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.

We encourage you to enroll in our newsletter, and we will notify you via email each time we make a significant change to this area. Your information will be kept private and used only to provide information regarding your financial success.

Latest Articles and News from Lesemann CPA

4 Ways We Helped Clients Save Money on Their 2020 Taxes

4 Ways We Helped Clients Save Money on Their 2020 Taxes

Psst. These have worked with other Clients -- they could work for you, too. Now that 2020 taxes are filed (unless you have an extension), it's time to think about legal ways to minimize your tax burden for 2021. A strategic plan NOW saves you money LATER. And while...

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Phase 4 COVID-19 Relief Bill (Tentative)

Phase 4 COVID-19 Relief Bill (Tentative)

Please note that as of the date and time of this article, the Consolidated Appropriations Act, 2021 has yet to be signed by President Trump.  Until then, the content shown below is unofficial and is not considered law.  Once finalized, we will provide summarized...

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Hiring Your First Employee

Hiring Your First Employee

As a small business owner, you handle all business matters--from producing and marketing your goods or services to fixing paper jams in the copier and yes, even performing janitorial duties with toilets!!. Your business has grown and now you're stretched too thin....

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Tax Planning for the Self-Employed

Tax Planning for the Self-Employed

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your CPA firm. If you're self-employed, you'll need to pay your own FICA & Medicare taxes and take charge of your own retirement...

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The American Dream:  STEP 4

The American Dream: STEP 4

The END Over the past year, we have written about what it takes to own your own business.  We reviewed what it takes to go from an idea for a business to formalizing and legalizing your business to the administration of your business.  There is only one part left: ...

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IRS Rules Expenses Paid by PPP Loan Are Not Deductible

IRS Rules Expenses Paid by PPP Loan Are Not Deductible

On October 9, 2020, we sent out an e-Blast: SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less. In addition to this, we have been discussing with many clients that the message coming out of Washington DC was that expenses paid with PPP...

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NC Extra Credit Grant Program for 2019 Taxes

NC Extra Credit Grant Program for 2019 Taxes

On September 4th, Governor Roy Cooper signed into law the Coronavirus Relief Act 3.0, which was passed by the North Carolina General Assembly. The law includes the Extra Credit Grant program to be administered by the North Carolina Department of Revenue (NCDOR)....

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FAFSA for 2021-2022 Academic Year Opens on October 1st

FAFSA for 2021-2022 Academic Year Opens on October 1st

The FAFSA (Free Application for Federal Student Aid) for the 2021-2022 year opens on October 1, 2020. The FAFSA is a prerequisite for federal student loans, grants, and work-study. In addition, colleges typically require the FAFSA before distributing their own...

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