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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Buy a prepaid gift card, such as a MasterCard or Visa gift card. You can find ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Some (most) credit cards have a way to get a one-time use number. If that is a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Here's one option: Telephone is a lower-tech yet relatively more secure means...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Most people cannot use pgp/gpg and setting it up would, in order to do that co...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? ### Answer: Your biggest risk with a vendor like this is not that your Credit Card Number ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: As a shareholder, what are the pros and cons of a Share Consolidation and Return of Capital? ### Answer: The basic theoretical reason for a company to return money to shareholders is that the company ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: The idea you present is not uncommon, many have tried it before. It would be a great step t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: A lot of people do this. For example, in my area nice townhouses go for about $400K, so if y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This is a reasonable idea and many people have done it. But there are some risks that you ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This is a common and good game-plan to learn valuable life skills and build a supplemental i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This is a well worn path and not a bad idea. There are quite a few pitfalls but there are a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: This can be done, and there have been many good suggestions on things to do and watch out fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: I have done something similar to this myself. What you are suggesting is a sound theory and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does this sound like a great idea regarding being a landlord and starting a real estate empire? ### Answer: BEFORE you invest in a house, make sure you account for all the returns, risks and costs, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theory/Strategy for pricing by volume ### Answer: Actually, the rate of change could be more or less constant, but you might have a minimum price that represents your fixed costs. So you might sell a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Pros/cons of drawing income in retirement from sole-owner corporation vs. sole-proprietorship? ### Answer: Not really, no. The assumption you're making—withdrawals from a corporation are subject to "[...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time consultant, doubts on Taxation ### Answer: 1.If the compensation that I receive is over 10 lakhs, how much would be deducted as tax No tax will be deducted by the company. You have to calcu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time consultant, doubts on Taxation ### Answer: I would look into the possibility that the promise "that no taxes will be withheld" is all about your status as a 'consultant'. They may be meani...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: First time consultant, doubts on Taxation ### Answer: This is how a consulting engagement in India works. If you are registered for Service Tax and have a service tax number, no tax is deducted at sou...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: Robert Kiyosaki's is basically a get-rich quick author. But to answer your question: It is a sales pi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: As with any business, there's a huge learning curve. Rich Dad gives you the fundamentals.. which are s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: Kiyosaki says his methods of actions are not suitable for the average investor. They are meant for tho...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? ### Answer: I have taken the free Kiyosaki evening course, and it does give some good information. It is an upsell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: For some situations, an MBA can be overrated in the sense that given the cost of time and money, it isn't going to be a great return in some ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: The quality of the MBA is really what decides if it's worth it. You have to make sure the school where you are going to is highly regarded or...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: There is a distinct difference between 'having a degree' and 'being genuinely smart and business savvy'. If you're genuinely smart and busine...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is the MBA an overrated degree/qualification? ### Answer: It depends on what you want it for If it is just salary then maybe not, for instance, some MBA programs may suggest their graduates make $100...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Self employed as IT consultant and as massage therapist: Do I need 2 HST numbers? ### Answer: Given your clarifying points, it sounds like you are running both businesses as one combined business. As ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxable Website Ad Revenue ### Answer: I'm not a tax advisor, but I've done freelance work, so... If any of your side-business revenue is reported on a 1099, you're now a business owner, which is why ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Taxable Website Ad Revenue ### Answer: If the $5000 is income, then you need to pay income taxes on it. That's simply the way it works. Hourly rate has nothing to do with whether or not you pay taxe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK - reclaim VAT on purchases for freelance work ### Answer: If you mostly do work for businesses/individuals who are VAT registered it's a no-brainer to become VAT registered yourself... Although you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK - reclaim VAT on purchases for freelance work ### Answer: You are either VAT registered or you are not VAT registered. If you are not VAT registered, then you are not allowed to charge customers V...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: The HMRC has a dedicated self-help/learning site that is helpful here: It's important to tell HMRC that you are self-...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: The difference between a hobby and a business is income. Yes, every country I know of allows you to do something as a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How is taxation for youtube/twitch etc monetization handled in the UK? ### Answer: Unless your video does very well, it's unlikely that your income from it will exceed your expenses incurred in making...