L&H Insights

Saving Tax on Restricted Stock Awards

Posted by L&H CPAs on Jun 18, 2018 6:37:12 PM

Today many employees receive stock-based compensation from their employer as part of their compensation and benefits package. The tax consequences of such compensation can be complex — subject to ordinary-income, capital gains, employment and other taxes. But if you receive restricted stock awards, you might have a tax-saving opportunity in the form of the Section 83(b) election.

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Tags: Executives

7 Last-Minute Tax-Saving Tips

Posted by L&H CPAs on Dec 25, 2017 7:51:09 AM

The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax liability — you just must act by December 31:

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Tags: Business Owners & Entrepreneurs, Taxes, Executives

This Year’s Company Holiday Party Is Probably Tax Deductible, but Next Year’s May Not Be

Posted by L&H CPAs on Dec 23, 2017 1:26:39 PM

Many businesses are hosting holiday parties for employees this time of year. It’s a great way to reward your staff for their hard work and have a little fun. And you can probably deduct 100% of your 2017 party’s cost as a meal and entertainment (M&E) expense. Next year may be a different story.

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Tags: Business Owners & Entrepreneurs, Executives

Even If Your Income Is High, Your Family May Be Able to Benefit from the 0% Long-Term Capital Gains Rate

Posted by L&H CPAs on Dec 11, 2017 7:27:53 PM

We’re entering the giving season, and if making financial gifts to your loved ones is part of your plans — or if you’d simply like to reduce your capital gains tax — consider giving appreciated stock instead of cash this year. Doing so might allow you to eliminate all federal tax liability on the appreciation, or at least significantly reduce it.

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Tags: Executives

Tax Reform and Estate Planning: What’s on the Table

Posted by L&H CPAs on Dec 6, 2017 6:13:35 AM

 

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Tags: Business Owners & Entrepreneurs, Estate Planning, Executives

Getting Around the $25 Deduction Limit for Business Gifts

Posted by L&H CPAs on Dec 4, 2017 12:17:52 PM

 

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Tags: Business Owners & Entrepreneurs, Executives

2 ACA Taxes That May Apply to Your Exec Comp

Posted by L&H CPAs on Nov 3, 2017 3:51:18 PM

If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more complicated than for salaries, bonuses and traditional employee benefits.

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Tags: Executives

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