Sam Greckel, CFP®
CFP® – Associate
Yes, you can borrow money from your wholly owned business. Generally speaking, the terms of the loan must be reasonable and must be properly documented. Otherwise, you run the risk that the IRS could reclassify the proceeds of the loan as compensation or dividends, leaving you with an unanticipated tax bill. Troubles may arise if…
When you apply for an auto insurance policy, don’t be surprised to find questions about your credit on the insurance company’s application. In addition to the other information you provide, the company may use your credit information as part of its applicant-screening process. But are insurance companies being too nosy and intrusive when they request…
Download BioNotableCertified Public Accountant8 Years of Tax and Accounting Industry ExperienceQuickBooks Online ProAdvisor®Member of Georgia Society of CPAsMember of American Institute of Certified Public AccountantsContact(770) 429-9166Email AshlynAshlyn Holliman, CPA Senior Tax Consultant Ashlyn Holliman, CPA, is a Senior Tax Consultant with Henssler CPAs & Advisers, LLC, an affiliate company of Henssler Financial. Known for her…
Download BioNotable6 Years of Financial Services ExperienceContact(678) 797-3712Email PatrickPatrick Kendrick Financial Planner Patrick Kendrick joined Henssler Financial in January 2020 as a Client Service Associate where he assisted Associates and Financial Planners with meeting preparation, ensuring all client data is current. Mr. Kendrick was promoted to Financial Planner in October 2021. His responsibilities include assisting…
There is no straightforward answer because some deductions are above the line, others must be itemized, some must exceed a threshold amount before being deductible, and certain ones are not deductible for alternative minimum tax purposes, while business deductions can offset both income and self-employment tax. In other words, there are many factors to consider,…
Download BioNotableCertified Public AccountantPersonal Financial SpecialistCertified Fraud Examiner15 Years of Tax and Accounting Industry ExperienceQuickBooks Online ProAdvisor®Member of American Institute of Certified Public AccountantsMember of Ducks UnlimitedContact(678) 797-3767Email ErikErik Kramschuster, CPA/PFS, CFE Tax Senior Manager Erik Kramschuster, CPA/PFS, CFE, is a Tax Senior Manager with Henssler CPAs & Advisers, LLC, an affiliate company of Henssler…