-65 providing guidance to employers about how to implement the deferral. While helpful, the guidance still leaves many open questions about the practical implementation of the deferral and the risks to employers participating in this program.

Read More

Topics: Tax, IRS, small business, LGT, COVID-19, payroll, deferral

LGT is the Best Place to Work!

Posted by Jillian Hawkins, Recruiting Manager on Sep 1, 2020

Lane Gorman Trubitt is excited to announce that it has been recently named as one of the 2020 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.

Read More

Topics: Good News

What Does Trump’s Payroll Tax Deferral Plan Mean For You?

On August 8, 2020, President Trump issued a memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. Unfortunately, the memorandum leaves many more questions than answers for employers, making participation in the program an uncertain endeavor. The below discussion highlights what we know so far and what we need to learn before September 1st.

Read More

Topics: Accounting Tips, Tax, COVID-19, payroll

Wealth Savings for the Long Term: Mortgage Refinance

Posted by Miller Bentley, Financial Advisor on Aug 10, 2020

The broad market has been under extreme pressure over the past year, which has led to the Federal Reserve board and the Federal Open Market Committee deciding to lower the target federal funds rate. There are many different tools that are affected by the rising and falling of the target federal funds rate.

Read More

Topics: Financial Planning

Donor Advised Funds: Smart Giving

In my desire to be more philanthropic I began serving on a finance committee for a foundation. During this time, I was introduced to one of the most impactful giving tools—the donor advised fund. We were not independently wealthy individuals when my husband and I started our fund; for the record, we’re still not.

Read More

Topics: Not-for-Profit, NFP, Donor Advised Funds

Subscribe to Updates

Posts by Topic

Recent Posts