question_id stringlengths 1 5 | question stringlengths 14 158 | pos_item_ids listlengths 1 23 | pos_item_contents listlengths 1 23 |
|---|---|---|---|
1625 | Why is the stock market price for a share always higher than the earnings per share? | [
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"\"Think about the implications if the world worked as your question implies that it \"\"should\"\": A $15 share of stock would return you (at least) $15 after 3 months, plus another $15 after 6 months, plus another after 9 and 12 months. This would have returned to you $60 over the year that you owned it (plus y... |
1627 | What could a malicious party potentially achieve by having *just* a name, account number, and sort code? | [
"174292",
"123570",
"254199"
] | [
"I think the answer to this must differ from country to country. I have lived in several countries where the normal everyday way of making a payment is to instruct my bank to transfer the money to the recipient's account. Of course this means I must know his name, SC and account number – but this is an accepted p... |
1628 | What's the difference between a high yield dividend stock vs a growth stock? | [
"89973",
"470983",
"515788",
"78183",
"259904"
] | [
"\"I think Fidelity has a very nice introduction to Growth vs Value investing that may give you the background you need. People love to put stocks in categories however the distinction is more of a range and can change over time. JB King makes a good point that for most people the two stocks you mentioned would bo... |
1631 | Return of value to shareholders in an ISA | [
"89786"
] | [
"\"You will receive a combination of Verizon shares and cash whether you chose option B or C. Option B means that your \"\"Return of Value\"\" will be treated as capital - ie: as a capital gain. Option C means that your \"\"Return of Value\"\" will be treated as income - ie: as a dividend. As your ISA has favourabl... |
1632 | When filing for an NOL, do you have to file the amended previous years' returns after the NOL return? | [
"427024"
] | [
"Your CPA doesn't need to file anything, so don't worry about him being sidetracked. You are the one doing the filing. Since the amended returns have to be filed on paper, you'll actually go and mail a package to the IRS (each return in a separate envelope). The reason the CPA suggests to file the amended returns a... |
1633 | How much cash on hand should one have? | [
"81281",
"78367",
"110360"
] | [
"You seem to have a grasp of the basic principles involved, but your estimation of the risk you are taking seems a bit low. Your non-investment reserves are unlikely to cover your expenses for more than a month, so the chance that you would need to sell investments to cover additional expenses is high. You mention ... |
1634 | Do overall 401(k) contribution limits sum across employers? | [
"308255"
] | [
"Let me first start off by saying that you need to be careful with an S-Corp and defined contribution plans. You might want to consider an LLC or some other entity form, depending on your state and other factors. You should read this entire page on the irs site: S-Corp Retirement Plan FAQ, but here is a small cli... |
1635 | Indie Software Developers - How do I handle taxes? | [
"552305",
"79411",
"352136",
"134047",
"413694",
"291931"
] | [
"I think the best advice you're going to get on the subject is: If you made $250k in half a year, you definitely have enough to hire an accountant! Get professional help on the subject, and they'll make sure you don't end up getting in any legal trouble.",
"\"This is not an end-all answer but it'll get you start... |
1636 | Are Index Funds really as good as “experts” claim? | [
"452939",
"517391",
"501536",
"406768",
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"385955",
"315126",
"140875",
"291312"
] | [
"\"I actually love this question, and have hashed this out with a friend of mine where my premise was that at some volume of money it must be advantageous to simply track the index yourself. There some obvious touch-points: Most people don't have anywhere near the volume of money required for even a $5 commission o... |
1637 | Should you check to make sure your employer is paying you the correct superannuation amount? [Australia] | [
"521910",
"254206"
] | [
"As poolie mentioned, you should get online access to your account. This will do a couple of things: Also, consolidate any super you have with different companies. Now.",
"Yes, there are checks and balances. Employers can be, and have been, prosecuted for failing to pay super before the statutory timeline, which... |
1638 | Depositing a check with a DBA on the title | [
"188893"
] | [
"Assuming it's your business, endorse the check as yourself and your DBA name, payable to your personal account"
] |
1642 | What do brokers do with bad stock? | [
"62360",
"576673",
"366484"
] | [
