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Category Archives: Tax

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Dec302017

In the News: Eye on Your Money: Not All Business Tax Cuts Are Simple

Blog, In The News, TaxBy Henssler FinancialDecember 30, 2017

Hannity finance expert and Principal of Henssler Financial, Bil Lako, CFP®, weighs in on the new tax bill.

Dec292017

Employee vs. Independent Contractor – Tips for Business Owners

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialDecember 29, 2017

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.

Dec272017

Gambling – Income Tax Conundrum

Blog, TaxBy Henssler FinancialDecember 27, 2017

There are far more issues related to gambling than you might imagine, and they may be impacting your taxes more than you know. We explain in this week’s Tax Tip.

Dec222017

In the News: The Long-Awaited Tax Reform Bill

Blog, In The News, TaxBy Henssler FinancialDecember 22, 2017

In today’s Marietta Daily Journal, Bil Lako, CFP®, delves into the Tax Reform Bill and how to navigate going forward.

Dec182017

MAGI and the Gift of an Income-Related Monthly Adjustment

Case Study, Personal Finance, Retirement, TaxBy Henssler FinancialDecember 18, 2017

Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Managing Associate K.C. Smith, CFP®, who take a look at a couple who received a recommendation to reduce their modified adjusted gross income to avoid paying more for Medicare.

Dec142017

Early Year-End Tax Planning To Take Advantage Of Possible Tax Reform

Blog, TaxBy Henssler FinancialDecember 14, 2017

We warned you! Tax laws do change, and we’re approaching what could be a BIG change. Thankfully there is still time and moves to make that may reduce your 2017 tax bill. Read all about it in this week’s Tax Tip.

Dec132017

It’s Time for Baby Boomer RMDs!

Blog, Retirement, TaxBy Henssler FinancialDecember 13, 2017

Baby boomers are turning 70½ at a fast clip—about 10,000 per day! If you’re a baby boomer, it’s time to take required minimum distributions seriously because penalties are steep!

Dec82017

The Ultimate Cheat Sheet on Growing Your Business

Blog, Business Owner/Self Employed, TaxBy Henssler FinancialDecember 8, 2017

Key Performance Indicators help business owners know how their company is performing, and they can be used as a guiding point for every decision made within the company. We explain in this week’s Business Tip.

Dec62017

Ignoring IRS Notices Only Makes It Worse

Blog, TaxBy Henssler FinancialDecember 6, 2017

Remember all those tax documents you get? The 1099s, W2s, K-1s? The IRS also receives a copy, and they can match it to what you report. Omit one and you’ll get a letter. We explain in this week’s Tax Tip.

Nov292017

Converted Your Traditional IRA to a Roth IRA? Worried You May Have Done it too Soon if Tax Reform Passes?

Blog, Retirement, TaxBy Henssler FinancialNovember 29, 2017

You can convert your traditional IRA to a Roth IRA this year, and if tax laws change in your favor, you can recharacterize the conversion for 2017 and then re-convert for 2018. We explain in this week’s Tax Tip.

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