Is It Time for a Payroll Tax Checkup?
Was your 2018 federal tax refund less than normal, or—worse yet—did you owe tax despite usually getting a refund? We explain why it might be time for a payroll tax checkup.
Get Those Kids a Job, and Take Advantage of Tax Breaks
Children who are dependents of their parents are subject to what is commonly referred to as the kiddie tax. This generally applies to children under the age of 19 and full-time students over the age of 18 and under the age of 24. The kiddie tax originated many years ago to close a tax loophole…
In the News: Is cash king when selling a business?
In today’s Marietta Daily Journal, Bil Lako, CFP® explains that when selling your business, the terms of the offer can vary in risk. Read the article here. Disclosures: The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but…
Selling Your Business: Terms of the Deal
Certified Exit Planning Advisor K.C. Smith, CFP®, discusses how the terms of the deal when selling your business can affect your bottom line.
Is Cash King When Selling a Business?
The “Money Talks” experts take a deeper look at evaluating offers when exiting your business. They discuss the difference between taking a higher selling price with an earn out clause versus taking an all cash offer.
Choosing an Entity for Your Business
There is no single best form of ownership for a business because certain limitations can often be compensated for. We walk you through the various options in this week’s Business Tip.
Small Business Owners May Qualify for a Home-Office Deduction
If you’re a small business owner, you may qualify for a home-office deduction. We explain the qualifications and two methods in this week’s Business Tip.
How Does Profitability Impact Value?
If you are a few years from selling your business, we explain how profitability can impact the value. Learn more in this week’s Business Tip.
Hobby or Business? It Makes a Difference for Taxes – Now More than Ever
What distinguishes a business from a hobby? We explain the IRS’ nine factors to consider when making that judgement in this week’s Business Tip.
What Are the Pros/Cons of a Side Hustle?
Depending on how much time and energy you put into a side hustle, you could earn a significant supplemental income. We explain the pros and cons in this Question of the Week.