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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: In general you must charge HST on and after July 1, 2010. However, in the case of delivered sales, you must charge HST if the transfer of goods wi...
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: (community wiki) Ontario special HST sales tax transition rebate cheques: When and how much? What will happen to quarterly GST cheques when HST st...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does a low PE ratio not indicate a good stock? ### Answer: Yes, there are situations where a stock is a bad buy in spite of a low PE. PE ratio tells you the current share price divided by the pri...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does a low PE ratio not indicate a good stock? ### Answer: PE can be misleading when theres a good risk the company simply goes out of business in a few years. For this reason some people use PEG...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When does a low PE ratio not indicate a good stock? ### Answer: Some companies have a steady, reliable, stream of earnings. In that case, a low P/E ratio is likely to indicate a good stock. Other comp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are in-kind donations from my S-Corp tax-deductible in any way? ### Answer: You should probably have a tax professional help you with that (generally advisable when doing corporation returns, even if ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are in-kind donations from my S-Corp tax-deductible in any way? ### Answer: The relevant IRS publication is 526, Charitable Contributions. The section titled "Contributions you cannot deduct" begins o...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What does the settlement date of short interest mean? ### Answer: At the bottom of the page you linked to, NASDAQ provides a link to this page on nasdaqtrader.com, which states Each FINRA member firm ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to explain an income discrepancy to the IRS? ### Answer: The IRS doesn't tax "increased wealth" They tax Revenue -- income. If this money or property came to you as a gift, you would owe no tax ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I look for private limited partnership investment opportunities? (Or should I?) ### Answer: Investing in an existing company is almost like buying a house, or even becoming an "Angel investor" ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If earning as freelancer, is it better to be a Sole Trader or Limited Company? ### Answer: As I understand it (please correct me if i'm wrong, i've looked at this before and i've been a sole trader br...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: If earning as freelancer, is it better to be a Sole Trader or Limited Company? ### Answer: Source Sole trader If you start working for yourself, you’re classed as a self-employed sole trader - even ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) ### Answer: As far as I know any business can register for VAT regardless of the nature of the business. If all the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) ### Answer: IANAL, I have not been VAT registered myself but this is what I have picked up from various sources. You...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) ### Answer: You cannot "claim back" VAT. What happens is that if you sell goods with VAT and charge customers VAT, y...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: Put one of your monthly bills on it. (Utility bill, Netflix, monthly donation to charity, etc.) I have several automatic, recurring mon...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: credit cards are almost never closed for inactivity. i have had dozens of cards innactive for years on end, and only one was ever closed...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: I agree with the rest of the answers -- you're probably better off just using it for some predictable flat-rate recurring monthly servic...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Automatic transaction on credit card to stay active ### Answer: Putting money into your Amazon gift card balance is also a very convenient option, but I like these recurring Red Cross and Wikipedia id...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: Company X located outside a military base offer discounts to military as a form of marketing. They want to encourage...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: Nope, only base commissaries or BX/PX's are subsidized. The rest is just done for goodwill/marketing purposes. ###en...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are stores that offer military discounts compensated by the government? ### Answer: This story is about military grocery stores - i.e.: grocery stores for military personnel on military bases. There a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: At any given moment, one can tally the numbers used for NAV. It's math, and little more. The Market Cap, which as you understand is a resu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: NAV is how much is the stuff of the company worth divided by the number of shares. This total is also called book value. The market cap i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: I think the key concept here is future value. The NAV is essentially a book-keeping exercise- you add up all the assets and remove all th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between Market Cap and NAV? ### Answer: Market caps is just the share price, multiplied by the number of shares. It doesn't represent any value (if people decide to pay more or l...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: The short answer is yes you probably can take the deduction for a home office because the spa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: Talk to a tax professional. The IRS really doesn't like the deduction, and it's a concept (li...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: The general rule is: Generally, in order to claim a business deduction for your home, you mus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can I claim a tax deduction for working from home as an employee? I work there 90% of the time ### Answer: 90% sounds like "principal place of business" but check these IRS resources to make sure. ###...