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Dividends are not fixed. A profitable company which is rapidly expanding, and thus cash-strapped may very well skip dividend...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: A share of stock is a share of the underlying business. If one believes the underlying business will grow in value, then one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: One way to value companies is to use a Dividend discount model. In substance, it consists in estimating future dividends and...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Also note that a share of voting stock is a vote at the stockholder's meeting, whether it's dividend or non-dividend. That h...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Instead of giving part of their profits back as dividends, management puts it back into the company so the company can grow ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: A Company start with say $100. Lets say the max it can borrow from bank is $100 @ $10 a year as Interest. After a years say,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: As an owner of a share of a business you also "own" profits made by the business. But you delegate company management to rei...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Yes, I agree with you. Saying that the value of the stock will grow as the company grows and acquires more assets ... I don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What gives non-dividend stocks value to purchasers? [duplicate] ### Answer: Most companies are taken over. One can reasonably guess that company X will be taken over for a price P, at some future poin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: It makes no difference for tax purposes. If you are 1099, you will pay the same amount of taxes as if you formed a corp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: I'll just re-post my comment as an answer as i disagree with Michael Pryor. According to this article (and few others) ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: Unless the amounts involved are very small, it is MUCH better to incorporate. First, incorporation gives you limited li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: If you start an LLC with you as the sole member it will be considered a disregarded entity. This basically means that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: There is some benefit to creating a corporation or LLC -- you theoretically have a liability shield. As Michael Pryor p...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which is better when working as a contractor, 1099 or incorporating? ### Answer: I am surprised no one has mentioned the two biggest things (in my opinion). Or I should say, the two biggest things to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: You are correct that a share of stock in a company has zero intrinsic value. Even if the company typically pays dividends, there's no guara...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: I probably don't understand something. I think you are correct about that. :) The main way money enters the stock market is through investo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: When you own stock in a company, you do literally own part of the business, even if it's a small portion. Anyone amassing over 50% of shares...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: With regards to "the stock market," there are actually two markets involved here: PRIMARY MARKET Value is created in the primary market wher...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: Let's say that you bought a share of Apple for $10. When (if ever) their stock sold for $10, it was a very small company with a very small n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: It's not a ponzi scheme, and it does create value. I think you are confusing "creating value" and "producing something". The stock market do...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: In general, I think you're conflating a lot of ideas. The stock market is not like a supermarket. With the exception of a direct issue, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: The stock market exists for two reasons. It lets companies raise money to invest, and it lets company owners cash out and get money instead ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: When you own a share, you also own a vote (in most cases). That vote is your means of controlling the assets and management of the company. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does the stock market create any sort of value? ### Answer: You are right, it is a Ponzi scheme unless it pays all of the profits as dividends. Here's why: today's millenials are saving a lot less, an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Hours and Valuations ### Answer: Company values (and thus stock prices) rely on a much larger time frame than "a weekend". First, markets are not efficient enough to know what a companies sale...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Hours and Valuations ### Answer: Stock values are generally reflective of a company's overall potential; and to some extent investor confidence in the prospect of a continued growth of that pot...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: This is fraud and could lead to jail time. The vast majority of people cannot obtain such loans without collateral and one...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: This is called a fraudulent conveyance because its purpose is to prevent a creditor from getting repaid. It is subject to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: Note that in the UK at least this scam - not so dissimilar from what you propose - seems be perfectly legal behaviour: Evi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Borrowing 100k and paying it to someone then declaring bankruptcy ### Answer: This sounds like a crazy idea, but in reality people don't make the wisest decisions when considering bankruptcy in Austra...