query_id stringlengths 32 32 | query stringlengths 5 5k | positive_passages listlengths 1 21 | negative_passages listlengths 9 100 | subset stringclasses 7 values |
|---|---|---|---|---|
d5053afdacf3773674f1cf4928bfd1b3 | “Business day” and “due date” for bills | [
{
"docid": "0fe8ad531b8303ea06ea6b21256025fe",
"text": "I don't believe Saturday is a business day either. When I deposit a check at a bank's drive-in after 4pm Friday, the receipt tells me it will credit as if I deposited on Monday. If a business' computer doesn't adjust their billing to have a weekday du... | [
{
"docid": "133464c876056ea6f006d3b68d5352cd",
"text": "In the US there is no set date. If all goes well there are multiple dates of importance. If it doesn't go well the budget process also may include continuing resolutions, shutdowns, and sequestrations.",
"title": ""
},
{
"docid": "f2001e382... | fiqa |
ffe34df1c7976a15d0ba31ae23ecb3de | Personal checks instead of business ones | [
{
"docid": "a1c74729f1dca762dfb8b1500a304afd",
"text": "I'll assume you are asking about a check for some kind of work or service that you provided them, that they hired your company to do. No large business will do that. In their records they have a contract with your company to provide services. If they w... | [
{
"docid": "17609ed5dd1c22d3b7733a7358c9a2a2",
"text": "\"I expect the company wanted to pay you for a product (on a purchase order) rather than as a contract laborer. Whatever. Would they be willing to re-issue the check to you as a sole proprietor of a business named ABC Consulting (or anything like that... | fiqa |
35174df57ee02ebd4998b3981da51463 | Business Investment Loss from prior year | [
{
"docid": "bf0330082ac65d66aa4934120480a8fe",
"text": "You need to give specific dates! In the United States, you have three years to file an amended tax return. https://www.irs.gov/uac/Newsroom/Ten-Facts-about-Amended-Tax-Returns Did the restaurant fail in 2012? If so, that's probably the year to take the... | [
{
"docid": "ade1f187fc1c0403179210d8806b6971",
"text": "Yes, you will be able to claim it as an expense on your taxes, but not all in the current year. It is split into three categories: Current Expenses - Assets purchased such as inventory would be able to be claimed in the current year. Assets - Vehicles... | fiqa |
549010c3ced5bbf797d3b74d7032ebd3 | Using business check to pay at retail | [
{
"docid": "26380e834a3f492cf088ecc635f89079",
"text": "You can just buy the items personally and then submit an expense report to the company to get reimbursed. Keep all the receipts. Paying with a company check is also fine, but you might run into problems with stores not accepting checks.",
"title": ... | [
{
"docid": "eb1508ea931882b83665fb6c454f4549",
"text": "For an individual its not automatic. One needs to ask the Bank, return the check. For Corporate Customer depending on how big the relationship is, many a times this is given as a service and there is an automatic return",
"title": ""
},
{
... | fiqa |
b6be89874a61fd5a01cda3b90b2f0d7d | Tax whilst starting a business in full time employment | [
{
"docid": "c414ddf19d92a996247a16664983c33f",
"text": "With a limited company, you'll have to pay yourself a salary through PAYE. With income from your other job taking you over the higher-rate threshold, you should inform HMRC of this and get a tax code of DO for the second job, meaning 40% tax (and also ... | [
{
"docid": "b573d3167787931ca68ccd809c08eea9",
"text": "PSB taxed at higher rates. PSB is taxed at 39.5% in Ontario, as the article mentioned. But if you pay all the net income to yourself as salary, you expense it and zero it out on the corporate level. So who cares what tax rate it is if the taxable incom... | fiqa |
433ca86f7c9ba192c18d6642dbce361c | As a small business owner, should I pay my taxes from my personal or business checking account? | [
{
"docid": "e0c51eea3ded591cacec119ff328abda",