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay Income Tax if i am running a escrow service in India ### Answer: This may be closed as not quite PF, but really "startup" as it's a business question. In general, you should talk to ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay Income Tax if i am running a escrow service in India ### Answer: As JoeTaxpayer has mentioned, please consult a lawyer and CA. In general you would have to pay tax on the profit you ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay Income Tax if i am running a escrow service in India ### Answer: Income Tax would only be levied on the 10% commission that you earn and not on the total amount kept in the Escrow Acc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay quarterly 1040 ES and 941 (payroll)? ### Answer: Don't overthink it. As an employee, whether of your own corporation or of someone else, you get a salary and there are deductions take...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay quarterly 1040 ES and 941 (payroll)? ### Answer: I'm not sure why you're confusing the two unrelated things. 1040ES is your estimated tax payments. 941 is your corporation's payroll t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I need to pay quarterly 1040 ES and 941 (payroll)? ### Answer: I think I may have figured this out but if someone could double check my reasoning I'd appreciate it. So if my company makes $75000 an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: You'll own whatever fraction you bought. To own the company (as in, boolean - yes or no) you need to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: Owning more than 50% of a company's stock normally gives you the right to elect a majority, or even...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: I believe Tom Au answered your key question. Let me just add in response to, "What if someone was ju...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: The usual pattern is that shareholders don't run companies in a practical sense, so "if someone was ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: I almost agree. I am not completely sure about the ownership of stock, but to have the majority owne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: The person holding the majority of shares can influence the decisions of the company. Even though th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: It is also worth noting that one of the character defining features of a publicly traded company is ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Theoretically, if I bought more than 50% of a company's stocks, will I own the company? ### Answer: You guys seem to have forgotten the most important part of this equation ... i work for a bank and I...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do you find an ethical, honest independent insurance broker in Canada? ### Answer: How do you find an ethical, honest practitioner of any business? One: Make a small transaction with them and see ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a self-directed IRA to buy vacation condo, rent it out to an LLC for $1 ### Answer: Self directed IRAs have rules to prevent self-dealing of this sort called "prohibited transactions". You can't...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Using a self-directed IRA to buy vacation condo, rent it out to an LLC for $1 ### Answer: I don't quite understand your thought process here. First, in a tax-advantaged retirement account you are NOT...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I have to pay taxes for Australia if I have an Australian bank account? ### Answer: Because you actually reside in New Zealand, your income taxes will be paid in New Zealand. However, as a non-re...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I have to pay taxes for Australia if I have an Australian bank account? ### Answer: After reviewing the tax treaty between New Zealand and Australia, I think the issue is whether or not you have ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will I have to pay taxes for Australia if I have an Australian bank account? ### Answer: If you are a resident of New Zealand for tax purposes, you will be taxed in New Zealand on all of your "worldwi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: There generally isn't much in the way of real identity verification, at least in the US and online. The protection you get is that with most c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: As far as I'm aware, PINs are only used for in-person transactions, not 'remote' (over the Internet or phone). ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: For the first part of your question; Refer to related question Why do some online stores not ask for the 3-digit code on the back of my credit...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: Chip and Pin cards are popular in Europe, however in the US we don't have them. Visa/MC and Amex can issue chip and pin cards but no merchants...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: Security in the merchant services system is mainly handled in two ways: 1) Before transactions are done, the business itself must go through an...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are PINs always needed for paying with card? ### Answer: Like email and spam, fighting creditcard fraud is a cat and mouse game, with technology and processes constantly being developed to reduce frau...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Do I make money in the stock market from other people losing money? Not normally.* The stock market as a whole, on avera...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: There's really not a simple yes/no answer. It depends on whether you're doing short term trading or long term investing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Because I feel the answers given do not wholely represent the answer you are expecting, I'd like to re-iterate but inclu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: The stock market is no different in this respect to anything that's bought or sold. The price of a stock like many other...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Just because your slice of pie gets bigger doesn't necessarily mean someone else's becomes smaller. In a lot of cases it...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: The answer is partly and sometimes, but you cannot know when or how. Most clearly, you do not take somebody else's money...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Day traders see a dip, buy stocks, then sell them 4 mins later when the value climbed to a small peak. What value is cre...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: In gambling, the house also takes a cut, so the total money in the game is shrinking by 2-10 percent. So if you gain $1...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: There is one other factor that I haven't seen mentioned here. It's easy to assume that if you buy a stock, then someone...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do I make money in the stock market from other people losing money? ### Answer: Do I make money in the stock market from other people losing money? Sometimes. If the market goes down, and someone sell...