Refinancing Your Mortgage
There are many reasons to refinance your home besides getting a lower interest rate. We explore the reasons in this week’s Financial Tip.
Loophole for Specified Service Businesses to Qualify for the 20 Percent Tax Deduction
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.
In the News: Loophole for specified Service Businesses to Qualify for the 20 percent Tax Deduction
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 Interest Is Deductible For Taxes
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.
Don’t Delay: The Potential Benefits of Starting to Save Now
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.
Don’t Delay: The Potential Benefits of Starting to Save Now
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.
In the News: Eye on Your Money: Not All Business Tax Cuts Are Simple
Hannity finance expert and Principal of Henssler Financial, Bil Lako, CFP®, weighs in on the new tax bill.
Employee vs. Independent Contractor – Tips for Business Owners
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.
In the News: Not all business tax cuts are simple
In today’s Marietta Daily Journal, Bil Lako, CFP®, delves into the 20% deduction for pass-through businesses.
How can an insurance company really tell if I smoke?
Smokers may be tempted to make false statements on life insurance applications to ensure acceptance or lower premiums. Doing so may result in policy termination or refusal to pay claims. We explain in this week’s Insurance Tip.