We have prepared a selection of frequently asked questions.
2 min read
Scott Henvey: Aug 7, 2024 1:16:42 PM
While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close...
1 min read
Scott Henvey: Aug 7, 2024 1:11:58 PM
If you’re a philanthropic individual who is also obligated to take required minimum distributions (RMDs) from a traditional IRA, you may want to...
2 min read
Scott Henvey: Aug 7, 2024 12:58:42 PM
Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections.
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
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
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
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
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
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
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:...
2 min read
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...
2 min read
Scott Henvey: Apr 16, 2024 4:02:03 PM
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
