Category Archives: News

Common Single Audit Findings

Now in its third year of implementation, most organizations should be at least familiar with...

5 Things to Consider for Your Debt Policies

Many local governments issue municipal debt to provide funding for various types of projects. It is something we...

Airbnb Subject to Self-Employment Tax

Renting out empty rooms or your entire home on Airbnb can seem like an easy...

California Supreme Court of Los Angeles Redefines Independent Contractor Status

On April 30th 2018, the California Supreme Court formally issued their opinion of the highly...

Uniform Guidance: Did You Update Your Purchasing Policy?

Are you on track to adopt required updates to your procurement policies for federal grants...

California State Association of County Auditors (CalSACA) Accounting and Reporting Manager’s 2019 Spring Conference, hosted by Sutter County – March 8, 2018

Location: Governor’s Inn, Sacramento Speakers: Debbie Harper, CPA and Brandon Young, CPA Topic: GASB 87...

Timely Remittance of 401(k) Contributions – What Every Employer Should Know!

Late employee 401(k) contribution remittances to a retirement plan can pose a major problem to...

New Form 5472 Filing Requirements: Reporting obligations of foreign-owned U.S. disregarded entities

Effective December 13, 2016, the United States Treasury issued the final regulations that treat a...

Bank Feeds Help Automate Accounting Processes

One of the biggest benefits of moving your books to the cloud is the ability...

Tax Cuts and Jobs Act Update: Individuals

On December 22, 2017, the Tax Cuts and Jobs Act Update (P.L. 115-97) was signed...

Tax Cuts and Jobs Act Update: Businesses

On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law....

How to Avoid the Pitfalls of the Self-Rental Rules

Self-Rental Rule Many business owners that own operating businesses also own the office building or...

I Didn’t Know That was in My Prepaid Account!

Prepaids I was at lunch last week with an automotive banker and we were discussing...

Are You a Baby Boomer?

Are you a baby boomer? Well, if you were born in the years soon after...

Tax Reform and How It May Affect You

Tax Reform is upon us and we at LSL are here to help. Classic tax...