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Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How are the $1 salaries that CEOs sometimes take considered legal? ### Answer: Taxable fringe benefits are included in taxable wages for the purpose of FLSA. So when those executives get to use compan...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How hard for US customers make payments to non-resident freelancer by wire transfer? ### Answer: Can you tell me please, is it really hard to make international wire transfer for payment my job and ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How hard for US customers make payments to non-resident freelancer by wire transfer? ### Answer: For most major banks, wire transfers are simple, if expensive, to arrange. For example, I can initiate...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How hard for US customers make payments to non-resident freelancer by wire transfer? ### Answer: I would look for an alternative wire transfer service that will charge less. I use ofx, but note that t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How hard for US customers make payments to non-resident freelancer by wire transfer? ### Answer: You are right in insisting upon a proper B2B contract in any business relationship. You wish to reduce ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: While technically true, a card issuer can cancel your card for almost any reason they want, it's highly unlikely th...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Remember, the card company gets a percentage at the time of purchase, as well as any interest you let them collect ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Credit card companies are businesses. Businesses will make any decision that makes them money. So does it make them...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: I would think it extremely unlikely that an issuer would cancel your card for having an ADB of approximately zero. ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Speaking from personal experience: I have had a credit card canceled for exactly this reason. It's happened to me t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Technically, yes but, in practice, no. I use a card for everything and pay it off every month. Sometimes, several ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: When you buy something with your credit card, the store pays a fee to the credit card company, typically a base fee...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: No, they won't cancel it because you pay your card on time. When a company offers a promotion like that they are b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Credit card merchant fees are $0.15 - $0.40 per transaction plus 1.5-4% of the amount charged. Card issuers are com...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: Some years ago a call center operator told me a bit more than they probably should have. They like to see a lot of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will a credit card issuer cancel an account if it never incurs interest? ### Answer: I've got a card that I've had for about 25 years now. The only time they charged me interest I showed it was their...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: One thing I would add to TTT's answer: One of the benefits of using an LLC for your business is right there in the name - "limited liability". It pr...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: Legally, I can't find any reason that the LLC could not lend money to an individual. However, I believe the simplest course of action is to first di...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: I can't say if there is anything specific that makes lending illegal, but if your company goes bankrupt, you might end up in trouble. First, it's a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: The answer to your question is...it depends. Depending on the state you, your friend, and the LLC are located in, it can be very easy to run afoul ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Can LLC legally lend money to a friend? ### Answer: Tax accountant here. The money is yours and you can do what ever you want with it. Just make sure to put it on the books as Loan Receivable and hav...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is there ACH analogue in Asia? ### Answer: ACH as offered in US is a very broad and versatile network used for a range of business case. There is no other network as versatile. In Europe UK has BACS a...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: I actually had to go to the bank today and so I decided to ask. The answer I was given is that a check is a legal document (a promise to pay). In...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: The best reason for endorsing a check is in case it is lost. If the back is blank, a crooked finder could simply write "pay to the order of " on i...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: In my experience, you don't need to endorse a check with a signature to deposit it into your account. You do if you are exchanging the check for ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: Paper trail of who did the deposit. Less significant for a personal account, but a bigger deal for accounts that are used by multiple people (e.g...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: So the bank can (theoretically) compare that signature to the ID you provide, showing that the names and signatures match and that you are the per...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: I believe the banks are protecting themselves when they "require" your endorsement. Years ago. they used to ask for your endorsement, and not requ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What is the purpose of endorsing a check? ### Answer: When the check is deposited, the bank verifies the signature in the check matches your signature in file. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card statement dates follow pattern? ### Answer: My guess: they are giving you a constant number of days between when the bill is sent and when it is due. Due dates are usually set either: sa...