I was at lunch last week with an automotive banker and we were discussing various issues relating to the automotive industry and within dealerships. When the issue regarding Prepaids came up, the banker said, “We Read more…
In my previous article, “The Top 5 Reasons to Move Your Books to the Cloud”, I discussed how anytime, anywhere cloud access is the future of small business accounting systems. One of the reasons cloud Read more…
Employees are generally required to substantiate their business expenses for travel, entertainment, business gifts, and the use of listed property (including cars) by adequate records as to amount, time, place, and business purpose. In the Read more…
When it comes to whether or not to spend money regarding Information Technology (IT) and the department, the question has been asked many times, and the answer is always the same; YES! IT security could Read more…
Every action will have a reaction. Have you reviewed your pay plans lately to ensure you are getting the most out of your employees? Pay plans should be designed to maximize the goals and plans of Read more…
Everybody knows that you should do tax planning, but there are additional steps to take now that will improve your future tax situation. Click HERE to learn more. LSL StaffWe are always engaged in ongoing Read more…
Now that the most contentious and colorful election of our lifetime is over, taxpayers would like to know what is in store for them under the new Trump administration. Click HERE to read more. LSL Read more…
In the good ol’ days, determining if a business had income tax responsibilities out-of-state was as simple as asking if the business had a location in another state. But now states are becoming more aggressive in Read more…
Over the years we have told our automotive team to remember that “Cash is King;” especially when performing work relating to the review of internal controls or the review of the operations of a dealership’s Read more…
Since your 401(k) audit is over, it is now time to forget about your plan and start thinking about everything else. That is until next year’s 401(k) audit, right? Far too often we see this Read more…