Could Employee Ownership Be Part of Your Succession Plan?
An Employee Stock Ownership Plan (ESOP) can help business owners transition out while rewarding loyal employees with a real stake in the company’s future. Explore how ESOPs work, their tax benefits, and why they might be the right fit for your business.
Understanding the New Above-the-Line Tax Deduction for Qualified Tips
The new One Big Beautiful Bill Act introduces a game-changing above-the-line tax deduction — up to $25,000 for qualified tips. But who qualifies, and what are the catches?
How to Keep Your Business in the Family – Tax Traps and Solutions
Transferring a family business isn’t as simple as handing over the keys—it’s full of tax traps that could cost your kids the legacy you worked so hard to build. From gifting gone wrong to surprise capital gains, here’s what to know now before passing on the business.
Think the IRS Is Slowing Down? Why That Might Actually Increase Your Audit Risk
Heard the headlines about IRS budget cuts and lower audit rates? Don’t get too comfortable. The IRS isn’t backing off—it’s just getting smarter about who it audits. From crypto to cash businesses, Schedule Cs to suspicious deductions, the agency is using algorithms like DIF to flag high-risk returns. Learn what the IRS is really looking for—and how to avoid getting caught in the net.
Is Your Business Overpaying Taxes? 3 Mid-Year Moves That Could Lower Your 2025 Bill
Remember that moment in April when you wished you’d planned for taxes sooner? This is sooner. If your business is having a strong year, now’s the time to make smart tax moves—before fourth-quarter stress sets in. From bonus depreciation to defined benefit plans, small changes now can mean big savings later.
401(k) Plans: More Control, More Growth, More Responsibility
The “Henssler Money Talks” hosts sit down with Justin Wagner, AIF®, Henssler Financial’s Director of Business Development, to explore the real value of offering—and participating in—a 401(k) plan. For employers, we discuss the end of traditional pensions and why the shift toward defined contribution plans like the 401(k) makes sense today. On the employee side, we break down how contributions can reduce taxable income, the benefits of employer matching, the advantages of tax-deferred growth, and current annual contribution limits.
Summer Hiring? Here’s How to Handle Seasonal Workers, Interns, and Payroll Compliance Without the Headache
Before you hand out those paychecks, make sure you’re not accidentally inviting the IRS to your summer party. Misclassifying workers—even “just for the summer”—can cost your business big.
Tips Every Self-Employed Individual Should Know About Self-employment Tax
Calling all freelancers, entrepreneurs, and small business owners—do you really understand self-employment tax? From what counts as net earnings to key deductions and exemptions, we break down what need to know to stay compliant and maximize your savings.
Summer Employment for Your Child
Summer jobs do more than keep kids busy—they build life skills, confidence, and financial know-how. Your child could earn up to $15,000 tax-free—plus contribute to an IRA! From fast food to freelancing, see what jobs make sense and how to make the most of the earnings.
When Consumers Pull Back: What Small Businesses Need to Know Right Now
Small business owners: Your customers are hesitating — and it’s not your imagination. Economic uncertainty is shifting consumer behavior, and delayed buying decisions are becoming the new normal. Is your business adapting fast enough?