ly tax

  Running a business in today’s competitive environment requires more than just hard work and determination; it requires expert financial guidance and strategic planning. That’s where Best CFO & Business Advisory Services come in, offering business owners the tools, insights, and expertise needed to achieve sustainable growth. One leading name in this field is L&Y Tax Advisor, known for delivering tailored solutions that empower businesses to make smarter financial decisions. Why Choose CFO & Business Advisory Services? Having access to professional CFO and advisory services can transform the way your business operates. Instead of struggling with complex financial decisions, you get expert guidance every step of the way. These services are not only for large corporations but also for small and medium-sized businesses aiming to scale effectively. Key Benefits of Best CFO & Business Advisory Services: Strategic Financial Planning: Ensures your business is on the rig...

If you’ve recently received your property tax bill and feel the assessment is higher than it should be, you are not alone. Many homeowners choose to challenge their property valuation through a property tax appeal. A property tax appeal letter sample can serve as a great starting point to ensure your case is presented clearly and professionally. At L&Y Tax Advisor, we guide property owners through this process to help reduce unfair tax burdens. Why File a Property Tax Appeal? Filing an appeal can help you: Lower your annual property tax payment. Correct any errors in your property assessment. Ensure fair treatment compared to similar properties in your neighborhood. Key Elements of a Property Tax Appeal Letter When drafting your appeal, your letter should include: Introduction:   Clearly state your request for a review. Property Information: Include address, parcel number, and assessed value. Evidence: Comparable property sales, appraisal reports, or documentation showing er...

Investors often look for tax-efficient ways to grow their wealth, and dividends play a key role in this strategy. However, not all dividends are taxed the same way. The qualified dividend tax rate is particularly beneficial for investors, offering lower tax rates compared to ordinary income. At L&Y Tax Advisor, we help clients understand how these rates work and how to maximize after-tax returns. What is a Qualified Dividend? A qualified dividend is a dividend paid by U.S. corporations or qualified foreign corporations that meet certain requirements set by the IRS. Unlike ordinary dividends, qualified dividends are taxed at the same rates as long term capital gains. Current Qualified Dividend Tax Rate The qualified dividend tax rate depends on your taxable income and filing status: 0% rate: Applies if your income falls within the lowest tax brackets. 15% rate: The most common rate for middle-income investors. 20% rate: Applies to higher-income earners in the top tax bracket. Th...

Running a small business comes with many challenges, and one of the most important aspects is managing your finances effectively. Whether it’s bookkeeping, tax filing, or financial planning, partnering with a reliable Small Business Accounting firm in The Woodlands can make all the difference. That’s where L&Y Tax Advisor comes in your trusted partner in ensuring financial stability and long term growth. Why Small Businesses Need Professional Accounting Many business owners try to handle finances on their own, but professional guidance can save time, money, and stress. A qualified accounting firm helps with: Accurate bookkeeping to keep track of income and expenses. Tax preparation and planning to reduce liabilities. Payroll management to ensure employees are paid correctly and on time. Financial analysis for smarter decision-making. Benefits of Working with L&Y Tax Advisor Choosing the right partner matters. Here’s why small businesses in The Woodlands trust L&Y Tax A...

  When businesses expand internationally, one common question arises: What is a VAT Number in the US ? Unlike many countries that use a Value Added Tax (VAT) system, the United States does not follow VAT regulations. Instead, the US relies on a sales tax system, which operates differently. However, for businesses dealing globally, it’s important to understand how VAT numbers work in other regions and how the US system compares. Understanding VAT Numbers A VAT number is a unique identifier given to businesses registered for Value Added Tax in countries that apply VAT. It is required for: Cross-border trade within VAT-based countries Filing VAT returns and compliance Issuing invoices to customers in Europe, Canada, or other VAT regions Does the US Have VAT Numbers? In the United States, the direct answer to What is a VAT Number in the US? is that there is no such number. Instead, businesses may be required to have: Employer Identification Number (EIN): For tax purposes with the IRS...