SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000
The U.S. Small Business Administration (SBA) is expanding loan opportunities so that nonprofits and small businesses will be able to borrow up to $500,000 for up to 24 months.
How Well Do You Understand Retirement Plan Rules?
Take this 4-question quiz to see if you understand retirement plan rules.
Owe Taxes and Can’t Pay by the Due Date?
If you are unable to pay the tax you owe, it is generally in your best interest to make other arrangements to obtain the funds for paying your taxes. We explore a few options to consider in our Tax Tip.
Can I Write Off My Business Start-Up Expenses?
New business owners, especially those operating small businesses, may be helped by a tax provision allowing them to deduct up to $5,000 of the start-up expenses and $5,000 of organizational costs in the first year of the business’s operation.
4 Things Investors Should Know About Stock Splits
As an investor, you may wonder what a stock split is and how it might affect your portfolio. A common misconception is that splits automatically increase the value of an investor’s holdings.
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income
If you or a dependent have already filed your federal return with unemployment income, the IRS will automatically adjust your return to account for the American Rescue Plan’s $10,200 exclusion.
Dog Bites Man; Umbrella Helps Pay for Surgery and Rehabilitation
Your dog bites your child’s friend’s parent. Your homeowner policy should respond if you are found liable for accidents that happen on your property. But what about damages that exceed your liability limits on your policy?
Money Market Funds in a Low Rate Environment
The funds rate affects many short-term interest rates, including the rates on money market mutual funds, which were already low to begin with. What’s the appeal with such a low return? Stability and liquidity.
Henssler Financial and Henssler Tax Consultant John Dickson Voted Best of Cobb
APRIL 2021, KENNESAW, Ga.— Readers of Cobb Life magazine and the Marietta Daily Journal nominated and voted Henssler Financial as Best Investment Firm, and John Dickson, CPA, CVA, CFP®, as Best Accountant in the 2021 Best of Cobb list. “We try to consistently improve our corporate culture and both client and employee experience,” said firm…
Don’t Miss Out on Tax Credits
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. The following is a summary of some of the tax credits available to individual taxpayers: