News & Information Relevant to Your Financial Success
Contained on this page of our website, you will find news briefs relevant to the financial industry. This area is updated frequently, as we continue to provide our clients and visitors the most current information available.
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Latest Articles and News from Lesemann CPA
Guiding a business through an economic downturn
By Jay Lesemann, CPA As of April 25, 2023, the National Bureau of Economic Research continues to stand behind its claim that the United States is NOT in a recession,* even if signs are pointing the other way. For example, the GDP growth rate in the fourth quarter of...
Thinking about Offering Health Insurance to Employees?
Are you considering offering health insurance to employees? Here's what you need to know. If you want to attract top talent and keep them, you may want to consider offering health insurance. In North Carolina, if you have fewer than 50 full-time employees, offering...
Is your Business Susceptible to Employee Theft?
Learn what to look for to protect your business Employee theft rarely looks like the photo above. Instead, it's usually a pattern of stealing that quickly adds up! Many businesses do not have the checks and balances that an expert CPA would put in place to ensure...
The Business Plan
What is a business plan? Essentially, a business plan is the management and financial blueprint of your company. It is meant to serve as both your business guide and as a tool to help you attract investors. The plan should be comprehensive yet concise. It should...
Income Tax Planning and 529 Plans
The income tax benefits offered by 529 plans make these plans attractive to parents (and others) who are saving for college or K-12 tuition. Qualified withdrawals from a 529 plan are tax free at the federal level, and some states also offer tax breaks to their...
A Business Plan Can Be Your Guide to Growth
Whether you're a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan. Why? A well-thought-out and well-written business plan captures your...
Tax Planning for Income
You don't want to pay more in federal income tax than you have to. With that in mind, here are five things to consider when it comes to keeping more of your income. 1. Postpone your income to minimize your current income tax liability By deferring (postponing) income...
Inflation Reduction Act: What You Should Know
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS. Some...
Key Employee Life and Disability Insurance
You've got a great group working for you now, and business is good. You know that much of that success is due to one or two key people with both skills and personalities that are hard to match. Suppose they were injured and out of work for a while, or suppose they...
Gift and Estate Taxes
If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property you own when you die (i.e., your estate) may also be subject to federal gift and estate tax and some...
