Author Archives: Chad Lahrmer CPA

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Credit Reports: What You Should Know

credit reportCreditors keep their evaluation standards secret, making it difficult to know just how to improve your credit rating. Nonetheless, it is still important to understand the factors that determine creditworthiness. Periodically reviewing your credit report can also help you protect your credit rating from fraud–and you from identity theft. Continue reading

SMALL BUSINESS: DEDUCTIONS FOR CHARITABLE GIVING

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Tax breaks for charitable giving aren’t limited to individuals, your small business can benefit as well. If you own a small to medium-size business and are committed to giving back to the community through charitable giving, here’s what you should know. Continue reading

WORKING REMOTELY COULD AFFECT YOUR TAXES

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While some workers have returned to their offices, many have not. If you’re working remotely from a location in a different state (or country) from your office, you may be wondering if you will have to pay income tax in both jurisdictions. Continue reading

INVESTING IN OPPORTUNITY ZONES: THE FACTS

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The Tax Cuts and Jobs Act included numerous changes for businesses and individuals. One of these was the creation of the Opportunity Zones tax incentive, the purpose of which is to spur economic development and job creation in distressed communities by providing tax benefits to investors. Continue reading