"text": "Payment of taxes for your personal return filed with the IRS always come from your personal account, regardless of how the money was earned. Sales tax would be paid from your business account, so would corporate taxes, if those apply; but if you're tal... | [
{
"docid": "7b171a55ca69f689ee46c4199f8dc686",
"text": "If thinking about it like a business you normally only pay taxes on Net income, not gross. So Gross being all the money that comes in. People giving you cash, checks, whatever get deposited into your account. You then pay that out to other people for ... | fiqa |
ca0bac2614826a7aa33e95250610689e | New vending route business, not sure how to determine taxes | [
{
"docid": "2e98394f8d6cda6221a19b8b24729f04",
"text": "You're not paying taxes three times but you are paying three different taxes (or more). Sales tax is a business expense, just like costs of goods sold or interest on a loan. Then, depending on how you structure the business, the net income of the busi... | [
{
"docid": "e65ca832826c13679b69f21901aa6230",
"text": "First, you should probably have a proper consultation with a licensed tax adviser (EA/CPA licensed in your State). In fact you should have had it before you started, but that ship has sailed. You're talking about start-up expenses. You can generally de... | fiqa |
121089fa18fac159d3142f76ffab7006 | Tax Allocation - Business Asset Transfer | [
{
"docid": "ee1cbe95c80b1f09c238a89beef2ce71",
"text": "\"And my CPA is saying no way, it will cost me many thousands in taxes and doesn't make any sense. I'd think so too. It looks like it converts from capitol gains at 14% to something else at about 35% Can be, if your gain under the Sec.1231 rules is c... | [
{
"docid": "a218b268aee293bf7feabf28e3b83c0f",
"text": "I fell into a similar situation as you. I spent a lot of time trying to understand this, and the instructions leave a lot to be desired. What follows is my ultimate decisions, and my rationale. My taxes have already been filed, so I will let you kno... | fiqa |
3a32bb8fd417008d7bcdceb237bafbef | Do I need to keep paper records for my business? | [
{
"docid": "fdd6c32e18b0abef55a3c97c273f8daa",
"text": "Scanned or electronic copies of invoices should be sufficient as long as they are accurate and you can deliver them during an audit. Also, if you have an accountant prepare your taxes you would either need to provide them a copy of the invoices or a su... | [
{
"docid": "d6a720487b2ba826b237a83dc0981618",
"text": "I would suggest at least getting a personal card that you only use for business expenses, even if you don't opt for a business card. It makes it very clear that expenses on that card are business expenses, and is just more professional. The same goes... | fiqa |
6779d2aa0fb930d47d36c1972c130a77 | How to treat miles driven to the mechanic, gas station, etc when calculating business use of car? | [
{
"docid": "a57851d680f06d0d027cbc370f7c762e",
"text": "I contacted Stephen Fishman, J.D., the author of Home Business Tax Deductions, to let him know that this question was missing from his book. He was kind enough to send a reply. My original phrasing of the question: If your car is used for both business... | [
{
"docid": "aa814b38cf9b2f1b54222b975753ec2a",
"text": "Firstly, thank you for taking the time to respond, let me see what I can answer to help give you a bigger picture. * I am the rental manager but like I say, it's a small unit where the operations team is only 5 strong. We all have a hand in everything... | fiqa |
ca61ba4bd34cbceab482d4a0cb67f609 | Buying car from rental business without title | [
{
"docid": "3e48ff78f0a9989139b2a2c1115f7dac",
"text": "I would steer well clear of this. The risk is that they take your money but don't pay the bank. This wouldn't require dishonesty - what if they run into financial trouble? Any money of yours that they have that hasn't gone on to the bank yet might end ... | [
{
"docid": "5b33653164a3081cba70f7d0a1fb18f8",
"text": "The key here is the bank, they hold the title to the car and as such have the final say in things. The best thing you can do is to pay off the loan. Could you work like crazy and pay off the car in 6 months to a year? The next best thing would be to s... | fiqa |
