We have prepared a selection of frequently asked questions.
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Scott Henvey: May 8, 2025 12:03:57 PM
Suppose you’re thinking about setting up a retirement plan for yourself and your employees. However, you’re concerned about the financial commitment...
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Scott Henvey: May 8, 2025 11:45:04 AM
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can...
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Maurice La Verdure: Apr 8, 2025 2:19:11 PM
Some tax sins are much worse than others. An example is failing to pay over federal income and employment taxes that have been withheld from...
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Maurice La Verdure: Apr 8, 2025 2:11:53 PM
Financial statements can fascinate accountants, investors and lenders. However, for business owners, they may not be real page-turners.
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Scott Henvey: Apr 8, 2025 1:57:50 PM
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders...
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Scott Henvey: Apr 8, 2025 1:49:13 PM
Are you starting a business with partners and deciding on the right entity? An S corporation might be the best choice for your new venture.
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Scott Henvey: Mar 10, 2025 10:52:43 AM
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense....
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Maurice La Verdure: Mar 10, 2025 10:45:46 AM
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, it’s crucial to...
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Maurice La Verdure: Feb 4, 2025 10:24:19 AM
From the moment they launch their companies, business owners are urged to use key performance indicators (KPIs) to monitor performance. And for good...
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Maurice La Verdure: Feb 4, 2025 10:18:07 AM
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible...
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Scott Henvey: Jan 13, 2025 8:33:58 AM
Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely...
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Maurice La Verdure: Jan 13, 2025 8:27:05 AM
When deciding on the best structure for your business, one option to consider is a C corporation. This entity offers several advantages and...
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Maurice La Verdure: Dec 2, 2024 1:02:53 PM
As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a...
