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]

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]

Did You Sell Your Home?

Wednesday, August 3, 2022 – A lot of families move during the summer. If you sold (or are selling your home), here are some reminders from the IRS. Taxpayers who… [more]

How to Pick a Trustee

Monday, August 1, 2022 – It’s a major decision that requires a lot of thought: Who should be the trustee of your estate? Should you choose a family member, a… [more]

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