1b82bdf8ad2d371e754173bcc1f3e16b | Does revenue equal gross profit for info product business? | [
{
"docid": "aa7b71cc6b057f22d94322cc900cc157",
"text": "What about web-hosting fees? Cost of Internet service? Cost of computer equipment to do the work? Amortized cost of development? Time for support calls/email? Phone service used for sales? Advertising/marketing expenses? Look hard--I bet there are some... | [
{
"docid": "8f5439eccba9927dbad2c3edb01e31dd",
"text": "Such activity is normally referred to as bartering income. From the IRS site - You must include in gross income in the year of receipt the fair market value of goods or services received from bartering. Generally, you report this income on Form 1040, S... | fiqa |
54bd4165acdf496c4b7725cb5c3879dc | Moving my online only business to the USA? | [
{
"docid": "09764573fc064e61fbf2479f95d269b5",
"text": "You don't need a Visa to create or own US property. Your registered agent will be able to take care of most of this, and your new entity will use the registered agent's address where applicable, but you may need your own separate address which can be y... | [
{
"docid": "f424b6101ae3d715402a19f6895b7ae4",
"text": "Well I am kind of looking for a way to make it little bit more official if I can ... :D I have no toruble for paying taxes to US and anything ... Just don't want to spend 4000$ on 2 year VISA for a model that will stay in NYC for 3 weeks ... Doesn't... | fiqa |
63935d0e40ccc63de66fb9fe1e35833a | 1099 versus corporation to corporation for payments? | [
{
"docid": "15ad22bcdc1ba71d64e2cdba622599e3",
"text": "Do not mix personal accounts and corporate accounts. If you're paid as your self person - this money belongs to you, not the corporation. You can contribute it to the corporation, but it is another tax event and you should understand fully the conseque... | [
{
"docid": "71e4607b1121d82861ac730ef02093d7",
"text": "Hey, sole proprietorships called (don't those comprise roughly 50% of all businesses?) they want to know what corporate tax is. Hell, most of them want to know what payroll tax is. They just know it's not fun paying both halves of it. From my perspe... | fiqa |
9355f76291f42b6ea33d789cbd6cbbf0 | Can a company have a credit rating better than that of the country where it is located? | [
{
"docid": "9b9f9d0390fd07319e4f35714bb1d4c3",
"text": "\"BlackJack's answer is technically correct: government credit ratings are independent of corporate credit ratings. The rating should reflect the borrower's ability to repay its obligations. One reason the book you read may have stated that corporate ... | [
{
"docid": "20699ddd02b61af4bdf4d3704421330d",
"text": "You borrow on the international makets. [Moody's predicts Scotland would get an 'A' credit rating](http://www.bbc.co.uk/news/uk-scotland-scotland-politics-27247870) [Standard & Poors - Independent Scotland could be AAA rated](http://www.business... | fiqa |
6b8886f7531e727f4fdb44691fbae623 | Can my company buy my personal debt? | [
{
"docid": "748dc61cc970da3eeea8d867b964751b",
"text": "When your debt is forgiven, you have to consider the amount written off as an ordinary income item (with the exclusion of the debt originated from the purchase of primary home). If you're trying to write the debt off from your taxes - then it won't wor... | [
{
"docid": "6be77374df9492621476310efad3a555",
"text": "From Wikipedia: If a company with limited liability is sued, then the claimants are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for th... | fiqa |
3d5b118e1c21c5790c504076a879d110 | Paying restaurants in cash instead of credit card - how signficant is this? | [
{
"docid": "0c37df888e88a0aa21a06d7f16d7bf8f",
"text": "Credit cards charge about 2% fee from merchants. This is already priced into the restaurant menu. Generally, dealing with cash will not cost the merchant significantly less since he needs to make more trips to the bank, pay fees for frequent cash depos... | [