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card statement dates follow pattern? ### Answer: Check with your bank, usually a statement is either at the same day of month (e.g.: every 15th of the month), or every 30 days (e.g: March 15th,...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Credit card statement dates follow pattern? ### Answer: Each bank is different. Usually in my experience for newer credit card accounts, there is a specific number of days in a billing cycle (somethin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Cash is king. PIN-based debit transactions are cheap. In terms of credit cards, a regular (ie. not a gold card) with no rewards has the lowes...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Please don't waste any more time feeling bad for merchants for the charges they incur. I don't know who supported the lobby for this rule, bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Accepting cash isn't free to the merchant's either. It needs to be counted, reconciled, stored, and taken to the bank each day. There is a ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: From experience, Mastercard and Visa charge vendors about the same (around 2%-5%) while American Express and Diners Club are astonishingly ex...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Back when they started, Discover undercut Visa and Amex fees by about a point. This was also true when I worked for a mail-order computer ret...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Which credit card is friendliest to merchants? ### Answer: Merchants that accept American Express should have decided that the extra costs are worth the increased business (many business travelers onl...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to properly collect money from corporate sponsors? ### Answer: http://www.legalzoom.com/business-management/starting-your-business/turn-your-calling Answering this, but I expect an expert to give ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How to properly collect money from corporate sponsors? ### Answer: If this is something you plan to continue doing it would make sense to create it as it's own business entity and then to get non-prof...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does longterm investment in index funds still make sense in a reality of massive algotrading? ### Answer: What the automation mostly does is make short-term trading that much more difficult. Day tradi...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does longterm investment in index funds still make sense in a reality of massive algotrading? ### Answer: There is a difference between trading which is short term focussed and investing which is long...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Does longterm investment in index funds still make sense in a reality of massive algotrading? ### Answer: Why wouldn't you expect a long-term profit? Say you buy 100 shares of company X, selling for$...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Think about the implications if the world worked as your question implies that it "should": A $15 shar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: When you buy a stock, you're really paying for a STREAM of earnings, from now till whenever. The job of...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: First, the earnings are per year, not per quarter. Why would you expect to get a 100% per year return ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Earnings per share are not directly correlated to share price. NV Energy, the company you cited as an e...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Stock prices are set by supply and demand. If a particular stock has a high EPS, say, $100, then people...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: Imagine a stock where the share price equals the earnings per share. You pay say $100 for a share. In ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Why is the stock market price for a share always higher than the earnings per share? ### Answer: What you have to remember is you are buying a piece of the company. Think of it in terms of buying a bu...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could a malicious party potentially achieve by having *just* a name, account number, and sort code? ### Answer: I think the answer to this must differ from country to country. I have lived in se...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could a malicious party potentially achieve by having *just* a name, account number, and sort code? ### Answer: When you want to pay a bill on line there are several ways to do it. You can give t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What could a malicious party potentially achieve by having *just* a name, account number, and sort code? ### Answer: I disagree with Dumbcoder's response. Setting up a DD is not easily approved by the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: I think Fidelity has a very nice introduction to Growth vs Value investing that may give you the background you...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: The two are not incompatible. This is particularly true of Glaxo and Pfizer, two drug companies operating in ro...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: The general difference between high dividend paying stocks and growth stocks is as follows: 1) A high dividend ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: There can be the question of what objective do you have for buying the stock. If you want an income stream, the...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What's the difference between a high yield dividend stock vs a growth stock? ### Answer: If you are looking to re-invest it in the same company, there is really no difference. Please be aware that whe...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Income At the Sell or Reception? ### Answer: It looks like fair-market value when you receive your virtual currency is counted as income. And you're also subject to self-employment tax on that income....