"\"Market makers, traders, and value investors would be who I'd suspect for buying the stock that is declining. Some companies stocks can come down considerably which could make some speculators buy the stock at the lower price thinking it may bounce back soon. \"\"Short sellers\"\" are out to sell borrowed stocks ... |
1644 | UK Tax - can I claim expenses against a different tax year? | [
"280538"
] | [
"In some circumstances losses from self-employment can be offset against total income and/or capital gains. If this applies to you may be able to claim back some of the tax taken by PAYE from your day job. You can also to some extent carry the loss backwards into previous tax years or forward into the next one if ... |
1645 | Is it possible for an individual to refuse a cheque in France? | [
"345475"
] | [
"In any country, individuals (and shops) can reject any form of payment that is not Legal Tender - defined by law as a payment form that must be accepted. Shops are typically more generous, because they want to do business with you, but individuals are in a different position. In France, only official coins and bil... |
1647 | How do I estimate my taxes when I have only 1099 income? | [
"407316",
"327202"
] | [
"\"As long as you paid 100% of your last year's tax liability (overall tax liability, the total tax to pay on your 1040) or 90% of the total tax liability this year, or your underpayment is no more than $1000, you won't be penalized as long as you pay the difference by April 15th. That's per the IRS. I don't know w... |
1648 | Will my current employer find out if I have a sole proprietarship/corporation? | [
"94273",
"321743",
"266099",
"562526"
] | [
"Tell your employer during your initial contract Terms of Service discussions. Ordinarily, this is boilerplate but you should ask for a rider in your contract which says - in some form - I already have IP, I will continue to work on this IP in my own time, and any benefit or opportunity derived from this IP will c... |
1649 | standard method for learning more about a specific sector? (particularly biotech sector) | [
"209197"
] | [
"The important piece here is not necessarily understanding intimate details of biological engineering per se, but rather understanding how the business operates as a singular unit. It is also important to understand the business case for a firm, the evolution of demand for its products/services and the cost of its ... |
1652 | Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? | [
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"73918",
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"423398",
"566184",
"318929",
"536475",
"115581",
"254303",
"165100",
"574415"
] | [
"\"It's a little unusual, but I don't think the financial terms are completely unreasonable on their face. What you describe is similar to an interest-only loan, where you make payments that only cover the interest due each month, and the entire principal is due as a single \"\"balloon payment\"\" on a specified da... |
1654 | What should I consider when factoring fluctuating exchange rates into risk/return of overseas stock trading? | [
"378390"
] | [
"Which of these two factors is likely to be more significant? There is long term trend that puts one favourable with other. .... I realise that I could just as easily have lost 5% on the LSE and made 5% back on the currency, leaving me with my original investment minus various fees; or to have lost 5% on both. Yes... |
1655 | How Do Scammers / Money Launderers Profit From Loans To Victims | [
"135896",
"29813"
] | [
"\"What was the true reason they wanted to use my accounts for? We wouldn't know the true reason. The scammer can do multiple things. What exactly he would do in your case ... I am very eager to know what a person was up to who would give to me so much information about themselves. I know some of you will jump on t... |
1657 | Health Insurance and Disability Question | [
"352851"
] | [
"Sorry to hear about your spouse's health issues. May he have a speedy and, as far as possible, full recovery. The Patient Protectection and Affordable Care Act (PPACA, aka Obamacare) is now the law of the land. Among its many provisions are that insurers may no longer deny coverage for pre-existing conditions, the... |
1659 | Optimal number of credit cards for a given length of credit history | [
"192856"
] | [
"I have found that between the Discover card and a Visa/Master Card a person has everything covered. In my case the Discover card had the best deal (cash back) and the Visa/Master Card took care of those times a vendor didn't take Discover. One big Box store (Costco) did trip us up, so we did end up getting an Amer... |
1661 | How Long Can It Take For a Check I Write to Clear on My Account? | [
"1066",
"170665"
] | [
"\"There's nothing you can do. If he has indeed deposited the check, it would appear on your account fairly quickly - I've never seen it taking more than 2-3 business days. However, a check is a debt instrument, and you cannot close the account until it clears, or until the \"\"unclaimed property\"\" laws of your s... |
