We have prepared a selection of frequently asked questions.
2 min read
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...
2 min read
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...
2 min read
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...
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
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...
3 min read
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 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...
2 min read
Maurice La Verdure: Oct 8, 2024 2:16:03 PM
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts...
2 min read
Scott Henvey: Oct 8, 2024 2:13:11 PM
When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated...
