Bob Langworthy

This month marks the ten year anniversary of the start of my accounting practice. A lot has happened over the course of that decade. Here are a few lessons:

“I think we’ll just have a market analysis done.” That’s what the CPA said to me and my client as we discussed the value of a commercial building that my…

If you haven’t read the first three installments about Captain Herman, you will find Part 1 here, Part 2 here, and Part 3 here. Excellence. As a business grows and…

If you haven’t read the first two installments about Captain Herman, you will find Part 1 here and Part 2 here. They are the backstory for the following lessons: Seek out…

As a “numbers guy” my mind was reeling with all of the opportunity that Captain Herman was tapping in to. 

Our family recently returned from a much needed respite in the Cayman Islands. It was there that I met a most interesting entrepreneur. 

A client texted me last week to ask if business meals are still deductible. It’s a good question given all of the confusion around last December’s tax reform. 

A client emailed a question that you may also have: Bob— Good morning.   Have you heard or do you know anything about a 2019 tax law change that makes alimony NOT…

Bob, I heard that the tax law passed in December of 2017 eliminated the ACA penalty for not having health insurance. Does this mean I don’t have to pay a penalty on my 2017…

One of the first emails to hit my inbox in 2018 is from someone looking to start a new business. Below is my correspondence and general advice to this new entrepreneur. Happy New…

“Bob, I’m selling my condo and should pocket $20k after paying off the mortgage. How much tax will I owe on the $20k? Just to provide specifics, I bought the condo at…

Bitcoin, Ethereum, Litecoin…and the list goes on. Cryptocurrencies were once only known to those making a living online, but have grown in popularity and usage in recent…

“Joshua fell and hurt is arm.” Those are the words I heard letting me know that my evening plans were about to change. As we sped to the hospital to meet up with our…

Last month I had the opportunity to be the keynote speaker at a wedding industry event. In telling my story, I highlighted three components of growth that benefitted me. Here is…

This week a client asked a great question about investing and taxes. Here is her email: “Hi Bob, I was wondering if you could help me out with a question. My company has…

A new client asked a good question this week: can I write off the interest and excise tax on my camper? In her situation, the answer is "Yes!" Here's a thumbnail sketch of her…

My younger daughter is a ballerina. If you are picturing a small girl wearing pink with her hair in a bun, you’re only half way there.  Add to that picture 10 banged up…

This year the IRS has shifted the filing due dates of several returns. If you are a business owner, take note of the new dates below.

My oldest daughter has competed in several sports over the years: gymnastics, diving and cross country. This past year, however, has seen her take up the unusual sport of pole…

My younger son is a swimmer at the local YMCA. To say it didn’t come naturally to him would be an understatement. Let’s just say that whining, crying and bribery were…

A recent email from a client asked this question. Here it is: “Hi Bob - Because of our financial struggles, we believe that we will finally be qualified for some…

My son is a wrestler. Not the John Cena type of wrestler, the Jordan Burroughs type. He’s a high school wrestler. I’ve learned more about business and entrepreneurship…

As 2016 winds down, there are a few things that taxpayers can do to reduce their tax liability for the year and none of them are related to the election or the President-elect!

I received an email today with a common question about shareholder distributions.

If you have a student in college, you are familiar with the Free Application for Federal Student Aid or FAFSA. And you know the drill...

Our new office is located at 18 Middle Street in Brunswick, around the corner from our old office. 

When I started my own tax and consulting practice I set out to network with the local business community so that I could grow my business. Not being a natural networker, I had to…