1668 | How to send money from europe to usa EUR - USD? | [
"254635",
"507701"
] | [
"The website http://currencyfair.com/ provides a service which gives you both a decent exchange rate (about 1% off from mid-market rate) and a moderately low fee for the transfer: 4 USD for outgoing ACH in the US, 10 USD for same-day US wire. For the reverse (sending money from the US to EU) the fees are: 3 EUR for... |
1669 | Good book-keeping software? | [
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"239484",
"222380",
"419245",
"537313",
"90432",
"2436",
"557861",
"118620",
"212384"
] | [
"You can try Wave Accounting. Its a free software for Small Business and web-based. http://waveaccounting.com/",
"The short answer is that there are no great personal finance programs out there any more. In the past, I found Microsoft Money to be slick and feature rich but unfortunately it has been discontinued a... |
1673 | Do I have to pay taxes on income from my website or profits? | [
"374264",
"418999",
"445548",
"542022",
"124505"
] | [
"I am not an accountant, but I do run a business in the UK and my understanding is that it's a threshold thing, which I believe is £2,500. Assuming you don't currently have to submit self assessment, and your additional income from all sources other than employment (for which you already pay tax) is less than £2,50... |
1677 | Is it better to ask for a raise before a spin-off / merger or after? | [
"562463",
"329310",
"149820"
] | [
"I would guess that before the spin-off, more money would be available In my experience the reverse is true. The finance folks go into overdrive tightening everything up so that budget forecasts for the transition period are as accurate and predictable as possible. This can be true 6 months out, 12 months out, etc ... |
1678 | Why do people always talk about stocks that pay high dividends? | [
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"532139",
"595625",
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] | [
"\"It has little to do with money or finance. It's basic neuroscience. When we get money, our brains release dopamine (read Your Money and Your Brain), and receiving dividends is \"\"getting money.\"\" It feels good, so we're more likely to do it again. What you often see are rationalizations because the above e... |
1680 | Impact of EIN on taxation | [
"453961",
"494880"
] | [
"\"Is it possible if (After getting EIN) I change my LLC type (disregarded entity or C type or S type or corporation or change in number of members) for tax saving ? You marked your question as \"\"real-estate\"\", so I'm guessing you're holding rental properties in your LLC. That means that you will not be abl... |
1681 | Fringe Benefits (Lodging) for single member S-Corp | [
"177074",
"598997"
] | [
"\"If you use \"\"a room or other separately identifiable space\"\" within your apartment exclusively for your business, then you might be able to recoup a fraction of your rent for that. Check the rules for home office at the IRS and adopt a consistent and well-documented approach. (I would pay your full rent out ... |
1682 | Can I write off time I spent working on my business? | [
"510716",
"302022"
] | [
"To expand a little on what littleadv said, you can only deduct what something cost you. Even if you had done volunteer work for a charity as a sole prop you could only deduct your actual costs. If you paid an employee to do charity work or to learn something related to the business that would be deductible as a no... |
1684 | How to “pay” one self in a single member LLC w/ separate checking account? | [
"192726"
] | [
"\"Basically, yes. Don't use your business account for personal spending because it may invalidate your limited liability protection. Transfer a chunk of money to your personal account, write it down in your books as \"\"distribution\"\" (or something similar), and use it in whatever way you want from your personal... |
1685 | Earnings Calendar Fiscal Quarter Ending | [
"422062"
] | [
"\"Why do stock markets allow these differences in reporting? The IRS allows businesses to use fiscal calendars that differ from the calendar year. There are a number of reasons a company would choose do this, from preferring to avoid an accounting rush at end of year during holiday season, to aligning with seasona... |
1686 | US Tax Form 1040EZ: Do I enter ALL income or ONLY income specified in W-2 forms? | [
"223624"
] | [
"Yes, you need to include income from your freelance work on your tax return. In the eyes of the IRS, this is self-employment income from your sole-proprietorship business. The reason you don't see it mentioned in the 1040EZ instructions is that you can't use the 1040EZ form if you have self-employment income. Yo... |
1687 | Australian stocks - any dividend tax or capital gains tax? | [
