LGH Consulting, Inc. began in May, 1977. Today the firm has offices in Anaheim and as well as … Read More
Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other … Read More
If your business is depreciating over a 30-year period the entire cost of constructing the building that houses your operation, you should consider a cost segregation study. It might allow you to accelerate depreciation deductions on … Read More
Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. If you’re lucky enough to win, be aware that tax … Read More
For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has mired a variety of companies in diminished revenue and serious staffing shortages. In response, the Small Business … Read More
Given the escalating cost of health care, there may be a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet … Read More
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles classified as passenger autos (which include … Read More
The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week, here are three tax breaks to consider. 1. Claim bonus depreciation or a Section 179 deduction for … Read More
Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July 2020. The median home price was … Read More
Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection Program has been helpful to many companies, though fraught with administrative … Read More
As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your … 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
