LWH CPAs

05/04/2026

TURN A REAL ESTATE SALE INTO A TAX-SMART STRATEGY

May Newsletter part 1 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

04/27/2026

ARE COLLEGE SCHOLARSHIPS REALLY TAX-FREE?

April Newsletter part 5 of 5
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

04/20/2026

COMMON GROWTH MISTAKES SMALL BUSINESSES MAKE

April Newsletter part 4 of 5
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

04/13/2026

THE IRS CRITERIA FOR DISTINGUISHING HOBBIES FROM BUSINESSES

April Newsletter part 3 of 5
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

urning a favorite pastime into income can be rewarding, but it raises an important tax question: Is the activity a hobby or a business? The answer matters because different tax rules apply to each.

04/06/2026

WHAT TO KNOW IF YOU RECEIVE AN IRS NOTICE

April Newsletter part 2 of 5
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

otices from the IRS are more common than you may realize. Each year, the IRS mails millions of letters to clarify information, confirm changes or request additional documentation. Receiving a notice may seem intimidating, but most notices can be addressed quickly with the right information and guida...

04/02/2026

TAX CALENDAR

April Newsletter part 1 of 5
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

April 30 – Employers must file Form 941 for the first quarter (May 11 if all taxes are deposited in full and on time). Also, employers must deposit FUTA taxes owed through March if the liability is more than $500.

03/30/2026

EMPLOYEE ENGAGEMENT MAY BE WEAKER THAN IT APPEARS

March Newsletter part 4 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

any organizations assume their employees are engaged. Even when workplace morale seems high, recent research shows that engagement remains a challenge that requires active management.

03/23/2026

IRS EXPANDS DIGITAL ASSET REPORTING WITH NEW FORM 1099-DA

March Newsletter part 3 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

f you buy, sell or trade digital assets, such as cryptocurrency or certain nonfungible tokens (NFTs), new reporting requirements will likely affect how your transactions are reported to and reviewed by the IRS. While these rules don't change how digital assets are taxed, they significantly impact in...

03/16/2026

BUSINESSES REGAIN IMMEDIATE DEDUCTION FOR R & E EXPENSES

March Newsletter part 2 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

f your business conducts research or product development, a significant tax law change could unlock meaningful tax savings. The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, reinstated the ability to immediately deduct domestic research and experimental (R&E) expenses.

03/09/2026

WHAT'S NEW FOR RETIREMENT CATCH-UP CONTRIBUTIONS IN 2026

March Newsletter part 1 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

eginning in 2026, a significant change to retirement plan catch-up contributions takes effect. Part of the 2022 Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act, the change affects higher-income taxpayers age 50 and older who contribute to certain types of employer-sponsored re...

02/23/2026

TAKING CONTROL WITH SELF-DIRECTED IRAS

February Newsletter part 4 of 4
Welcome to this month's edition of the Tax and Business Alert. Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs. Please contact us if you have questions about any of the issues discussed.

ou have until April 15, 2026, the tax filing deadline, to make 2025 contributions to an IRA. If you're seeking more than the traditional mix of stocks, bonds and mutual funds, a self-directed IRA offers greater autonomy and diversification. But it also introduces added complexity.