LBC had the privilege of giving back to the community by hosting an intern from Upper Dublin High School for three weeks. Jen Parsons, UD Class of 2022, joined the staff for three weeks. During this time, she obtained hands-on experience with accounts payable, payroll, bank reconciliations, and monthly billing through multiple accounting programs. She …
Author Archives: Phyllis Ludwig
LBC Turns 20!
March 1, 2022 marked the twentieth anniversary of the founding of Ludwig Business Consultants by president Phyllis Ludwig, and the firm celebrated with a wonderful gala on March 8. In Phyllis’ own words: “Ludwig Business Consultants was founded on March 1, 2002. It was my 40th birthday. I started the business for a few reasons. …
Phyllis Ludwig Featured at Catholic University’s Women’s Leadership Panel
In honor of Women’s History Month, the Catholic University of America is hosting a women’s leadership panel featuring four of their distinguished alumnae, and our president Phyllis Ludwig is honored to be among to speakers. Alongside Jenn Bell-Ellwanger (President and CEO of Data Quality Campaign), Carolyn Rickard-Brideau (CEO of Little Diversified Architectural Consulting), and Dr. …
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LBC Proud To Still Be WBENC Certified
LBC is proud to announce that we are certified as a Women’s Business Enterprise for the eighth year in a row. This certification assures our clientele that our business is women-owned, women-operated, and women-controlled. Our focus, as always, remains on striving for excellence and striving to inspire others to pursue their dreams and surpass their …
IRS Announces New Mileage Reimbursement Rates for 2022
Finally… we’re getting a (small) break from the IRS! The IRS released its mileage reimbursement rates for 2022 on December 17, and we are seeing some benefits for business, individuals, and other organizations. Effective January 1, 2022, the following rates will apply: 58.5 cents per mile driven for business use (an increase of 2.5 cents …
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Office Holiday Party Talks Work
The LBC Team had a wonderful time at The Village Teahouse in West Point, PA (www.thevillageteahouse.com) on the morning of December 17, 2021, for their office holiday party. As often happens when you get a group of accountants together, conversation quickly turned to work. We are all excited about the new clients we’re bringing on …
Changes to the Employee Retention Tax Credit
The Employee Retention Tax Credit (ERTC) was extended through December 31, 2021, with the passage of the American Rescue Plan in March; given the wind of Congress’ discussions, it seems unlikely that it will be extended further. However, employers can still take advantage of the ERTC, though they will want to act quickly. If you …
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“Staff Meeting” in NYC Inspires LBC Team
On Friday, November 12, the Ludwig team was scheduled for an off-site staff meeting at a local restaurant. Little did they know, the president Phyllis Ludwig secretly arranged to have them picked up in a stretch limo and whisked off to New York City for a day that included visiting the Empire State Building, seeing …
Phyllis Ludwig Accepted for WBENC WeTHRIVE Program
We are excited to announce that our President and Founder, Phyllis Ludwig, has been accepted to the Summer 2021 cohort of the WBENC WeTHRIVE program. This executive program covers all areas of business and leadership and is designed to support high-growth companies, especially during these times of uncertainty. The knowledge gained through participation in this program …
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Advance Child Tax Payments in 2021
Advance Child Tax Credit payments are early payments from the IRS of 50 percent of the estimated amount of the Child Tax Credit that you may properly claim on your 2021 tax return during the 2022 tax filing season. Note that these are ADVANCES and will have a direct impact on your 2021 tax return. If the IRS …