LGH Consulting, Inc. began in May, 1977. Today the firm has offices in Anaheim and as well as … Read More
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a lower deduction for … Read More
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, … Read More
As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of … Read More
If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the "wash sale" rule works Under this rule, if you sell stock or securities … Read More
IRS Tax Tip 2019-138, October 3, 2019 Taxpayers with dependents may qualify to claim a few different tax credits. One of these is the child tax credit. The child tax credit benefits people whose dependent meets a series of tests. If the … Read More
If you’re lucky enough to be winning at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at gambling Whether you win at the casino, a bingo hall, or … Read More
If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth.Because donations … Read More
During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may … Read More
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value of a credit Day camp is a … Read More
Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible casualty loss victims could claim a deduction on their tax returns. But there are new … 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.
We provide a wide range of services to individuals and businesses in a variety of industries. We … Read More
Here are some tax-related guides you might find useful:Tax Guide for Vehicle Expenses Tax … Read More
California’s Professional Tax & Accounting Firm
Local: (714) 808-9170 | Toll Free: 800-262-2721