The basis of an asset is very important because it’s used to calculate deductions for depreciation, casualties, and depletion, as well as gains or losses on the disposition of that asset. We explain in this week’s Tax Tip.
Many taxpayers received advanced payments of the Child Tax Credit in 2021. This must be reconciled on your 2021 tax return.
For January 2022, the Henssler Research Analysts will be monitoring if S&P earnings can pace with the fourth quarter’s estimates as well as keep an eye on expectations for 2022. They’ll also be watching if bond yields continue to climb, and for changes in wages and labor turnover as the unemployment rate inches toward pre-pandemic levels.
The Henssler Research Analysts discuss what they believe 2022 holds for the stock market, as Chief Investment Officer, Troy Harmon, CFA, CVA, and Research Analysts Nick Antonucci, CVA, CEPA, and Jacob Keen, CFA, examine inflation, government spending, performance concentration in a few stocks, and the chances of growth in 2022.
How much cash should your business have on hand? It varies by industry. In the January 2022 episode of “Our Three Cents” our business experts discuss how working capital needs are an integral piece of information for business owners.
As seen in the Marietta Daily Journal: Bil Lako, CFP®, provides some tips to get your financial New Year’s resolutions to stick.
Financing a college education with the least amount of debt requires planning, savings discipline, an understanding of financial aid, smart college research, and good decision making at college time.
A frequently overlooked tax benefit is the spousal IRA, which allows a nonworking or low-earning spouse to contribute to his or her own IRA, as long as his or her spouse has adequate compensation.
Research Analyst Nick Antonucci, CVA, CEPA, Senior Associate Melanie Wells, CFP®, and a Financial Planner provide a list of financial moves for a couple of investors looking to start the new year on the right foot financially.
As seen in the Marietta Daily Journal: Bil Lako, CFP®, highlights some common mistakes investors make when it comes to required minimum distributions.