We have prepared a selection of frequently asked questions.
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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...
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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...
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Maurice La Verdure: Jun 5, 2024 2:16:55 PM
After experiencing a downturn in 2023, merger and acquisition activity in several sectors is rebounding in 2024. If you’re buying a business, you...
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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...
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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...
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Scott Henvey: May 10, 2024 9:46:07 AM
For businesses, cost-effectively sponsoring a health insurance plan for employees is an ongoing battle. In the broadest sense, you have two options:...
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Scott Henvey: May 10, 2024 9:33:35 AM
Businesses usually want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it wise...
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Maurice La Verdure: Apr 16, 2024 3:58:31 PM
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
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Scott Henvey: Apr 16, 2024 3:45:13 PM
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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Maurice La Verdure: Apr 16, 2024 3:41:43 PM
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
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Scott Henvey: Apr 16, 2024 3:23:03 PM
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re...
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Maurice La Verdure: Mar 7, 2024 9:07:35 AM
Few and far between are businesses that can either launch or grow without an infusion of outside capital. In some cases, that capital comes in the...
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Maurice La Verdure: Mar 7, 2024 9:00:33 AM
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a...
