Congress finally took action in late December and passed a tax extender bill formally known as theProtecting Americans from Tax Hikes Act of 2015 (PATH), which was then signed into law. Retroactive to January 1, 2015, many tax provisions were made permanent while others were extended through 2016 or 2019. Let’s take a look at some of the tax provisions most likely to affect taxpayers when filing their 2015 tax returns. Read more
Welcome, 2016! As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2016 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead. Read more
California is no longer sending out paper postcards to remind CA entities to file their annual or biennial Statement of Information forms and pay the $25 fee. Failure to file and pay timely results in a penalty of $250. All Corporations set up with the CA Secretary of State must file a Statement of Information every year. All LLCs set up must file every other year. Your due date is based on the month that the entity was set up with the State.
If you’d like LMGW to perform this service for you and track it going forward, let us know! We prepare and file these statements for many of our clients. Don’t let it fall through the cracks. Call us today.
On December 18th, the Senate passed the PATH Act and made it official law. Many popular tax breaks were set to expire on 12/31/2014 unless extended. Most of them are now extended and some have been extended permanently. What does this mean for you? And should you do anything before 12/31/15 to take advantage of these new current extender laws? Read more
This year, in the holiday spirit, LMGW will be making charitable donations in lieu of mailing holiday cards. We allow our employees to choose the charitable organizations to make a donation to. LMGW then matches the employee’s donation, up to $50 per person, to each charity. Below are the charities our employees chose:
If you are not familiar with any of the organizations listed feel free to ask us about them. Several members of the LMGW team are personally involved with the charities and would be happy to tell you about them!