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening a bank account with cash: How should bills be presented? ### Answer: I currently have the twenties in 6 rolls of 5 I don't know what "roll" means to you (perhaps it's another word for grouping...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening a bank account with cash: How should bills be presented? ### Answer: In the US, banks, businesses and the government stack cash. That's how you should present it to them. ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Opening a bank account with cash: How should bills be presented? ### Answer: Banks have electronic money counters so the order really doesn't matter. When I make a cash deposit that's large, I usually...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Return of value to shareholders in an ISA ### Answer: 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 trea...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: When filing for an NOL, do you have to file the amended previous years' returns after the NOL return? ### Answer: Your CPA doesn't need to file anything, so don't worry about him being sidetracked. Yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much cash on hand should one have? ### Answer: 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 reserv...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much cash on hand should one have? ### Answer: There are two or three issues here. One is, how quickly can you get cash out of your investments? If you had an unexpected expense, if you suddenly n...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How much cash on hand should one have? ### Answer: Less than 2 1/2% of all US currency actually exists. The rest is digital entries. In a financial crisis you'll need lots of rare cash. Twenty doll...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Do overall 401(k) contribution limits sum across employers? ### Answer: 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 c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: 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 ac...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: This is not an end-all answer but it'll get you started I have been through accounting courses in college as well as worked as a contract...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: First of all, consult an accountant who is familiar with tax laws and online businesses. While most accountants know tax laws, fewer know...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: First of all congrats... very nice work indeed.. Secondly, i do not offer this as legal advise.. lol.. anyhow.. you need to make sure to...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: The "hire a pro" is quite correct, if you are truly making this kind of money. That said, I believe in a certain amount of self-education...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Indie Software Developers - How do I handle taxes? ### Answer: Congratulations! I would start with an attorney. As a 17 year old, you legally cannot sign contracts, so you're going to have to setup so...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: 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 b...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Why would it not make more sense to invest in a handful of these heavyweights instead of also having to carry the weight of the other ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Picking yourself is just what all the fund managers are trying to do, and history shows that the majority of them fails the majority of t...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: The point of buying an index fund is that you don't have to pick winners. As long as the winners are included in the index fund (which ca...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Two main points to answer this in my opinion. First, most people don't start with say half a million dollar to buy all the stocks they ne...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Comparing index funds to long-term investments in individual companies? A counterintuitive study by Jeremy Siegel addressed a similar que...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Here is my simplified take: In any given market portfolio the market index will return the average return on investment for the given mar...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: A lot of it boils down to these key points: ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are Index Funds really as good as “experts” claim? ### Answer: Simply put, you cannot deterministically beat the market. If by being informed and following all relevant news, you can arrive at the con...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you check to make sure your employer is paying you the correct superannuation amount? [Australia] ### Answer: As poolie mentioned, you should get online access to your account. This will do a c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Should you check to make sure your employer is paying you the correct superannuation amount? [Australia] ### Answer: Yes, there are checks and balances. Employers can be, and have been, prosecuted fo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Depositing a check with a DBA on the title ### Answer: Assuming it's your business, endorse the check as yourself and your DBA name, payable to your personal account ###end
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Value of a collateralized asset ### Answer: You're not missing any concepts! It sounds like you are contributing a piece of collateral to the business, and you want to know a fair way to value how muc...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do brokers do with bad stock? ### Answer: 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 consider...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do brokers do with bad stock? ### Answer: You have to consider a case where you just cannot sell it. Think of it as a bad piece of real estate in Detroit. If there are absolutely no buyers, you c...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: What do brokers do with bad stock? ### Answer: For every seller, there's a buyer. Buyers may have any reason for wanting to buy (bargain shopping, foolish belief in a crazy business, etc). The party ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: UK Tax - can I claim expenses against a different tax year? ### Answer: In some circumstances losses from self-employment can be offset against total income and/or capital gains. If this applies to yo...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Is it possible for an individual to refuse a cheque in France? ### Answer: In any country, individuals (and shops) can reject any form of payment that is not Legal Tender - defined by law as a payment...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I estimate my taxes when I have only 1099 income? ### Answer: 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...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: How do I estimate my taxes when I have only 1099 income? ### Answer: So there are a lot of people that get into trouble in your type of self employment situation. This is what I do, and I use google ...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my current employer find out if I have a sole proprietarship/corporation? ### Answer: Tell your employer during your initial contract Terms of Service discussions. Ordinarily, this is boilerplat...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my current employer find out if I have a sole proprietarship/corporation? ### Answer: I can see why you'd be reluctant to tell them, but I think you need to be open and honest with them about wha...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my current employer find out if I have a sole proprietarship/corporation? ### Answer: I would have thought that if you are doing it in your own time using your own resources it really has nothing...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Will my current employer find out if I have a sole proprietarship/corporation? ### Answer: Some governments offer business information search for corporations in their jurisdiction. The search result...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: standard method for learning more about a specific sector? (particularly biotech sector) ### Answer: The important piece here is not necessarily understanding intimate details of biological engineerin...
Below is an instruction that describes a task. Write a response that appropriately completes the request. ### Question: Are my parents ripping me off with this deal that doesn't allow me to build my equity in my home? ### Answer: It's a little unusual, but I don't think the financial terms are completely unreasonable o...