Think you’re safe from an audit because you have received your refund check? Think again! Read this for startling information on audits.
Now that your taxes have been completed for 2010, you are probably wondering what old records can be discarded. You may have records from years ago that you are apprehensive about destroying. Before starting a toss pile, understand why the records should be kept.
May 2011. Kennesaw, Ga.—Kennesaw State University awarded Dr. and Mrs. Gene W. Henssler with the 2011 President’s Award at the Annual Presidents’ Dinner. Gene and Pat Henssler were recognized for their contributions to the university. The Hensslers helped establish the Student Managed Investment Fund at the Michael J. Coles College of Business. Their donation and…
There is one tax loophole on the books that is large enough to drive a truck through…literally. Due to a provision in the new 2010 Tax Relief Act, you can write off most or all the entire cost of a heavy-duty SUV placed in service this year—without the usual restrictions. But you should move fast if you are in the market for a new business vehicle. Congress may soon undo the unexpected windfall created by the new tax law.
April 2011. Kennesaw, Ga. — Henssler Financial was named to the Atlanta’s Top 100 Workplaces 2011 list—a roll call of the best places to work in the Atlanta region. Henssler placed in the small-business category for companies that have 124 or fewer employees. More than 490 companies were nominated, and the consulting group Workplace Dynamics…
The federal tax filing deadline of April 18, 2011 is looming, but there is still time to cut your taxes for 2010. Read this Tax Tip for five strategies.
Changing from a C corporation setup to the S corporation setup can be beneficial, but there are numerous factors to consider. With the March 15 deadline for 2011 fast approaching, you should seek guidance for your situation.
The recently enacted Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is a sweeping tax package that includes, among many other items, an extension of the Bush-era tax cuts for two years, estate tax relief, a two-year patch of the alternative minimum tax (AMT), a two-percentage-point cut in employee-paid payroll taxes and in self-employment tax for 2011, new incentives to invest in machinery and equipment, and a host of retroactively resuscitated and extended tax breaks for individuals and businesses.