We have prepared a selection of frequently asked questions.
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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...
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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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Scott Henvey: Dec 19, 2023 11:43:48 AM
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important...
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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.
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Scott Henvey: Dec 19, 2023 11:31:02 AM
If you’re facing a serious cash shortfall, one possible solution is to take an early withdrawal from your traditional IRA. That means one before...
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Maurice La Verdure: Nov 8, 2023 12:32:11 PM
Restricted stock awards are a popular way for companies to offer equity-oriented executive compensation. Some businesses offer them instead of stock...
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Scott Henvey: Nov 8, 2023 12:26:39 PM
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps you’re annoyed at the time and energy that goes into...
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Maurice La Verdure: Nov 8, 2023 12:22:35 PM
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out...
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Maurice La Verdure: Nov 8, 2023 12:18:33 PM
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
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Scott Henvey: Nov 8, 2023 12:07:22 PM
Many Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains, or in a resort...
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Scott Henvey: Sep 15, 2023 2:07:12 PM
If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided...
