2 min read
6 key elements of a business budget
Scott Henvey: Sep 5, 2024 12:14:14 PM
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
smallbusiness
3 min read
6 tax-free income opportunities
Maurice La Verdure: Sep 5, 2024 12:11:02 PM
Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without...
2 min read
Are you liable for two additional taxes on your income?
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...
2 min read
Navigating tax complexities: Craft partnership agreements and LLC operating agreements with precision
Maurice La Verdure: Sep 5, 2024 11:52:19 AM
Partnerships are often used for business and investment activities. So are multi-member LLCs that are treated as partnerships for tax purposes. A...
2 min read
Understanding taxes on real estate gains
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...
2 min read
The possible tax landscape for businesses in the future
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...
2 min read
Business website expenses: How they’re handled for tax purposes
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.
2 min read
Closing a business involves a number of tax responsibilities
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...
2 min read
If your business has co-owners, you probably need a buy-sell agreement
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...
2 min read
Consider borrowing from your corporation but structure the deal carefully
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
What might be ahead as many tax provisions are scheduled to expire?
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.
3 min read
Social Security tax update: How high can it go?
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...
2 min read
How family businesses can solve the compensation puzzle
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...