At L&B, our roots go deep in community engagement. Since our founding, we’ve had a strong tradition of giving back. Our charitable matching program matches up to $25,000 a year in contributions to local organizations. Our employees serve on nonprofit… Read More
Wellness @ L&B: How we provide mental health support during Mental Health Awareness Month & beyond May is Mental Health Awareness Month. In honor of what has long been a stigmatized issue, we want to share a little about how… Read More
How can L&B do what is right by our employees, our clients, and our society? This is the question we asked ourselves as we embarked on our strategic initiative on diversity, equity, inclusion and belonging in January of 2022. Like… Read More
We are writing to update you on the California Passthrough Entity Tax election, commonly referred to as the “AB 150” election. This is an update to our July 23rd eblast. Background Federal tax reform in 2017 established a limit, or “SALT cap,”… Read More
The House Ways and Means Committee has introduced the tax proposal connected to the budget reconciliation bill, the Build Back Better Act. While we are still digging through the almost 900 pages of legislation, here are some highlights of what is… Read More
By Neil McCarthy, CPA – Tax Manager at Lindsay & Brownell Background on the SALT Workaround Federal tax reform in 2017 established a limit, or “SALT cap,” on the amount of state and local taxes that could be deducted by… Read More
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act authorized $349 billion in forgivable federal loans (“PPP loans”) to small employers to provide incentive to keep employees with an additional $310 billion of funding on April… Read More
As 2020 comes to a close, it is important to consider estate and gift tax planning strategies and to closely review your estate plan. The article outlines the tax changes from 2020 to 2021 and discusses income tax and estate… Read More
In this article, we will provide an overview of the annual minimum distribution requirements and the new excise tax on investment income for private foundations. Prior to 2019, private foundations had to pay an excise tax of 1 or 2… Read More
For small and midsize businesses struggling because of the coronavirus, the Paycheck Protection Program (PPP), included as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provided much-needed funding to cover necessary expenses. One of the chief benefits… Read More
4225 Executive Square, Suite 1150
La Jolla, CA 92037
Phone: (858) 558-9200
Fax: (858) 558-8225