We have prepared a selection of frequently asked questions.
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Maurice La Verdure: Mar 10, 2025 10:55:53 AM
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a...
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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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Scott Henvey: Mar 10, 2025 10:32:15 AM
If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance to lower it. If you’re...
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Scott Henvey: Feb 4, 2025 10:21:41 AM
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and...
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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: Dec 2, 2024 1:02:53 PM
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a...
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Scott Henvey: Dec 2, 2024 12:59:11 PM
Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will...
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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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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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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...