{
"docid": "34c0ca2bb90dd623af001de51d16eae9",
"text": "Possible (unlikely) reasons: But usually, yeah, if you can pay cash, you should.",
"title": ""
},
{
"docid": "5b0d95869358bf04e59f28abbe0058a2",
"text": "\"Ever wonder why certain businesses won't accept certain credit cards? (The sign ... | fiqa |
a3d79114d4974d7971cc85af751f90f8 | Do I owe taxes if my deductions are higher than my income? | [
{
"docid": "207d86d0997000334265461baaa3476f",
"text": "\"There's one factor the previous posters apparently missed here: You say \"\"self-employment tax\"\"--in other words, at least some of that $16k is from self employment. In a normal employment situation the FICA tax is taken out of your paycheck, it'... | [
{
"docid": "3732f784e170d0a50982ba72ff7cb4c2",
"text": "The only ways to increase your after-tax income are to increase your tax-deferred savings (401k), increase your tax deductions, or increase your pre-tax income. Increasing tax-deferred savings is great for the long term, but will usually not result in ... | fiqa |
a0dd55bc63ae6bd512b3dbd7c70f6b10 | Renting out rooms in my home, what's the proper way to deal with utilities for tax purposes? | [
{
"docid": "126fd13c67264c54eded0b947f3c655d",
"text": "It's the same result either way. Say the bills are $600, and you are reimbursed $400. You'd be able to write off $400 as part of the utilities that are common expenses, but then claim the $400 as income. I'd stick with that, and have contemporaneous ... | [
{
"docid": "7b73465541b505fd29eecafb445ece16",
"text": "The money your tenants spent on repairs and maintenance that is otherwise your responsibility is considered rent paid to you (and deductible to the extent you can deduct maintenance expenses, provided you have documentation etc etc). The money your ten... | fiqa |
98e3ce48813577c3773c7b033c1d6c6b | How do I treat the income from an ESPP I sold now that I am a non-resident alien? | [
{
"docid": "abd138c01e6d5a971c99c8f92350dfec",
"text": "\"That's a tricky question and you should consult a tax professional that specializes on taxation of non-resident aliens and foreign expats. You should also consider the provisions of the tax treaty, if your country has one with the US. I would suggest... | [
{
"docid": "7d5505b6c56edc9dc1592bdd431592f7",
"text": "You can keep your Mutual Funds. You have to communicate your new status to fund house. The SIP can continue. Please note you have to convert the savings account to NRO account. Most banks would keep the account number same, else you have to revise SIP... | fiqa |
8b43fdc1454d52b08503eca6b00457bf | Should I keep copies of my business's invoices for tax records? | [
{
"docid": "5343a55d9de262de93da6ee1e7ee768a",
"text": "It's always beneficial to have detailed business records. There are any number of reasons where you'd need to prove both the types of services you've rendered and the payment history - you've already noted audits (for IRS taxes). Other possibilities:... | [
{
"docid": "b785bcf974c97d43b0f71c871e9a9f2a",
"text": "No, even businesses pay taxes quarterly. So if you formed Nathan, LLC, or otherwise became self employed, you'd still have to file quarterly estimates and make tax payments. This would cause taxes to be a much more high touch part of your life. Howev... | fiqa |
22e8d75e8f09e49a043377b5d85d4bb5 | Are there any issues with registering an LLC in a foreign state? | [
{
"docid": "21f92446dfd048a11ba3713e97294bf3",
"text": "\"No, there are no issues. When you form the corp in DE, you pick a business there to serve as your \"\"agent\"\" (essentially someone who knows to get in contact with you). The \"\"agent\"\" will notify you about taxes and any mail you get, but besi... | [
{
"docid": "0cc9f29299b97f983d66979dc8a38088",
"text": "Are you talking about domicile? An LLC is treated differently than a corporation in the terms of citizenship of the law. An LLC is a citizen of whichever state it's members (shareholders) are citizens. I would recommend you just spend the money on a b... | fiqa |
