Owe Taxes and Can’t Pay by the Due Date?
If you are unable to pay the tax you owe, it is generally in your best interest to make other arrangements to obtain the funds for paying your taxes. We explore a few options to consider in our Tax Tip.
Can I Write Off My Business Start-Up Expenses?
New business owners, especially those operating small businesses, may be helped by a tax provision allowing them to deduct up to $5,000 of the start-up expenses and $5,000 of organizational costs in the first year of the business’s operation.
4 Things Investors Should Know About Stock Splits
As an investor, you may wonder what a stock split is and how it might affect your portfolio. A common misconception is that splits automatically increase the value of an investor’s holdings.
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
If you or a dependent have already filed your federal return with unemployment income, the IRS will automatically adjust your return to account for the American Rescue Plan’s $10,200 exclusion.
Dog Bites Man; Umbrella Helps Pay for Surgery and Rehabilitation
Your dog bites your child’s friend’s parent. Your homeowner policy should respond if you are found liable for accidents that happen on your property. But what about damages that exceed your liability limits on your policy?
Money Market Funds in a Low Rate Environment
The funds rate affects many short-term interest rates, including the rates on money market mutual funds, which were already low to begin with. What’s the appeal with such a low return? Stability and liquidity.
Henssler Financial and Henssler Tax Consultant John Dickson Voted Best of Cobb
APRIL 2021, KENNESAW, Ga.— Readers of Cobb Life magazine and the Marietta Daily Journal nominated and voted Henssler Financial as Best Investment Firm, and John Dickson, CPA, CVA, CFP®, as Best Accountant in the 2021 Best of Cobb list. “We try to consistently improve our corporate culture and both client and employee experience,” said firm…
Don’t Miss Out on Tax Credits
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. The following is a summary of some of the tax credits available to individual taxpayers:
5 Tips to Follow When Applying for a Mortgage
The housing market during the coronavirus pandemic has certainly been notable. Historically low interest rates resulted in record homebuying, even as housing prices escalated.1 Fortunately, the mortgage industry has been able to keep up with the pace of the real estate market by utilizing already existing technology. Homebuyers can search for lenders, compare interest rates,…
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
The recently passed American Rescue Plan Act includes a provision for the federal government to pick up the cost of COBRA health coverage for employees’ involuntary termination of their employment or reduction of hours subject to certain qualifications.