We have prepared a selection of frequently asked questions.
3 min read
Scott Henvey: Jul 8, 2024 12:57:29 PM
Employees, self-employed individuals, and employers all pay Social Security tax, and the amounts can get bigger every year. And yet, many people...
2 min read
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
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
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
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
Scott Henvey: Jun 5, 2024 2:28:02 PM
There are many rewards for taking care of an elderly relative. They may include feeling needed, making a difference in the person’s life and allowing...
2 min read
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
Scott Henvey: Jun 5, 2024 2:20:47 PM
Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated...
2 min read
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...
2 min read
Scott Henvey: Jun 5, 2024 2:12:57 PM
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...
2 min read
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
Scott Henvey: May 10, 2024 9:54:15 AM
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to...
2 min read
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...
