You heard the headline that “service businesses” weren’t eligible for a 20% deduction on pass-through income, however, you can still get the deduction if your joint taxable income is less than $315,000. We explain in this Business Tip.
Henssler Financial provides a simplified example how some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. hensslervideo_personal_finance
This week on “Money Talks,” Bil Lako, CFP®, Troy Harmon, CFA, CVA, and Jarrett McKenzie, CFP®, CWS®, discuss a provision in the tax law that eliminates recharacterization of IRA conversions. Jarrett explains how this can affect the financial planning strategy.
The major indices kicked off 2018 landing in the green zone on Tuesday. The S&P 500 Index and NASDAQ closed at new record highs while the Dow Jones Industrial Average inched up 0.4%. Indices closed well into green territory on Wednesday, as Technology stocks led the Dow, S&P 500 and NASDAQ to new all-time record levels.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains that some “specified service or trade businesses” can still qualify for the 20% deduction on qualified business income. Read the Article
Not all loan interest is the same! The rules for deducting interest on your taxes depend on whether the loan proceeds are used for personal, investment, or business activities. We explain in this week’s Tax Tip.
Compounding happens when you earn returns on your invested money and then you reinvest your returns so that money can also earn returns. It seems magical the longer you let it ride! Learn more in this week’s Financial Tip.
Chief Investment Officer Troy Harmon, CFA, CVA, Research Analysts Nick Antonucci, CVA, and Jacob Keen, provide their outlook and opinions on what the year ahead holds, including interest rates, the yield curve, and sectors they like for 2018.
Hannity finance expert and Principal of Henssler Financial, Bil Lako, CFP®, weighs in on the new tax bill.
Employers who misclassify workers as independent contractors can end up with substantial tax bills
and face penalties for failing to pay employment taxes and not filing the required tax forms. Read more in this week’s Business Tip.