We have prepared a selection of frequently asked questions.
2 min read
Maurice La Verdure: Feb 4, 2025 10:18:07 AM
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible...
2 min read
Scott Henvey: Feb 4, 2025 10:13:04 AM
Once you reach age 73, tax law requires you to begin taking withdrawals — called Required Minimum Distributions (RMDs) — from your traditional IRA,...
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: Jan 13, 2025 8:27:05 AM
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
2 min read
Scott Henvey: Jan 13, 2025 8:24:27 AM
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a...
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
Maurice La Verdure: Dec 2, 2024 12:50:45 PM
When start-ups launch, their focus is often on tightly controlling expenses. Most need to establish a brand and some semblance of stability before...
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 11, 2024 11:04:53 AM
If you own a small business with no employees (other than your spouse) and want to set up a retirement plan, consider a solo 401(k) plan. This is...
