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Mark Henricks

Mortgage, Retirement and Investing Expert

Mark Henricks has reported on personal finance, investing, retirement, entrepreneurship and other topics for more than 30 years. His freelance byline has appeared on CNBC.com and in The Wall Street Journal, The New York Times, The Washington Post, Kiplinger’s Personal Finance and other leading publications. Mark has written books including, “Not Just A Living: The Complete Guide to Creating a Business That Gives You A Life.” His favorite reporting is the kind that helps ordinary people increase their personal wealth and life satisfaction. A graduate of the University of Texas journalism program, he lives in Austin, Texas. In his spare time he enjoys reading, volunteering, performing in an acoustic music duo, whitewater kayaking, wilderness backpacking and competing in triathlons.

Posts by Mark Henricks:

by Mark Henricks Sep 03, 2020

A sole proprietorship is a simple type of business or enterprise that is owned and run by a single person. Sole proprietorships are subject to different rules than other types of businesses. Read more

by Mark Henricks Dec 19, 2019

If you own a small business and run it for a profit, you can likely deduct the costs incurred. Small business tax deductions reduce your taxable profits and, therefore, business taxes. From home office expenses to advertising bills, here are some small business tax deductions owners can claim. Read more

by Mark Henricks Dec 16, 2019

Smart business tax planning can make a big difference for your company. Each of the more than 30 million small businesses in the United States probably has a different ideal tax planning strategy. However, there are some generally applicable approaches. Many or even most small businesses could use one or more of these to save on income taxes. If you’re a business owner looking to minimize the impact of taxes, here’s what you need to know. Read more

by Mark Henricks Dec 15, 2019

Businesses don’t know when disasters might strike or how big a bite they’ll take from their income. A business continuity plan is important for businesses trying to predict the unpredictable. It can… Read more

by Mark Henricks Dec 13, 2019

When used to refer to an owner of a business, the term “principal” can be a designation for any of several positions and entail a range of key responsibilities. But the rubric under which all the… Read more

by Mark Henricks Dec 05, 2019

A Certified College Planning Specialist (CCPS) is a financial professional who helps families prepare for the costs of college. These experts are able to help fill out financial aid forms and answer… Read more

by Mark Henricks Nov 27, 2019

Fiduciary liability insurance protects companies from lawsuits if they makes errors or fails to act in employees’ best interests. For example, if beneficiaries of a 401 (k) plan accuse administrators… Read more

by Mark Henricks Nov 25, 2019

Selling a small business means income, and income means income taxes. But the way you structure the deal can make a major difference in how much of the sale price goes to taxes, and how much stays… Read more

by Mark Henricks Nov 25, 2019

Thinking about selling your business? There are several ways to calculate the selling price of a business — but not everyone agrees on what method is best. Here’s a breakdown of the most popular… Read more

by Mark Henricks Jan 15, 2020

Several factors distinguish S Corp vs C Corp tax advantages. Choosing to become a C Corp or S Corp can have a sizable effect on a business’s future, growth, and investor base. There’s no easy answer… Read more

by Mark Henricks Nov 23, 2019

If you have a limited liability company (LLC), electing to tax it an S corporation could be helpful. Numerous factors could help your decision. How do you treat your income? Will you use some of it… Read more

by Mark Henricks Jan 08, 2020

The Series 27 Financial and Operations Principal (FINOP) is a license that allows its holder to oversee the financial operations in one specific organization, namely a member firm brokerage. Also,… Read more

by Mark Henricks Oct 12, 2020

Excise taxes apply to specific goods and services. Businesses that make or sell chosen goods and services pay most of these taxes. As a consumer, you generally won’t get a bill for excise tax. If you… Read more

by Mark Henricks Dec 15, 2020

Simply put, an entrepreneur is someone who starts a business. But in the age of Bill Gates, Jeff Bezos and Elon Musk, entrepreneurs hold a revered place in the public imagination. They have become… Read more

by Mark Henricks Jan 15, 2020

An investment professional who supervises municipal securities trading for a securities firm or bank dealer needs a Series 53 license. The Series 53 exam, also called the Municipal Securities… Read more

by Mark Henricks Nov 12, 2019

No matter where you are in your career, sooner or later you’ll be approaching retirement. While you should start saving now for your post-working life, consulting with a certified retirement… Read more

by Mark Henricks Jan 15, 2020

The Series 9 and Series 10 exams assess the attributes a general securities sales supervisor needs for their job. They are administered by the Financial Industry Regulatory Authority (FINRA). They’re… Read more

by Mark Henricks Nov 04, 2019

Thousands of people reach retirement age every day, and millions more will turn 65 in the next decade. Many of them, even those who have funded a comfortable retirement, have neglected an estate plan… Read more

by Mark Henricks Nov 12, 2019

A Certified Wealth Strategist (CWS) is a professional who has attained a higher level of education and training in financial planning. As the name suggests, they specialize in working with high net… Read more

by Mark Henricks Oct 29, 2019

The Federal Open Market Committee (FOMC) is a twelve-member body that sets and implements monetary policy for the Federal Reserve System. It does this through what it calls open market operations –… Read more

by Mark Henricks Oct 28, 2019

Restricted stock has become a common offering among employers in the last twenty years. There are two main types: restricted stock awards (RSA) and restricted stock units (RSU). Both can be lucrative… Read more

by Mark Henricks Oct 25, 2019

A Fellow of the Secure Retirement Institute (FSRI) is well versed in what it takes to retire in a sustainable way. As a result, their knowledge covers a broad range of retirement topics, from… Read more

by Mark Henricks Nov 25, 2020

A certified exit planner (CExP) can help even young business owners start planning for their eventual departure from the firm they helped grow. It can be a difficult process and many business owners,… Read more

by Mark Henricks Jan 08, 2020

Disposable income is a key concept in budgeting, as it refers to the income that’s leftover after you pay taxes. It’s sometimes known as your net pay. Note that this is distinctly different from… Read more

by Mark Henricks Sep 27, 2019

Market capitalization, often abbreviated as market cap, is a measure of a public company’s overall value as set by the market. Market cap can be used to compare companies. It is also a tool to help… Read more