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does getting a 1099 from another state count as working in another state if I was physically in my home state? ### Answer: This depends on the state law. In case of the State of New York - these are t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does getting a 1099 from another state count as working in another state if I was physically in my home state? ### Answer: You might need to check yes... but I would check out New York's nonresident i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: American taxes if living outside the US and get paid by US company on a US bank account ### Answer: I agree with Joe, having the money deposited to the US bank account may land you in trouble. Technic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: American taxes if living outside the US and get paid by US company on a US bank account ### Answer: Technically, if you earn in US (being paid there, which means you have a work visa) and live in othe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does HMRC (the UK tax agency) view as valid expenses for travel? ### Answer: Food is almost never a valid expense. Reason for it is simple - if you were not conducting business you would have to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India? ### Answer: You can receive money directly into your savings bank account. It is pe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India? ### Answer: There is no reason for you to open a firm. However, it will help you, i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Additional credit card with different limit on same account? ### Answer: You can look into getting a business credit card. When I had my Chase business credit card, I could add authorized users to the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Additional credit card with different limit on same account? ### Answer: Generally not. Since authorized user cards are the same account and the difference between the two (the original and the AU ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joint Account for Common Earnings ### Answer: Short Answer: Go to the bank and ask them about your options for opening a business account. Talk to an attorney about the paperwork and company structure...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joint Account for Common Earnings ### Answer: Do not use a shared bank account. One of you can cash/deposit the check in your personal account and then either pay the others in the group cash or writ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for paying off my Student loans ### Answer: My advice is that if you've got the money now to pay off your student loans, do so. You've saved up all of that money in one year's time. If yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for paying off my Student loans ### Answer: Considering I'm in a nearly identical situation, I'll speak to my personal strategy and maybe there's some value for you as well. You have ~$22...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Strategies for paying off my Student loans ### Answer: Starting up a company is fun, stressful, and exciting. It's also often a lot harder than you expect. Income, revenue, and cash flow are big conce...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT? ### Answer: It's quite common for VAT-registered businesses to quote ex-VAT prices for supply to other busi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT? ### Answer: If an item costs £10 excluding VAT, and you buy it from a VAT registered company, you will have...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT? ### Answer: It looks like there's some confusion about the purchase price and reclaiming VAT. You should pa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: I am not VAT registered. Do I need to buy from my supplier with excl VAT prices or incl VAT? ### Answer: You only pay VAT if you buy from a VAT-registered company; if they are not registered, you don'...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: US resident with Canadian income via T4A-NR ### Answer: As per the Canada-U.S. Tax Treaty (the “Treaty”), a U.S. corporation carrying on business in Canada is only subject to taxation on income earned...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Cap lower than Shares Outstanding x Share Price? ### Answer: The definition of market cap is exactly shares oustanding * share price, so something is wrong here. It seems that the share price i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Market Cap lower than Shares Outstanding x Share Price? ### Answer: You are comparing "market caps" and "enterprise value". If the company has four billion dollars cash in the bank, then the value wo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there a White-list of Trusted Online Vendors? ### Answer: I'm going to go with "ridiculous notion." :) The vast majority of businesses are legitimate, run by honest people trying to earn a living...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: It would involve manual effort, but there is just a handful of exclusion...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: I think the answer to your question is no, in theory. By screening out f...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: You could certainly look at the holdings of index funds and choose index...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: It sounds like you need an index fund that follows so called Sustainabil...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How can I invest in an index fund but screen out (remove) certain categories of socially irresponsible investments? ### Answer: Hmm, this would seem to be impossible by definition. The definition of ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a cash account can someone trade all day on it? ### Answer: No, you cannot. The cash settlement period will lock up your cash depending on the product you trade. Three business days for stocks,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a cash account can someone trade all day on it? ### Answer: According to Regulation T, you can make as many day trade (round trip) stock purchases using a cash account as long as you have the fu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: I'm not an expert, but here is my best hypothesis. On Microsoft's (and most other company's) cash flow...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: Increase in A/R in balance sheet includes the A/R of acquired businesses. Change in A/R in cash flow s...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: It is difficult to reconcile historical balance sheets with historical cash flow statements because th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why doesn't change in accounts receivable on balance sheet match cash flow statement? ### Answer: QUICK ANSWER What @Mike Haskel wrote is generally correct that the indirect method for cash flow state...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does Ontario's HST come into effect? ### Answer: It looks like the HST will be in effect in Ontario on July 1st, 2010. As to whether it will replace GST with HST for all services, it looks like...