"73457"
] | [
"\"For non Australian residents: Dividends withholding tax rate is 30%. Depending upon your country of residence where there is a tax treaty in place to avoid double taxation, then this can be reduced. Note that only dividends that are unfranked are subject to this (in Australia, if tax has already been paid by t... |
1689 | Are there contracts for fixed pay vs. fixed pay rates? | [
"407040",
"47044",
"583817"
] | [
"Yes. I have personally signed such contracts (fixed budget software development) and lost money every single time. And yes, it is quite possible for you to get paid under minimum wage if you take too long. Scope creep is the primary culprit for these kinds of contracts, so make sure you put together iron-clad expl... |
1690 | Can we cash a check under business name? | [
"91707"
] | [
"All banks in the US that I have ever worked with will allow you to deposit checks if: In your case, you have 3 options:"
] |
1695 | How should I report earning from Apple App Store (from iTunes Connect) in Washington state? | [
"20888"
] | [
"If you're waiting for Apple to send you a 1099 for the 2008 tax season, well, you shouldn't be. App Store payments are not reported to the IRS and you will not be receiving a 1099 in the mail from anyone. App Store payments are treated as sales commissions rather than royalties, according to the iTunes Royalty dep... |
1696 | What constitutes illegal insider trading? | [
"40012",
"293842"
] | [
"\"It becomes illegal when it is both material and nonpublic information. Material being defined as: Information that you would want and significantly alters the perception of the stock. To your point -- \"\"materiality\"\" is really up to the courts Nonpublic This is a little easier to define, but need to be caref... |
1698 | If the housing market is recovering, why would a REIT index ETF (e.g. VNQ) not be performing well? | [
"313913",
"406434"
] | [
"\"VNQ only holds ~16% residential REITs. The rest are industrial, office, retail (e.g. shopping malls), specialized (hotels perhaps?) etc. Thus, VNQ isn't as correlated towards housing as you might have assumed just based on it being about \"\"real estate.\"\" Second of all, if by \"\"housing\"\" you mean that ac... |
1702 | Can my broker lock my cash account if I try to use the money from a stock sale during the three-day settlement period? | [
"119161",
"344065"
] | [
"Brokerage firms must settle funds promptly, but there's no explicit definition for this in U.S. federal law. See for example, this article on settling trades in three days. Wikipedia also has a good write-up on T+3. It is common practice, however. It takes approximately three days for the funds to be available to ... |
1703 | Is it possible to borrow money to accrue interest, and then use that interest to pay back the borrower + fees? | [
"52343",
"392980",
"121590",
"149723"
] | [
"No. The WSJ prime rate is 4.25%, even the Fed prime rate is 1.75%, way above the 1.20% you'll be making from your savings account. If you are high worth individual with great credit history, the bank might give you a personal loan at 4.25%. They won't care what you do with it as long as they get their payments. I... |
1704 | How much tax do I have to pay in Redmond, Washington form my Microsoft Research Internship income? | [
"82628"
] | [
"\"An unmarried person with a total U.S.-sourced earned income under $ 37,000 during the year 2016 is likely to owe: If the original poster is not an \"\"independent contractor\"\", and is not \"\"billing corp-to-corp\"\" then: In summary: References:\""
] |
1706 | What does this diagram from Robert Kiyosaki about corporations mean? | [
"443315",
"531370"
] | [
"It looks like RK is encouraging tax fraud. Suggesting that one have their business cover personal expenses sounds like the advice that got Leona Helmsley in hot water.",
"\"These types of diagrams appear all throughout Kiyosaki's Rich Dad, Poor Dad book. The arrows in the diagrams represent cash flow. For examp... |
1707 | Are there any Social Responsibility Index funds or ETFs? | [
"31779",
"557573",
"193050",
"264740",
"397899",
"391215",
"520781"
] | [
"Vanguard offers an index fund. Their FTSE Social Index Fund. For more information on it, go here.",
"Try this site for the funds http://www.socialinvest.org/resources/mfpc/ I'm not aware of any etfs. I'm sure some exist though.",
"TIAA-Cref has their Social Choice Equity Fund, which is a Large Blend primarily ... |
1708 | Peer to peer lending in Canada? | [
"45600"
] | [
"Yes and no, P2P Capital Markets is similar concept but is more geared towards business loans. Community Lend used to offer this service but has stopped."
] |
1710 | Washington State tax filing extension? | [
"55250"
] | [
"Washington State doesn't have a state income tax for individuals, so unless you've got a business there's nothing to file. Find out more on their website."
