We have prepared a selection of frequently asked questions.
1 min read
Scott Henvey: Jun 12, 2025 10:23:22 AM
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more...
2 min read
Scott Henvey: Jun 12, 2025 10:13:47 AM
Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among...
2 min read
Maurice La Verdure: May 8, 2025 12:25:19 PM
Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions...
2 min read
Scott Henvey: May 8, 2025 12:22:14 PM
Determining “reasonable compensation” is a critical issue for owners of C corporations and S corporations. If the IRS believes an owner’s...
2 min read
Scott Henvey: May 8, 2025 12:17:36 PM
Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage firm...
2 min read
Maurice La Verdure: May 8, 2025 11:49:33 AM
When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately, head of...
2 min read
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...
2 min read
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...
2 min read
Scott Henvey: Apr 8, 2025 2:06:16 PM
Suppose your adult child or friend needs to borrow money. Maybe it’s to buy a first home or address a cash flow problem. You may want to help by...
2 min read
Maurice La Verdure: Apr 8, 2025 2:01:39 PM
Have you ever invested in a company only to see its stock value plummet? (This may become relevant in light of recent market volatility.) While such...
3 min read
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...
2 min read
Maurice La Verdure: Apr 8, 2025 1:53:36 PM
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should...
1 min read
Maurice La Verdure: Mar 10, 2025 10:55:53 AM
If you made significant gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a...
