Promotion Announcement – Lucy Brenner, CPA

June 3, 2020

It is with great pleasure that we are announcing the promotion of Lucy Brenner, CPA as the new Director of Private Client Services. Lucy joined The Lanning Group in December 2017 and has worked as a Tax Manager until her promotion on June 1, 2020. She has an interest in specialized tax services such as multi-state, foreign,

Check out this article from Fortune regarding the PPP loan

May 29, 2020

House passes bill to extend 8-week period to spend PPP loans and alter the 75% rule Small businesses may soon find more flexibility in the Paycheck Protection Program (PPP) as a bill passed the House on Thursday that would extend the time in which businesses need to spend funds and alter the rule that they

COVID-19

May 4, 2020

Income Tax Payments: The following Federal and SC payments are due on July 15th: Amounts due with your 2019 return2020 Q1 Estimated Payments2020 Q2 Estimated Payments IRS Topics - Click to read more Deferral of employment tax deposits and payments through December 31, 2020 Get My Payment tool - Click to check the status of

Sitting on Appreciated Stock?

December 6, 2019

A lot of you may hold stock that has appreciated significantly, and you may be concerned about the tax hit you will face if you sold that stock. There are other options to selling which may provide a tax benefit for you and prevent or defer the recognition of capital gains. 1. Donate the stock

Hold yourself accountable using Accountable Plans

December 5, 2019

Many of you may have S corporations that are operated from your home. With tax reform, employee business expenses have been eliminated from itemized deductions, so your expenses have not been utilized. While home offices in S Corps are tricky, there is a way to have the business pay and deduct home office expenses via