840798a92d15f94f6f8c4b07a3a9d7ef | What are the tax consequences if my S corporation earns money in a foreign country? | [
{
"docid": "e9b1750861a184a70777dda66fa97951",
"text": "\"Be careful here: If ACME were in California, I would pay taxes on USD 17,000 because I had revenue of 20,000 and expenses of 3,000. To CALIFORNIA. And California taxes S-Corps. And, in addition, you'd pay $800 for the right of doing business in the... | [
{
"docid": "50096e4fb5fbc967e77618ddb3453157",
"text": "Oh I see - then yes I agree with you. Even if it was a foreign company in that situation, they should pay taxes. But in regards to the concept of repatriated profits, that has to do with profits generated outside of the borders...",
"title": ""
... | fiqa |
af61b1410a5ae63d4b31bb8cdd437738 | Do I need to pay taxes in India? | [
{
"docid": "ce5a9711abf6e3faffd048d87194ae7e",
"text": "\"Do I need to pay taxes in India in this scenario? For India tax purposes, you would still qualify as \"\"Resident Indian\"\". As a resident Indian you have to pay taxes on Global income. It is not relevant whether you transfer the money back to India... | [
{
"docid": "fa74f9772e688a7311fdd7a91a3b9504",
"text": "Are there any IRS regulations I should be aware of when sending money to India? None. As long as you are following the standard banking channels. You are also declaring all the accounts held outside US in your tax returns. FBAR. Is it legal to do so? ... | fiqa |
a2e2a9d42db5bdd90590552e51c16ecc | Investment time horizon: When is it acceptable to withdraw money from investments? | [
{
"docid": "16741273c6cb8b6491a181cee2385490",
"text": "\"shouldn't withdraw stock investments for at least 5 years would be better re-phrased as: \"\"don't invest money in stocks if you (really) need it within next few years\"\". The underlying principle is: stocks are one of the higher-risk investment cla... | [
{
"docid": "c4ec080f48901e5d1591782ca087bcba",
"text": "The Trinity study looked at 'safe' withdrawal rates from retirement portfolios. They found it was safe to withdraw 4% of a portfolio consisting of stocks and bonds. I cannot immediately find exactly what specific investment allocations they used, but n... | fiqa |
55eab58a3459fbdecc2f39d75f99a7ac | How do I get bill collectors who call about people I know to stop calling me? | [
{
"docid": "6a80d084921f3ee86d7bbdf4f607936c",
"text": "http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf if you are in the US Look at section 805 and 805 about how they may contact you and what they are and aren't allowed to do. You can simply send a Certified Mail, Return Receipt (CMRR) letter exp... | [
{
"docid": "a8edad472ccf151ee0ee506b18eda838",
"text": "Step 1)I answer the phone saying it is illegal to call my cell phone and I want all further communications in writing. Put this number on the do not call list and reverse search the number they dialed. Step 2) I say that whoever changed their number an... | fiqa |
ca6136501c981f594133d742fd605857 | Are you allowed to have both a 401(k) and a SIMPLE IRA? If so, what about limits? | [
{
"docid": "debd7edd8c0c59de27b0c871a9f2d739",
"text": "\"I am not 100% sure, but I think the answer is this: You can't max out both. You could theoretically max out the SIMPLE IRA ($11,500) and then contribute $4,000 to your 401k, but your total can't exceed the 401k limit of $16,500. This also means yo... | [
{
"docid": "adcaaa179270d076ea0768d8715a2b95",
"text": "A Roth IRA is just an account wrapper. Inside a Roth IRA you can have a plain 0.1% savings account, or a brokerage account, or an annuity or whatever. There's no rate of return for a Roth IRA. That particular calculator seems to assume you'll be wrap... | fiqa |
be723a32e915f54561cd3a9eff09d1c6 | What is a good open source Windows finance software | [
{
"docid": "0a08c66465ff0e7a78383b8babf2b9cf",
"text": "Have you tried others on Wikipedia's list?",
"title": ""
},
{
"docid": "b2c2a2438b925a7ca203cf52bfabeaf3",
