1 min read
Scott Henvey: Aug 9, 2022 7:30:35 AM
When you filed your federal tax return this year, were you surprised to find you owed money? You might want to change your withholding so that this doesn’t happen again next year. You might even want to adjust your withholding if you got a big...
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2 min read
Maurice La Verdure: Jul 11, 2022 3:00:25 PM
The tax obligations if your business closes its doors Sadly, many businesses have been forced to shut down recently due to the pandemic and the...
2 min read
Scott Henvey: Jul 11, 2022 2:48:48 PM
The GST tax and your estate plan: What you need to know Here’s a not-so-fun fact: The generation-skipping transfer (GST) tax is among the harshest...
2 min read
Maurice La Verdure: Jul 11, 2022 2:45:38 PM
How do taxes factor into an M&A transaction? Although merger and acquisition activity has been down in 2022, according to various reports, there are...
2 min read
Maurice La Verdure: Jun 21, 2022 12:07:30 PM
As a result of the current estate tax exemption amount ($12.06 million in 2022), many people no longer need to be concerned with the federal estate...
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Scott Henvey: Jun 21, 2022 12:04:48 PM
Businesses will soon be able to deduct more under the standard mileage rate Business owners are aware that the price of gas is historically high,...
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Maurice La Verdure: Jun 21, 2022 12:01:17 PM
Does your college-aged child have a basic estate plan? In more cases than not, the answer is “no.” The good news is that the summer months are the...
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Maurice La Verdure: May 9, 2022 3:51:20 PM
Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is...
2 min read
Maurice La Verdure: May 9, 2022 3:48:29 PM
Adding a new partner in a partnership has several financial and legal implications. Let’s say you and your partners are planning to admit a new...
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Scott Henvey: May 9, 2022 3:47:51 PM
Gift splitting can be a valuable estate planning tool, allowing you and your spouse to maximize the amount of wealth you can transfer tax-free. But...
2 min read
Maurice La Verdure: Apr 11, 2022 11:49:00 AM
The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws,...
2 min read
Maurice La Verdure: Apr 11, 2022 11:45:40 AM
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for...
2 min read
Scott Henvey: Apr 11, 2022 11:42:25 AM
The unified gift and estate tax exemption is set at an inflation-adjusted $12.06 million for 2022, up from $11.7 million for 2021. This means that...
