In order to claim substantial reductions in current income tax liabilities and possibly increase cash flow, an investor must first begin by properly classifying investments in a building between real and personal property. Cost segregation allows a taxpayer to separately depreciate components of a building over a shortened depreciation period. For more information on cost segregation and to determine if a study will benefit you, read this C.P.A. Insight.
Only 23.8% of eligible participants took advantage of the catch-up contribution feature in their 401(k) plan. Learn more in our Business Tip.
Unless you want to pay taxes on money you didn’t earn, be careful when you buy mutual fund shares in December. Read the Article
Cobb Chamber recognizes Henssler Financial and 19 other local businesses with the Sam Olens Business Community Service Award. Read More
Your auto insurance policy generally covers you if you’re in an accident, but there are incidents that are not covered. Read more in this Insurance Tip.
In general, tax-free bonds are likely to be more attractive to taxpayers in higher brackets, but are they right for you? Read all about it in this week’s Tax Tip.
Cost basis reporting for bonds is scheduled to begin in 2014, which may make calculating profits from bond sales easier. Learn more in this Financial Tip.
Both the self-employed and small businesses can establish retirement plans to provide benefits for you and your employees. Read more in this week’s Business Tip.
Positive economic signs have been leading investors to believe a cut in the Fed’s stimulus efforts, which weighed heavily on the week.
The “Money Talks” hosts address listener questions timing mandatory IRA withdrawals, target maturity bond ETFs and auto enrollment in a 401(k) plan.