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6 key elements of a business budget
Scott Henvey: Sep 5, 2024 12:14:14 PM
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
Business Owners & Entrepreneurs (2)
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...
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Business website expenses: How they’re handled for tax purposes
Maurice La Verdure: Aug 7, 2024 1:22:42 PM
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
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...
2 min read
If your business has co-owners, you probably need a buy-sell agreement
Maurice La Verdure: Aug 7, 2024 1:15:04 PM
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a...
2 min read
Consider borrowing from your corporation but structure the deal carefully
Maurice La Verdure: Aug 7, 2024 1:02:22 PM
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s...
2 min read
How family businesses can solve the compensation puzzle
Maurice La Verdure: Jul 8, 2024 12:51:04 PM
Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional...
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...
2 min read
Inflation enhances the 2025 amounts for Health Savings Accounts
Maurice La Verdure: Jun 6, 2024 9:39:54 AM
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each...
2 min read
Timelines: 3 ways business owners should look at succession planning
Scott Henvey: Jun 6, 2024 9:29:14 AM
Business owners are rightly urged to develop succession plans so their companies will pass on to the next generation, or another iteration of...
2 min read
Should you convert your business from a C to an S corporation?
Maurice La Verdure: Jun 5, 2024 2:24:16 PM
Choosing the right business entity has many implications, including the amount of your tax bill. The most common business structures are sole...
2 min read
Growing your business with a new partner: Here are some tax considerations
Maurice La Verdure: May 10, 2024 9:58:20 AM
There are several financial and legal implications when adding a new partner to a partnership. Here’s an example to illustrate: You and your partners...
2 min read
When partners pay expenses related to the business
Maurice La Verdure: May 10, 2024 9:50:33 AM
It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships...