We have prepared a selection of frequently asked questions.
2 min read
Scott Henvey: Dec 2, 2024 12:54:22 PM
You’re not alone if you’re confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in...
2 min read
Maurice La Verdure: Dec 2, 2024 12:50:45 PM
When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before...
2 min read
Scott Henvey: Dec 2, 2024 12:45:26 PM
The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of...
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Scott Henvey: Nov 11, 2024 11:11:09 AM
As a business owner, you may travel to visit customers, attend conferences, check on vendors and for other purposes. Understanding which travel...
2 min read
Maurice La Verdure: Nov 11, 2024 11:08:23 AM
You don’t have to be in business to deduct certain vehicle expenses When you think about tax deductions for vehicle-related expenses, business...
2 min read
Scott Henvey: Nov 11, 2024 11:04:53 AM
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is...
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Scott Henvey: Nov 11, 2024 10:57:07 AM
As we approach 2025, changes are coming to the Social Security wage base. The Social Security Administration recently announced that the wage base...
2 min read
Maurice La Verdure: Nov 11, 2024 10:53:38 AM
Let’s say you have an unincorporated sideline activity that you consider a business. Perhaps you offer photography services, create custom artwork or...
2 min read
Maurice La Verdure: Nov 8, 2024 10:13:55 AM
Success in business is often measured in profitability — and that’s hard to argue with. However, liquidity is critical to reaching the point where a...
2 min read
Scott Henvey: Nov 8, 2024 10:10:15 AM
If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans. These...
2 min read
Maurice La Verdure: Nov 8, 2024 10:07:01 AM
Does your business require real estate for its operations? Or do you hold property titled under your business’s name? It might be worth reconsidering...
1 min read
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
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...
