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Maurice La Verdure: Jun 1, 2023 10:03:03 AM
Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing...
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Scott Henvey: Jun 1, 2023 9:32:11 AM
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures....
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Scott Henvey: May 3, 2023 12:24:22 PM
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial...
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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...
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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: Feb 16, 2022 3:23:10 PM
If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or...
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Scott Henvey: Feb 16, 2022 3:21:30 PM
Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However,...
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Maurice La Verdure: Feb 16, 2022 3:19:32 PM
If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation.
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Scott Henvey: Jan 20, 2022 11:00:00 AM
Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation...
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Scott Henvey: Aug 24, 2021 11:00:00 AM
If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS.
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Maurice La Verdure: Jul 26, 2021 11:00:00 AM
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being...
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Maurice La Verdure: Jul 1, 2021 10:00:00 AM
Owning assets jointly with one or more of your children or other heirs is a common estate planning “shortcut.” But like many shortcuts, it may...
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Scott Henvey: Jun 29, 2021 10:00:00 AM
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete...