"text": "You really shouldn't be using class tracking to keep business and personal operations separate. I'm pretty sure the IRS ... | [
{
"docid": "ed961bc386f62746a9c09a3a9344c4f0",
"text": "Frankly, the article is mostly right, but I disagree with his specific recommendation. Why use one of these software services at all? Put your money into a retirement (or other) account and invest it in index funds. Beating index funds over the long... | fiqa |
0961ce3f7006960f0d125c34b970221e | Deductible expenses paid with credit card: In which tax year would they fall? | [
{
"docid": "bcd38157a511bc50fe008087a8d2c7d3",
"text": "\"According to this discussion, there was a Tax Court ruling that likened deductibility for charitable giving by credit card to business expenses incurred by businesses operating under cash-basis accounting. (The point is made by Larry Hess on that si... | [
{
"docid": "1b4466c1672ecccd8c473e8503ff8b95",
"text": "\"According to the instructions for IRS Form 8889, Expenses incurred before you establish your HSA are not qualified medical expenses. If, under the last-month rule, you are considered to be an eligible individual for the entire year for determining t... | fiqa |
5ea5870576182cc8b1a6ffdb24cedae8 | How May Cash be Spent Approaching Bankruptcy? | [
{
"docid": "989aaf6bbf20eba8bb856f0d21b398b8",
"text": "Bankruptcy law is complex. You need a lawyer who can advise you both on the statute and relevant case law for the district where you file. Your lawyer can advise you whether actions you contemplate are allowed. You can obtain advice prior to filing as... | [
{
"docid": "70e04ae623489ace987557576c29b943",
"text": "Banks can't simply make loans in the void. This is how the cash flow works, generally: 1. Depositers *add* cash into the bank. The Bank now has cash. 10% of that cash is held on *reserve* per law. This cash is held on the balance sheet as an *asset* (... | fiqa |
35fa8d26f2d92cf2ec7a06393cad19d3 | ACH debit blocks/filters on consumer account | [
{
"docid": "768d911368643c7cf2504b6ef63a28b4",
"text": "The technical feature exists to (1)block all ACH activity, (2)block all ACH credits, or (3)block all ACH debits attempting to post to the deposit account. The large financial institutions will not deviate from their company policies and won't offer so... | [
{
"docid": "724f4aa42a46fe16ff32b4f2087a57a4",
"text": "I think you're off base here. The bureaus only remove information if the creditor cannot verify any dispute within 30 days, or if the information's super old. If the creditor can provide corrected information, then the credit bureau is required to ap... | fiqa |
4d070ab9901fac8db231acdaae2532f6 | Where should I invest to hedge against the stock market going down? | [
{
"docid": "c4af7c5b84f8a8e9b587e166afcedb5c",
"text": "If you believe the stock market will be down 20-30% in the next few months, sell your stock holdings, buy a protective put option for the value of the holdings that you want to keep. That would be hedging against it. Anything more is speculating that t... | [
{
"docid": "8615e9a68e1874e10f12d06764d16009",
"text": "Your question reminds me of a Will Rogers quote: buy some good stock, and hold it till it goes up, then sell it. If it don’t go up, don’t buy it. There's no way to prevent yourself from buying a stock that goes down. In fact all stocks go down at some... | fiqa |
f0e060f96bd432ce7260b9aa62713090 | is the bankruptcy of exchange markets possible? | [
{
"docid": "f744364c976f38ef461e3449e043a277",
"text": "You seem to think that stock exchanges are much more than they actually are. But it's right there in the name: stock exchange. It's a place where people exchange (i.e. trade) stocks, no more and no less. All it does is enable the trading (and thereby p... | [
{
"docid": "596c851ead1b66cb3bf36f4853c6a8e8",
"text": "Based on my research while asking How are unmarketable market orders (other side of the order book is empty) matched with incoming orders? and the one answer there, it seems like there are a few things for certain: All of this of course depends on the ... | fiqa |
