We have prepared a selection of frequently asked questions.
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Scott Henvey: Mar 10, 2025 10:52:43 AM
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
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Maurice La Verdure: Mar 10, 2025 10:45:46 AM
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to...
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Maurice La Verdure: Feb 4, 2025 10:24:19 AM
From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good...
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Maurice La Verdure: Feb 4, 2025 10:18:07 AM
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible...
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Scott Henvey: Jan 13, 2025 8:33:58 AM
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely...
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Maurice La Verdure: Jan 13, 2025 8:27:05 AM
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
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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...
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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...
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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...
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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...
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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...
