The Dangers of Procrastination
If you dither and procrastinate over creating even a straightforward will or simple trust, you put the future finances of your family and loved ones in jeopardy. You risk that… [more]
Do you qualify for the Employee Retention Credit?
The Employee Retention Credit is a powerful but complex COVID relief program that has been changed several times by the Federal Government. Employers can be eligible for the Employee… [more]
Inside LSWG
LSWG – Supporting the Community Dakota Ellis, Luke Reich, Jocelyn Castillo, and Corey Patterson were happy to deliver LSWG’s contributions to the United Way. United Way of Frederick County hosted a donation drop-off for… [more]
Sales tax…Are you liable?
By David A. Wolford, CPA In June of 2018, the Supreme Court ruled on a court case that changed the way states are allowed to establish nexus from businesses selling taxable… [more]
A Fresh Look at Retirement Withdrawal Rules
Thursday, September 29, 2022: With a series of recent changes, and some possible future modifications, many are confused about the withdrawal rules on retirement accounts. To start with, the SECURE… [more]
Cryptocurrency and the ‘Wash Sale’ Rule
Tuesday, September 20, 2022: The IRS classifies virtual currencies like Bitcoin, Ethereum, and Dogecoin as property. Which means that crypto follows the same rules as stocks and bonds: you pay tax if you… [more]
Inside LSWG – September 2022
Thursday, September 15, 2022: Join us in welcoming Tina Popkin, Drew Mullen, and Kim Johnston Christina (Tina) Popkin joined LSWG as a staff accountant in our Frederick office in June of 2022. Tina is a… [more]
Should You Add Your Children to Your Deed and Bank Accounts?
Tuesday, September 6, 2022 – Many people believe that an easy way to avoid probate and enable your children to assist you as you age is to add your children… [more]
Do You Have a Hobby or a Business?
Monday, August 15, 2022 – This is an age-old question, and it’s more than academic: The answer can mean a big difference in your tax bill. The following IRS guidance… [more]
All About Quarterly Tax Returns
Wednesday, August 10, 2022 – Form 941 is the quarterly tax return for reporting income taxes as well as withholdings of employee payroll taxes, Social Security, and Medicare. Here we… [more]