We have prepared a selection of frequently asked questions.
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Scott Henvey: Apr 16, 2024 3:45:13 PM
Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in...
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Maurice La Verdure: Apr 16, 2024 3:41:43 PM
Open enrollment for most health care plans is many months away. That makes now a good time for businesses to consider changing their...
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Scott Henvey: Apr 16, 2024 3:37:10 PM
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Or perhaps you’re fortunate enough to already own a vacation home....
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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: Apr 16, 2024 3:23:03 PM
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So if you’re...
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Maurice La Verdure: Mar 7, 2024 9:10:52 AM
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries...
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Scott Henvey: Mar 7, 2024 9:04:25 AM
With the high cost of college, many parents begin saving with 529 plans when their children are babies. Contributions to these plans aren’t tax...
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Maurice La Verdure: Mar 7, 2024 9:00:33 AM
If you want to withdraw cash from your closely held corporation at a low tax cost, the easiest way is to distribute cash as a dividend. However, a...
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Maurice La Verdure: Mar 7, 2024 8:53:10 AM
If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still...
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Scott Henvey: Mar 7, 2024 8:46:16 AM
A recent report shows that post-pandemic global business travel is going strong. The market reached $665.3 billion in 2022 and is estimated to hit...
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Scott Henvey: Feb 8, 2024 12:02:24 PM
When you file your tax return, a tax filing status must be chosen. This status is used to determine your standard deduction, tax rates, eligibility...
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Scott Henvey: Feb 8, 2024 11:41:39 AM
Did you donate to charity last year? Acknowledgment letters from the charities you gave to may have already shown up in your mailbox. But if you...
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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...