] |
1711 | Freehold and Leasehold for Pub/Bar? | [
"1531",
"587514",
"23074"
] | [
"\"In the strictest sense of the words, Freehold and leasehold mean what you think they do. Freehold is that you own it outright and leasehold is a rental situation. That being said, there are scenarios like what Peter K. mentioned in his comment, where you're purchasing the building and business outright, but the ... |
1713 | Is there a rule that a merchant must identify themself when making a charge | [
"594414",
"372107",
"75252"
] | [
"\"Here's an excerpt from VISA's Card Acceptance Guidelines for Visa Merchants (PDF) The merchant name is the single most important factor in cardholder recognition of transactions. Therefore, it is critical that the merchant name, while reflecting the merchant’s “Doing Business As” (DBA) name, also be clear... |
1714 | Looking to buy a property that's 12-14x my income. How can it be done? | [
"395721",
"272279",
"434437"
] | [
"\"It is your choice to have \"\"insignificant income\"\", and that has consequences. One is that you cannot borrow money to purchase a home independent of your credit score. In order to purchase a home you must also have the ability to repay in addition to a good history. IMHO your question suggest that you have... |
1717 | Working on a tax free island to make money? | [
"177575",
"122998",
"308330",
"561750"
] | [
"If you're an American, and willing to give up citizenship, good luck to you. Otherwise, Uncle Sam still wants his due -- Americans are responsible for paying taxes on income earned anywhere on earth, regardless of their residence.",
"According to Wikipedia, import duties on goods range from 5-22% on everything ... |
1721 | About to start being an Independent Contractor - Any advice on estimating taxes? | [
"569645",
"499502",
"18647"
] | [
"I agree with your strategy of using a conservative estimate to overpay taxes and get a refund next year. As a self-employed individual you are responsible for paying self-employment tax (which means paying Social Security and Medicare tax for yourself as both: employee and an employer.) Current Social Security Rat... |
1724 | Does earning as a non-resident remote worker on an American account make people liable for U.S taxes? | [
"588327"
] | [
"The United States taxes nonresident aliens on two types of income: First, a nonresident alien who is engaged in a trade or business in the United States is taxed on income that is effectively connected with that trade or business. Second, certain types of U.S.-source payments are subject to income tax withholding.... |
1725 | What is the stock warrant's expiration date here? | [
"238682"
] | [
"\"These warrants do not have a fixed expiration date, rather their expiration date is dependant upon the company completing an acquisition. Thirty days after the acquisition is complete the warrants enter their exercise period. The warrants can then be exercised at any time over the next five years. After five ... |
1728 | How do owners in a partnership earn income? | [
"78677",
"155648"
] | [
"The partnership agrees to pay each of you salaries and/or bonuses, typically based on the net profit brought in. You do have a legal document setting out the rules for this partnership, right? If so, the exact answer should be in there. If you don't or it isn't, you need a lawyer yesterday.",
"\"If you business ... |
1729 | Pay team mates out of revenues on my name | [
"224665",
"546277"
] | [
"\"Can I deduct the money that I giving to my team mates from the taxes that I pay? If yes, how should I record the transaction? Why? Why are you giving money to your team mates? That's the most important question, and any answer without taking this into account is not full. You would probably have to talk to a p... |
1730 | How do I determine how much rent I could charge for a property or location? | [
"545341",
"292447",
"375792",
"306855"
] | [
"This may not be entirely scientific, but as a landlord my usual approach is just to do a search for rental properties on Craigslist for comparable homes in the neighborhood. There are all kinds of formulas professional property managers use, but in the end these listings are the ones you are going to be competing ... |
1731 | I'm 13. Can I buy supplies at a pet store without a parent/adult present? | [
"381100",
"321475",
"319678",
"51875"
] | [
"As long as your money is green and you aren't buying something prohibited to youngsters (booze, cigarettes, etc.) I doubt any store is going to refuse your business.",
"My 12 year old routinely makes purchases with cash or a gift card (either a store's card or a Visa/Amex card that acts like credit card but is a... |
1734 | How can I find out the credit rating of a company | [
"382284",
"453549"
] | [
"You can view Standard & Poor's credit ratings here: http://www.standardandpoors.com/ratings/en/us/ You have to register with S&P to access the ratings.",
"Dunn & Bradstreet offers detailed credit reports on businesses. They are not cheap, but they appear to have information on RIOCAN."
] |
1735 | Income Tax on per Diem (Non Accountable plan) | [
"479542"
] | [
"A per diem payment is a cost of doing business for the company, not for you. They can claim it (probably); you can't (definitely)."
