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LB Carlson has a dedicated team of seasoned professionals that can help you innovate and grow your organization. We can sit beside you as a consultant in board meetings and help with important daily decisions. Your organization can benefit from our expertise in the Health and Human Services industry and being with a firm that understands your accounting and tax needs.

Industry-Specific Services

  • Accounting Outsourcing: We can assist with preparing monthly reconciliations and financial statements, enhancing your internal controls, or step in as a contract controller/CFO.
  • Accounting Software: We have extensive knowledge with QuickBooks, Peachtree, and other accounting software.
  • Payroll Processing: Our payroll professionals can handle all of your organization’s payroll matters including preparing your federal and state quarterly payroll tax returns.
  • Attest Services: Our highly skilled and experienced professionals provide audit, review and compilation services. Providing financial statements in a timely and accurate manner is our commitment.
  • Tax Services: Our professionals have intensive experience preparing tax returns and handling all levels on tax related issues that your organization may encounter.
  • Consulting: Here at LB Carlson, we can help you start your organization or help you design and implement a succession plan. We can assist you with benchmarking, compensation planning, and litigation support. We can be there for every step.

Related Posts

CARES Act: Understanding the Paycheck Protection Provision (SBA 7a Loan) Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 provides $349 billion in funding for the Small Business Administration (SBA) in an effort to provide assistance and relief to America’s small businesses struggling under the weight of COVID-19. The Act included a paycheck protection provision for small businesses by providing additional funding to the SBA for specific areas of need and expanding the SBA’s 7(a) loan program.

Tips and Considerations for Small Businesses Applying for an SBA Disaster Loan

Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA). President Trump has called for an additional $50 billion in funding to the SBA’s lending program from Congress. While the $50 billion is not yet approved, the SBA can issue an Economic Injury Disaster Loan declaration, thanks to the Coronavirus Preparedness and Response Supplemental Appropriations Act.

Knowing what to expect before starting the loan process will help prevent unnecessary errors and rework. Completing the application process quickly and accurately will be key as there will be high demand and processing times will likely increase. We’ve put together the following summary of what business owners can expect when applying for an SBA loan.  

What You Need to Know About the Paid Sick and Family Leave Tax Credits

The Families First Coronavirus Response Act (FFCRA) signed on March 18, 2020, made unprecedented expansions to paid sick and family (childcare) leave provisions in light of the challenges for the American workforce due to COVID-19. The expansions to paid sick and family leave cover employers with up to 500 employees, and tax credits are available for up to 100% of qualifying wages paid. Eligible employers are granted a grace period by the DOL to come into compliance with the Act as long as employers act reasonably and in good faith during the grace period.

Financial Relief for Families Tax Credit – What to Expect with Your Check

The distribution of economic impact payments is expected to begin in the next three weeks and be available throughout the rest of 2020. With so much news circulating, it can be difficult to keep tabs on the latest updates. We also recognize it can be challenging to separate the legitimate updates from speculation. Below we have put together a summary of what we know so far about the economic impact payments.

CARES Act Overview: The Impact on Taxpayers and Businesses

The President signed the latest COVID-19 relief bill on March 27: The Coronavirus Aid, Relief, and Economic Security (CARES) Act. The bill brings with it several elements of relief for businesses, employees and families, in an effort to maintain livelihoods throughout the crisis and after. The expected cost of the bill is nearly $2 trillion and includes nearly $500 billion for in economic distress relief for businesses, states and municipalities.