Post image for 904 Magazine names LBA as an honoree for “Companies with Heart”

904 Magazine names LBA as an honoree for “Companies with Heart”

by Jamie Thomas on February 2, 2012

LBA Certified Public Accountants is an honoree for 904 Magazine’s Companies with Heart 2012, an inaugural salute to Northeast Florida businesses with exceptional community spirit.

The enthusiastic involvement of LBA Steps Up! throughout the year, with volunteers supporting different events and charities, has been noticed by the Jacksonville community. Pick up the February issue of 904 to see the honorees for Companies with Heart 2012.

“In order for the community to thrive, LBA takes responsibility to support the health and vibrancy of that community. The community as a whole benefits when employees connect and support each other.”

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Arnold September 20, 2015 at 5:40 am

What kind of savings aconuct?If this is a regular aconuct at the bank, you pay tax on the interest income each year but nothing when you take the money out.If it’s a brokerage aconuct invested in mutual funds, then there can be capital gains when the mutual funds are sold (and you have to sell them to get the money out). The tax is only on the GAIN, not the entire amount. Commonly called UGMA and UTMA aconucts.If this is a tax deferred savings aconuct (529 plan or coverdell ESA), then you don’t pay taxes each year, but then look at what the money is spent on when it’s withdrawn. If it’s used for qualified educational expenses, it’s tax exempt. If not, tax + 10% penalty.

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