Manville & Schell, PC

04/16/2025

Discover how small business tax deductions work and learn proven strategies to minimize your tax liability. Our comprehensive guide explains what tax deductions are, how to use the tax code proactively, and why professional help is crucial.

Discover how small business tax deductions work and learn proven strategies to minimize your tax liability. Our comprehensive guide explains what tax deductions

04/15/2025

Explore the tax pros, cons, and qualifications of day trading. Learn how mark-to-market election and trader tax status affect deductions and IRS reporting.

04/14/2025

Learn how asset basis affects taxes, including depreciation, casualty losses, and how gains or losses are calculated when selling or disposing of property.

04/11/2025

Discover actionable strategies to break free from costly financial mistakes and build lasting financial well-being. Learn how to automate savings, create a realistic budget, and invest in your future to maximize your financial outcomes and happiness.

Discover actionable strategies to break free from costly financial mistakes and build lasting financial well-being.

04/10/2025

Choosing the right business entity is a critical decision for entrepreneurs and business owners. The type of entity you select can have significant implications for liability, taxation, and the overall management of your business.

Choosing the right business entity is a critical decision for entrepreneurs and business owners.

04/09/2025

The new U.S. tariff policy is raising costs and increasing uncertainty for business owners. Learn how to plan smarter and protect your margins—with help from your accounting team.

The new U.S. tariff policy is raising costs and increasing uncertainty for business owners. Learn how to plan smarter and protect your margins.

04/08/2025

The Internal Revenue Service (IRS) has clear guidelines regarding the deductibility of penalties. According to IRS rules, penalties paid to the government for violating laws are not deductible as business expenses or itemized deductions.

Tax penalties are generally not deductible, but some exceptions exist. Learn what applies to individuals and businesses when navigating IRS rules.

04/08/2025

The federal government is phasing out paper checks by Sept 30, 2025. Learn what taxpayers and preparers need to know about this digital payment transition.

04/07/2025

It’s time to declutter your business finances. Discover 7 actionable tips to improve cash flow, reduce expenses, and refocus your operations this spring. Contact our office to get expert help streamlining your financial systems.

It’s time to declutter your business finances. Discover 7 actionable tips to improve cash flow, reduce expenses, and refocus your operations this spring.

04/07/2025

When’s the last time you checked your beneficiaries? Outdated info can derail your estate plans. Watch this video tip to learn why regular updates are key to protecting your wishes.

04/03/2025

Navigating the tax treatment of business vehicles requires a thorough understanding of the available deduction methods and their implications. Whether you choose the optional mileage method or the actual expense method, it's crucial to maintain accurate records and stay informed about tax law changes.

Navigating the tax treatment of business vehicles requires a thorough understanding of the available deduction methods and their implications.

04/01/2025

Thinking about selling property? An installment sale could offer tax benefits, steady income & flexible terms for buyers. Learn more about the pros & cons in this article.

Learn how installment sales offer tax benefits, steady income, and flexible financing for both property sellers and buyers. Pros, cons, and key considerations c