] |
1740 | Is This A Scam? Woman added me on LinkedIn first, then e-mailed offering me millions of dollars [duplicate] | [
"67536",
"298365",
"269917",
"405591"
] | [
"Yes. If you reply back, they'll confirm that Uncle Alex did indeed leave you $7 million, and you just need to send them a few thousand dollars for taxes and estate fees and then they'll wire you the money. And then there'll be customs fees. And then more taxes. And of course, there will be separate import fees... |
1742 | Can I claim GST/HST Input Tax Credits (ITCs) on Uber, taxi, or limousine fares? | [
"24421",
"347696"
] | [
"The Canada Revenue Agency describes in detail here what information businesses must generally include on their invoices so that GST/HST registrants can claim Input Tax Credits (ITCs) for the expenses. Quote: Sales invoices for GST/HST registrants You have to give customers who are GST/HST registrants specific in... |
1749 | Investment strategies for young adults with entrepreneurial leanings? | [
"534291",
"278197",
"493660"
] | [
"If you are an entrepreneur, and you are looking forward to strike on your own ( the very definition of entrepreneur) then I suggest that you don't invest in anything except your business and yourself. You will need all the money you have when you launch your business. There will be times when your revenue won't be... |
1754 | Settling before T+3? | [
"562458",
"327080"
] | [
"It is possible but unlikely. Securities firms would prefer never to settle externally; rather, they prefer to wait until the liabilities can be netted. They are forced to make and take payment in three business days. The reason why is because settlement is costly in the same way as any other business would prefer... |
1756 | What forms of payment am I compelled to accept? | [
"290236",
"53649",
"29849",
"376797"
] | [
"\"The confusion comes from ambiguity in popular belief -- that businesses are required to accept x_y_x as payment. In reality, a business can state the terms of a transaction to their pleasure. On the other hand, debt is different -- no lender can refuse cash or other legal tender for repayment of debt. Sometimes,... |
1758 | Is there a tax deduction for renting office space in service of employer? | [
"552356",
"531442",
"231990"
] | [
"\"I disagree with BrenBran, I don't think this is qualified as unreimbursed employee expense. For it to qualify, it has to be ordinary and necessary, and specifically - necessary for your employer. This is not the case for you, as there's no such necessity. From employer's perspective, you can work from your home ... |
1760 | Taxes paid in USA for sending money to parents in India | [
"130208"
] | [
"\"I'm not certain about international transfers, but that amount is large enough that it could be subject to gift tax. https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes Note that the threshold for this tax is \"\"per person, per person\"\". For example, if you... |
1761 | What happens if a purchase is $0.02 in Canada? | [
"134761",
"242478",
"521868",
"284680"
] | [
"As someone who works for a company that deploys POS systems in Canada, I can tell you that your best bet would be to have a configuration option that lets the client decide what to do. If they have a business practice that would allow for a sale total to be $0.01 or $0.02, they should first evaluate their business... |
1762 | Is there a bank account that allows ACH deposits but not ACH withdrawals? | [
"3336",
"333292"
] | [
"\"Yes, kinda. Talk to local banks about a business account, and tell them you want to enable certain employees to make deposits but not withdrawals. They don't need to know you're all the same person. For instance I have a PayPal account for business. These allow you to create \"\"sub accounts\"\" for your e... |
1763 | What is quotational loss in stock market? | [
"267740",
"68249",
"351025"
] | [
"\"Been a long while since I've read it but if I remember correctly with quotational loss Graham refers to an unjustified decline in stock price because of Mr. Market's fear and loathing where the business prospects of the company are actually still sound. This is opposed to \"\"actual\"\" loss of capital which he... |
1769 | Is it financially advantageous and safe to rent out my personal car? | [
"329620",
"254499"
] | [
"The moment that you start to rent your car to strangers you are talking about using your car as a business. Will it be financially advantageous? If you can convince somebody to rent your vehicle for more than your required monthly payments then it might be. Of course you have to determine what would be the true co... |
1770 | Is a website/domain name an asset or a liability? | [
"351672",
"440893"
] | [
"\"This depends on your definitions of assets and liabilities. The word \"\"asset\"\" has a fairly straight forward definition. Generally speaking, an asset in finance is something that you own/control that has economic value. The asset has value because it is generating income for you or because you expect that ... |
1771 | Doctor's office won't submit claim to insurance after 5 months | [
"358631"
] | [
"I'm a business law student, so medical stuff isn't really my specialty. I'll share with you what I know though. First, as to the legality, I'm not aware of anything making it illegal for them to consider their business with you concluded. Absent any contract between you and the doctor, it seems to me that you agre... |
1773 | Legitimate unclaimed property that doesn't appear in any state directory? | [
"333844",
"347760",
"365333",
"364316",
"523792",
"252758"
] | [
"\"Most states have a \"\"cap\"\" on the amount a \"\"heir finder\"\" can charge for retrieving the property. It is generally around 10%. Even if the state does not have a particular statute you can usually negotiate the rate with the company. Thirty-percent is extortion, if they won't do it for less, someone el... |
1774 | Uncashed paycheck 13 years old | [
"567193",
"499028",
"43370"
] | [
"Under US law, a bank is not obligated to honor a check that is more than six months old. § 4-404. BANK NOT OBLIGED TO PAY CHECK MORE THAN SIX MONTHS OLD. A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after... |
1775 | How do I deduct payments to others out of a single payment to the group for contract work? | [
"496947"
] | [
"You send the proper form to the other person for the amount you gave him, and file it as your business expense on your Schedule C."
