Scott Henvey

1 min read

Can homeowners deduct seller-paid points as the real estate market improves?

Scott Henvey: Nov 8, 2024 10:04:18 AM

The recent drop in interest rates has created a buzz in the real estate market. Potential homebuyers may now have an opportunity to attain their...

1 min read

2024 Q4 tax calendar: Key deadlines for businesses and other employers

Scott Henvey: Oct 8, 2024 2:18:58 PM

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2024. Keep in mind that this...

2 min read

Help ensure your partnership or LLC complies with tax law

Scott Henvey: Oct 8, 2024 2:13:11 PM

When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated...

2 min read

It’s time for your small business to think about year-end tax planning

Scott Henvey: Oct 8, 2024 2:01:35 PM

With Labor Day in the rearview mirror, it’s time to take proactive steps that may help lower your small business’s taxes for this year and next. The...

2 min read

6 key elements of a business budget

Scott Henvey: Sep 5, 2024 12:14:14 PM

2 min read

Are you liable for two additional taxes on your income?

Scott Henvey: Sep 5, 2024 11:52:47 AM

Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...

2 min read

Understanding taxes on real estate gains

Scott Henvey: Sep 5, 2024 11:31:30 AM

Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...

2 min read

The possible tax landscape for businesses in the future

Scott Henvey: Aug 7, 2024 1:25:42 PM

Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The...

2 min read

Closing a business involves a number of tax responsibilities

Scott Henvey: Aug 7, 2024 1:16:42 PM

While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...

1 min read

Certain charitable donations allow you to avoid taxable IRA withdrawals

Scott Henvey: Aug 7, 2024 1:11:58 PM

If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to...

2 min read

What might be ahead as many tax provisions are scheduled to expire?

Scott Henvey: Aug 7, 2024 12:58:42 PM

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections.

3 min read

Social Security tax update: How high can it go?

Scott Henvey: Jul 8, 2024 12:57:29 PM

Employees, self-employed individuals, and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people...

2 min read

4 ways businesses can better control cash flow

Scott Henvey: Jul 8, 2024 12:46:28 PM

From the minute they open their doors, business owners are urged to keep a close eye on cash flow. And for good reason — even companies with booming...