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
Federal Tax Filing Season Has Started
The IRS announced that the starting date for when it would accept and process 2021 tax-year returns was Monday, January 24, 2022. Tips for making filing easier To speed refunds and help with tax filing, the IRS suggests the following: Make sure you have received Form...
Income Tax Tips: Business Insurance
Insurance serves many purposes for a business. You'll need insurance to protect your business from property damage, personal injury suits, and other forms of financial loss. In addition, you may want to provide your employees with certain types of insurance (e.g.,...
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...
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...
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....
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...
December BizWorks Presentation, Featuring Jay Lesemann
The American Dream: STEP 4
The END Updated February 2024 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: THE...
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...
SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
As we did back in late March and early April of this year when government assistance became available to businesses in the US that were suffering due to the COVID-19 virus, we wanted to make you aware of some new developments as it relates to PPP loan forgiveness. ...