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joining a company being acquired ### Answer: Is there anything I need to ask or consider during my negotiation process based on the fact that they probably will soon be own by another company? Ver...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Joining a company being acquired ### Answer: The best answer I can give is - be prepared for change. There's no perfect question you can ask or assurance you can get prior to accepting the offer that ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I record invoices in foreign currency in GNUCash? ### Answer: The solution I've come up with is to keep income in CAD, and Accounts Receivable in USD. Every time I post an invoice it promp...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How should I record invoices in foreign currency in GNUCash? ### Answer: It depends upon in how many currencies your business is denominated. If your business is solely dependent upon this one payer, ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Any tax advantage for registering a residential house as a business? (I want to apply legal pressure to my landlord) ### Answer: To the best of my knowledge, in California there's no such thing as reg...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between a mortgage and buy-to-let in UK ### Answer: Residential mortgages normally explicitly state that the property cannot be let without explicit permission, whereas BTL mortgages typica...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between a mortgage and buy-to-let in UK ### Answer: In my experience buy-to-let mortgages charge a higher rate of interest than an personal residential mortgage. They are regarded as a bus...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Difference between a mortgage and buy-to-let in UK ### Answer: Another factor that makes Buy to let more expensive is the risk involved. With a buy to let you are dependent on finding a tenant that wi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why do some companies report how well their EBITDA performed even if their overall net profit did equally well? ### Answer: EBITDA is in my opinion not a useful measure for an investor looking to buy ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could someone place an independent film on the stock market? ### Answer: When we say "stock market," we are usually thinking of the publicly traded stocks, such as the New York Stock Exchange or the N...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Could someone place an independent film on the stock market? ### Answer: Stock is a part ownership of a business. First there has to be a business that people want to own part of because they expect t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Company requires me to use my personal cell phone to work. Writeoff? ### Answer: Not authoritative, but according to TurboTax: If your new cell phone acts as both your business and personal phone, you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: I wouldn't put too much stock in the guidance generically... it's more a measure of confidence in the company. When you list...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: If the time horizon is not indicated, this is just a "fair price". The price of the stock, which corresponds with the fair v...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: The time horizon applicable to the price target is always specified by the broker or bank which published the research repor...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: I don't think you can always assume a 12-month time horizon. Sometimes, the analyst's comments might provide some color on ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: Most commonly, unless you read 'fair value target price,' an analyst's target price is a 12-month target price. Typically, t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is an analyst's “price target” assumed to be for 12 months out? ### Answer: Analysts normally (oxymoron here) gauge their targets on where the stock is currently and more importantly where it has been...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: There are legitimate reasons: I wouldn't jump the gun and assume that this person is avoiding taxes, etc. Bar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: There are benefits associated with a cash only business (the link states a few). However checks made out to "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: To put a positive spin on the whole thing, maybe it's a small family shop, and having the check made out to "...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: They're hiding income. The IRS is a likely candidate for who they are hiding it from but not the only option....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: A merchant requests that checks be made out to “Cash”. Should I be suspicious? ### Answer: If the business owner doesn't want you to pay him directly, the only reason I can think of is breaking a law....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What threshold to move from SEP to Solo401k? ### Answer: I think this article explains it pretty well: Contributions to a SEP are limited to 20% of your business income (which is business income ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: No. One of the key ideas behind a corporation is that an investor's liability is limited to the am...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: No, assuming by "public company" you mean a corporation. The shareholder's individual liability i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: The answer depends on whether the company involved has 'limited liability'. Most, but not all publ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: Not normally, for a limited liability company anyway. In extreme circumstances a court may "lift t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: I am a tax lawyer and ALL the RESPONSES ABOVE are 1/2 Correct but also 1/2 Wrong and in tax law th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? ### Answer: In an open corporation scenario a stock holder may well be found liable. It's a very narrow and un...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below) ### Answer: If you're repairing an existing appliance - its an expense. If you're replacing an e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below) ### Answer: Pub 527 my friend. It gets depreciated. Table 1-1 on page 5. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below) ### Answer: You may be able to choose. As a small business, you can expense certain depreciable...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What effect does a company's earnings have on the price of its stock? ### Answer: No, the stock market is not there for speculation on corporate memorabilia. At its base, it is there for investing in...