LGH Consulting, Inc. began in May, 1977. Today the firm has offices in Anaheim and as well as … Read More
When a couple is going through a divorce, taxes are probably not foremost in their minds. But without proper planning and advice, some people find divorce to be an even more taxing experience. Several tax concerns need to be addressed to … Read More
If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without knowing it.One way … Read More
If your small business is planning for payroll next year, be aware that the “Social Security wage base” is increasing.The Social Security Administration recently announced that the maximum earnings subject to Social Security tax will … Read More
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? If the ventures are passive activities, the passive activity loss rules prevent you from deducting expenses that are … Read More
October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to the COVID-19 pandemic.) If you’re finally done filing last year’s … Read More
IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well. In the fiscal year … Read More
Whether it’s a smartphone, tablet, or laptop, mobile devices have become the constant companions of today’s employees. And this relationship has only been further cemented by the COVID-19 pandemic, which has thousands working from home … Read More
Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business, or for sale or lease to others? Then you should be aware of the complex rules that apply to determine the tax … Read More
In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the number of business expenses incurred for travel away from home on or after October 1, 2020. Employers using these rates to set per diem … Read More
The business use of websites is widespread. But surprisingly, the IRS hasn’t yet issued formal guidance on when Internet website costs can be deducted.Fortunately, established rules that generally apply to the deductibility of … Read More
Welcome to LGH Consulting, Inc.
Thank you for visiting our website. Here at LGH Consulting, Inc. we are available to step in and assist you and your company in any stage of your financial process. We can perform bookkeeping tasks for you to generate monthly or periodic financial statements.
We believe that the management of your business or your home is team effort. We appreciate the opportunity to work with you to develop the best plan, to monitor it and to help modify as needed - the inevitable taxes should be the least legal taxes. No one has an obligation to pay more than the minimum tax and all legal avoidance measures should be used.
Minimum taxes flow from tax planning and use of financial and accounting methods that result in the best returned income position. It is often too late to benefit from avoidable taxes at the tax reporting due date.
Taxes paid do nothing for you. Taxes avoided improve your financial position. Tax planning and reporting is an area of concentration for use because of the benefits to our clients. This applies to individuals, corporations, partnerships or estates. Non-residents and aliens have special laws that affect them. We understand those laws.
Whether you participate in tax planning or wait until the last minutes, we will obtain the best result available when we prepare your taxes. We can only begin to tell you about our company and the services we can provide.
Contact us to discuss your needs. Regardless of whether your needs are in an area of high specialization or you have more general types of problems, service to you and the protection of your financial position is our major concern.
OUR MISSION
SERVICES
We provide a wide range of services to individuals and businesses in a variety of industries. We … Read More
RESOURCES
Here are some tax-related guides you might find useful:Tax Guide for Vehicle Expenses Tax … Read More
