2 min read
Scott Henvey: May 3, 2023 12:12:00 PM
If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason: A corporation can deduct the salaries and bonuses that it pays executives,...
Read More
2 min read
Scott Henvey: Apr 10, 2023 12:36:52 PM
If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and...
2 min read
Maurice La Verdure: Apr 10, 2023 12:32:41 PM
Building flexibility into your estate plan using various strategies is generally advised. The reason is that life circumstances change over time,...
2 min read
Scott Henvey: Apr 10, 2023 12:22:26 PM
If you’re starting a business with some partners and wondering what type of entity to form, an S corporation may be the most suitable form of...
1 min read
Scott Henvey: Apr 10, 2023 12:13:00 PM
Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of 2023. Keep in mind that this...
2 min read
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...
2 min read
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...
2 min read
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...
2 min read
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...
2 min read
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...
2 min read
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...
