We have prepared a selection of frequently asked questions.
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Scott Henvey: Mar 7, 2024 8:56:50 AM
Many small business owners run their companies as leanly as possible. This often means not offering what are considered standard fringe benefits for...
2 min read
Scott Henvey: Mar 7, 2024 8:46:16 AM
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit...
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Scott Henvey: Feb 8, 2024 12:02:24 PM
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...
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Scott Henvey: Feb 8, 2024 11:55:37 AM
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was...
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Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
2 min read
Scott Henvey: Jan 12, 2024 10:46:13 AM
The optional standard mileage rate used to calculate the deductible cost of operating an automobile for business will be going up by 1.5 cents per...
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Scott Henvey: Dec 19, 2023 11:57:39 AM
The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts...
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Scott Henvey: Dec 19, 2023 11:47:43 AM
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax...
2 min read
Scott Henvey: Dec 19, 2023 11:43:48 AM
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important...
2 min read
Scott Henvey: Dec 19, 2023 11:31:02 AM
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before...
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Scott Henvey: Nov 8, 2023 12:29:35 PM
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you...
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Scott Henvey: Nov 8, 2023 12:26:39 PM
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into...
2 min read
Scott Henvey: Nov 8, 2023 12:07:22 PM
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains, or in a resort...