] |
1777 | Is there a correlation between self-employment and wealth? | [
"383088",
"549915",
"59729",
"45607"
] | [
"In a well-managed company, employees bring more dollars to their employers than the employers pay the employees (salary and benefits). Employees trade potential reward for security (a regular paycheck). Employers take on the risk of needing to meet payroll and profit from the company's income, minus expenses. Th... |
1778 | Tax benefits of recycling | [
"390614",
"156391",
"434619"
] | [
"If they charge a fee to accept an item, it's reasonable to assume the item has insignificant value, so the only tax-deductible bit would be the money you donated to their charity. What you describe sounds like a fee for service, not a charitable donation. The organization should provide a fee breakdown to show wha... |
1782 | How Emini/Minifuture price is set against its underlaying instrument? | [
"158816"
] | [
"The market sets prices and the way JP Morgan or any other bank or organization determines the price it's willing to deal in would be proprietary business information."
] |
1784 | What is the lifespan of a series of currency? | [
"200136",
"119853",
"494618"
] | [
"In general, currency has no expiration date. Specifically, in Canada, the Bank of Canada has been issuing banknotes since 1935, and these are still considered legal tender, even though they don't look much like the modern banknotes. Before that, Canadian chartered banks issued currency, and these also still have ... |
1785 | Is there a financial benefit for buyers from using community currencies? | [
"273790"
] | [
"Short answer: NO, there is no financial benefits for you to expect in a local currency even if some might give tiny discounts on local sales. Local currencies are attractive for small business or communities, they are perfectly legal and starting to be popular in a lot of places. Local currencies encourage individ... |
1786 | What is the difference between the asset management division in an investment bank and an investment company? | [
"224345"
] | [
"I would say that there is no real difference. Asset management companies that is part of large banking groups usually seat in separate entities and operate independently from the rest of the bank. Assuming proper procedures (and regulators usually check that) are in place they will not share information with the ... |
1787 | If a country can just print money, is global debt between countries real? | [
"565356",
"99797",
"194335",
"445089",
"373346",
"345823"
] | [
"The debt is absolutely real. China loans money to US via buying the US treasury bonds. The bond is essentially a promise to pay back the money with interest, just like a loan. As you point out, the US can print money. If this were to happen, then the USD that the owner of a treasury bond receives when the bond mat... |
1792 | Why would a company sell debt in order to buy back shares and/or pay dividends? | [
"252471",
"180345",
"380945",
"552562",
"574319",
"285524"
] | [
"I believe that article provides some good reasons, though it may be a bit light on technical details and there are likely other reasons a company would do it. So, if they can finance for less then they would lose to taxes by bringing the money home and they do not take on too much debt, this will likely work just ... |
1795 | Can I depreciate a car given to me? | [
"278082",
"176090"
] | [
"That seems to indicate that you can in fact depreciate a vehicle given to you? Section 1015 discusses the calculation of basis for gifted property, it says nothing about depreciation. Personal property cannot be depreciated for tax purposes unless it is used for business purposes. So unless you drive your car as... |
1797 | New Pooled Registered Pension Plan details? | [
"404587"
] | [
"The general idea of the PRPP is so that small business who cannot afford to offer a plan alone will be able to pool resources with others along with self-employed to create voluntary, defined-contribution pension plans that would be managed by private sector financial institutions. The PRPP concept would offer mor... |
1798 | Whats the difference between day trading and flipping and their tax implications? | [
"278460"
] | [
"Flipping usually refers to real-estate transaction: you buy a property, improve/renovate/rehabilitate it and resell it quickly. The distinction between flipper and investor is similar to the distinction between trader and investor, even though the tax code doesn't explicitly refer to house flipping. Gains on house... |
1803 | Getting Cash from Credit Card without Fees | [
"20210",
"501976",
"304006",
"395068"
] | [
"Nope. Or at least, if it were possible the company offering such a credit card would quickly go out of business. Credit card companies make money off of fees from the merchants the user is buying from and from the users themselves. If they charged no fees to the user on cash advances and, in fact, gave a 3% back o... |
1804 | Dormant company, never paid taxes, never traded in UK - should I have notified the HMRC? | [
"549645"
] | [
