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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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: 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...
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Maurice La Verdure: Oct 8, 2024 2:10:01 PM
Electric vehicles (EVs) have become increasingly popular. According to Kelley Blue Book estimates, the EV share of the vehicle market in the U.S. was...
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Maurice La Verdure: Sep 5, 2024 12:11:02 PM
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
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Scott Henvey: Sep 5, 2024 11:52:47 AM
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...
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Scott Henvey: Sep 5, 2024 11:31:30 AM
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...
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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: Mar 7, 2024 9:10:52 AM
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
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Scott Henvey: Feb 8, 2024 12:02:24 PM
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...
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Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
