We have prepared a selection of frequently asked questions.
2 min read
Scott Henvey: Sep 18, 2025 1:33:49 PM
Before the One Big Beautiful Bill Act (OBBBA), tip income and overtime income were fully taxable for federal income tax purposes. The new law changes...
1 min read
Scott Henvey: Sep 18, 2025 1:27:36 PM
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA)...
3 min read
Scott Henvey: Aug 5, 2025 5:22:20 PM
The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small...
2 min read
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
Scott Henvey: Dec 19, 2023 11:47:43 AM
One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in tax...
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Maurice La Verdure: Dec 19, 2023 11:36:27 AM
The IRS recently announced various 2024 inflation-adjusted federal tax amounts that affect individual taxpayers.
1 min read
L&H CPAs: Jan 16, 2020 6:13:38 AM
The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of...
1 min read
L&H CPAs: Jan 16, 2020 12:01:06 AM
