We have prepared a selection of frequently asked questions.
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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...
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Scott Henvey: Jun 5, 2024 2:12:57 PM
If you donate valuable items to charity and you want to deduct them on your tax return, you may be required to get an appraisal. The IRS requires...
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Maurice La Verdure: May 10, 2024 9:40:23 AM
Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to be too...
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Maurice La Verdure: Apr 16, 2024 3:32:53 PM
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In...
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Scott Henvey: Feb 8, 2024 11:55:37 AM
Although traditional IRAs and Roth IRAs have been around for decades, the rules involved have changed many times. The Secure 2.0 law, which was...
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Maurice La Verdure: Jan 12, 2024 10:49:22 AM
The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead...
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Scott Henvey: Nov 8, 2023 12:29:35 PM
If you’re planning to start a business or thinking about changing your business entity, you need to determine what will work best for you. Should you...
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Maurice La Verdure: Nov 8, 2023 12:22:35 PM
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out...
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Maurice La Verdure: Nov 8, 2023 12:18:33 PM
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
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Maurice La Verdure: Sep 15, 2023 2:10:22 PM
It’s not uncommon for employees to grumble about having to attend too many meetings. Sometimes they have a point; an excessive number of meetings can...
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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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Maurice La Verdure: Jun 1, 2023 9:36:37 AM
If you’ve received, or will soon receive a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But...
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L&H CPAs: Jan 16, 2020 8:01:03 AM
Many people assume that a Section 529 plan is the ideal college savings tool. But the Roth IRA can also help parents save for college expenses. This...