"You don't have to register for corporation tax until you start doing business: After you’ve registered your company with Companies House, you’ll need to register it for Corporation Tax. You’ll need to do this within 3 months of starting to do business. Since you haven't needed to do that yet, there also shouldn't ... |
1806 | Side work and managing finances? | [
"272248",
"536849"
] | [
"\"I have done similar software work. You do not need an LLC to write off business expenses. The income and expenses go on Schedule C of your tax return. It is easy to write off even small expenses such as travel - if you keep records. The income should be reported to you on a 1099 form, filled out by your client, ... |
1807 | What happens when PayPal overdrafts a checking account (with an ample backup funding source available)? | [
"312515",
"182684",
"237397"
] | [
"You should check directly with the seller. I suspect you will find they have not recieved any money. Paypal tend to hang on to money as long as possible in all transactions, and will do anything to avoid giving out cash before it has come in.",
"PayPal will be contacting you shortly, I'm sure. You'll see the re... |
1810 | Moonlighting as a software developer: employee or independent contractor w/ LLC? | [
"316074"
] | [
"\"I've been in a similar situation before. While contracting, sometimes the recruiting agency would allow me to choose between being a W2 employee or invoicing them via Corp-2-Corp. I already had a company set up (S-Corp) but the considerations are similar. Typically the C2C rate was higher than the W2 rate, to ac... |
1811 | W-8BEN? What's the tax from selling my software to a U.S. company, from abroad? | [
"397510",
"468049"
] | [
"You should not form a company in the U.S. simply to get the identification number required for a W-8BEN form. By establishing a U.S.-based company, you'd be signing yourself up for a lot of additional hassle! You don't need that. You're a European business, not a U.S. business. Selling into the U.S. does not re... |
1817 | My tenant wants to pay rent through their company: Should this raise a red flag? | [
"482483",
"144129",
"577284"
] | [
"\"I disagree with the other respondents. If your tenant is an individual, renting in their individual capacity, there is no reason they need your SSN. They will not be sending a 1099 to you. If your tenant is a business, then your property is not a residential property. It is at least a \"\"corporate housing\"\", ... |
1818 | Tools for comparing costs between different healthcare providers? | [
"329781",
"1937"
] | [
"\"There really isn't any good ways that I'm aware of. (The exception is in New York or California, where hospitals must post prices.) The law sets price floors on many procedures by setting Medicare and Medicaid reimbursement rates. As a result, the \"\"list price\"\" for a given procedure is dramatically inflated... |
1821 | How are investment funding valued when invested in a company before it goes public? | [
"577381"
] | [
"This is a question of how does someone value a business. Typically, it is some function of how much the company owns, how much the company owes, how risky is the company's business, and how much the company makes in profit. For example if a company (or investment) make $100/year, every year no matter what, how m... |
1822 | If a employers supposed to calulate drive time pay with your weekly gross pay | [
"192843",
"214143"
] | [
"\"Reimbursements for business expenses are generally not taxable, but the commute from home to the job and back is not considered business travel and if they're paying for that it is taxable income. I don't think carpooling changes that, but I am not a tax lawyer or accountant. The rest of your questions seem to b... |
1823 | How to manage 20 residential apartments | [
"180686",
"271102",
"321314"
] | [
"If he can't manage, best is he sells it off. Its easier to manage cash. Not sure what tax you are talking about. He should have already paid tax on fair market value of the 20 flats. If the intention of Mr X is to gift to son by way of death, then yes the tax will be less. Else whenever Mr X sells there will be ta... |
1831 | My boss wants to buy me a gift. How do I account for taxes for this? | [
"91466",
"409611"
] | [
"\"Gifts given and received between business partners or employers/employees are treated as income, if they are beyond minimal value. If your boss gives you a gift, s/he should include it as part of your taxable wages for payroll purposes - which means that some of your wages should be withheld to cover income, soc... |
1833 | What types of careers consistently make the most money entering with no background or social skills? | [
"105620",
"462193"
] | [
"\"You may think it sucks to have learned a crap ton of category theory, which is seemingly useless outside of academia, but have you considered picking up a \"\"functional\"\" programming language, e.g. Haskell? How about Java or, more recently, Scala? I would bet that you would love Haskell. And then you can ma... |
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