On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would help small...
What Happened? It took a regular legislative session and two special sessions, but the Texas Legislature finally passed $18 billion in tax cuts that the Governor signed into law on July 22, 2023. As...
Kevin & LGT Head of our firm's Accounting Consulting Services Department and Healthcare Group. Kevin is a partner with 19 years of public accounting experience. His primary focus is in serving...
The U.S. Congress passed multiple bills during the COVID-19 pandemic that provided various forms of relief for businesses and individuals. The Employee Retention Credit (ERC) benefited both by giving...
Fraud can have detrimental effects on not-for-profit organizations (NFPs). For-profit businesses exist for the primary purpose of earning income. They exist to provide services or products, and, in...
Construction is an expensive business. Materials keep going up in price, as do many other expenses. As a contractor, you want to use all of your resources as efficiently as possible. When...
The Inflation Reduction Act (IRA) of 2022 provides billions of dollars in direct funding, tax credits and other incentives aimed at the manufacturing sector. The goal of much of the bill’s funding is...
The Inflation Reduction Act of 2022 (IRA), signed into law last August, touched on a wide variety of climate change and clean energy matters. But perhaps the most important changes for individuals...
The Consolidated Appropriations Act (CAA) of 2023 became law on December 29, 2022. The law provides a total of $1.7 trillion for government projects spanning 12 appropriation bills and covering every...
Every year, the IRS compiles a list of 12 tax scams that could target or affect taxpayers, known as the “Dirty Dozen” list. It advises tax professionals and taxpayers, both individuals and...
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