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Scott Henvey: Mar 13, 2023 10:25:12 AM
If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year than you’d get from a smaller vehicle. The reason has to do with how smaller business cars are...
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Maurice La Verdure: Mar 13, 2023 10:16:03 AM
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards...
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Scott Henvey: Mar 13, 2023 9:50:05 AM
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This...
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Maurice La Verdure: Mar 13, 2023 9:44:42 AM
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a...
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Scott Henvey: Feb 8, 2023 10:24:57 AM
Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your...
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Maurice La Verdure: Feb 8, 2023 10:22:13 AM
Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s...
1 min read
Maurice La Verdure: Feb 8, 2023 10:02:19 AM
An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023....
1 min read
Scott Henvey: Feb 8, 2023 9:45:01 AM
A revocable trust — sometimes known as a “living trust” — can provide significant benefits. They include the ability to avoid probate of the assets...
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Scott Henvey: Jan 16, 2023 8:02:57 AM
Are you charitably inclined? If so, you probably know that donations of long-term appreciated assets, such as stocks, have an advantage over cash...
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Scott Henvey: Jan 16, 2023 8:00:42 AM
Although the national price of gas is a bit lower than it was a year ago, the optional standard mileage rate used to calculate the deductible cost of...
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Maurice La Verdure: Jan 16, 2023 7:58:01 AM
A new law was recently signed to help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting...
1 min read
Scott Henvey: Dec 16, 2022 2:35:59 PM
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the...
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Maurice La Verdure: Dec 16, 2022 2:33:36 PM
If you’re thinking about selling stock shares at a loss to offset gains that you’ve realized during 2022, it’s important to watch out for the “wash...
