We have prepared a selection of frequently asked questions.
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Scott Henvey: Sep 5, 2024 11:52:47 AM
Having a high income may mean you owe two extra taxes: the 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and...
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Scott Henvey: Sep 5, 2024 11:31:30 AM
Let’s say you own real estate that has been held for more than one year and is sold for a taxable gain. Perhaps this gain comes from indirect...
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Scott Henvey: Aug 7, 2024 1:25:42 PM
Get ready: The upcoming presidential and congressional elections may significantly alter the tax landscape for businesses in the United States. The...
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Maurice La Verdure: Aug 7, 2024 1:22:42 PM
Most businesses have websites today. Despite their widespread use, the IRS hasn’t issued formal guidance on when website costs can be deducted.
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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...
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Maurice La Verdure: Aug 7, 2024 1:15:04 PM
Are you buying a business that will have one or more co-owners? Or do you already own one fitting that description? If so, consider installing a...
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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...
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Maurice La Verdure: Aug 7, 2024 1:02:22 PM
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank. But it’s...
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.
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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...
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Maurice La Verdure: Jul 8, 2024 12:51:04 PM
Every type of company needs to devise a philosophy, strategy and various policies regarding compensation. Family businesses, however, face additional...
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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
Maurice La Verdure: Jun 6, 2024 9:39:54 AM
The IRS recently released guidance providing the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These amounts are adjusted each...