d7063513a5fbae992525227eda0ef13a | Filing Form 7004 if an LLC's only members are husband and wife | [
{
"docid": "6c6506ac79cb6824fd2b472b524cba0f",
"text": "Since you both are members of the LLC - it is not a single-member LLC, thus you have to file the tax return on behalf of the LLC (I'm guessing you didn't elect corporate treatment, so you would be filing 1065, which is the default). You need to file fo... | [
{
"docid": "0fe37bd3e480b3c4d7d039cdfb26aa2a",
"text": "\"IANAL, but no, this is not sound legal advice. There are a few things that stick out to me as fishy. First off: you are calculating the 3% safe-harbor on the 2017 compensation limit of $270k, but limiting yourself to $53k in total contributions which... | fiqa |
75b48f9d84ff491fc33fc6055d3abe35 | How to register LLC in the US from India? [duplicate] | [
{
"docid": "c04235b74285a44bf3c488e03b1adb7e",
"text": "\"Wyoming is a good state for this. It is inexpensive and annual compliance is minimal. Although Delaware has the best advertising campaign, so people know about it, the reality is that there are over 50 states/jurisdictions in the United States with ... | [
{
"docid": "0659e8e19457737aa39ca2904088ade5",
"text": "Thank you for the pointers! Did you find it necessary to hire an attorney to set up your llc? Have you found any real down-sides with the llc option? It seems to be great in most circumstances from what I'm reading/hearing, there must be some negatives... | fiqa |
0d075b8c1f3b7e62dd0432804966f15e | Can dividends be exploited? | [
{
"docid": "f202937ec26c18b06aa1ba3356b006ad",
"text": "Yes, somebody could buy the shares, receive the dividend, and then sell the shares back. However, the price he would get when he sells the shares back is, ignoring other reasons for the price to change, exactly the amount he paid minus the dividend.",
... | [
{
"docid": "c82725f2c339667dd6c65fc2bae50c3e",
"text": "I'm trying to think it out, but I feel like it would be hard to justify using potential profit sources as material for dividends. Especially your example of wine. Wouldn't it be counterintuitive to take a hit to sales, while still having the cost of pr... | fiqa |
54d947fd8d8e82b0a84f3cf1a46a1556 | Is having a 'startup fund' a good idea? | [
{
"docid": "7204946de596496e2375d774802378fe",
"text": "Saving money for the future is a good thing. Whether spending those savings on a business venture makes sense, will depend on a few factors, including: (1) How much money you need that business to make [ie: will you be quitting your job and relying on ... | [
{
"docid": "5883594212907d5df467c9d29e54bb54",
"text": "\"Absolutely terrible idea(s) on many fronts. Firstly, why are you giving away equity at all? usually it's to attract people you otherwise wouldn't be able to hire (like extremely talented coders or business development managers) but normal employees? ... | fiqa |
40ff73f5ec2637a2dd0a314295aefee5 | Cost is (maybe) part of basis for two assets | [
{
"docid": "72c48b31b6fa47b1f89fb4a960648aff",
"text": "For accounting purposes, consider the costs of acquisition as part of the cost of the asset as opposed to expensing. This will be important to consider if you need to amortise the asset for reporting or tax purposes. Dr. Land $250,000 Dr. Building: $2... | [
{
"docid": "49f29b55b33e9105340e11bfb78539e9",
"text": "You also may want to consider how this interacts with the stepped up basis of estates. If you never sell the stock and it passes to your heirs with your estate, under current tax law the basis will increase from the purchase price to the market price ... | fiqa |
7ce046d26c429a6fd2e8ea1a4e01bc1d | What does this statement regarding put options mean? | [
{
"docid": "71abadf909286b1f642408f3d9ddf0d8",
"text": "The trader has purchased 1095 options, each of which is a contract which entitles him to sell 100 shares of Cisco stock for $16 a share. He paid $71 for each contract (71 cents a share x 100) which is roughly $78k total. He will get $109,500 for each d... | [
{
"docid": "b6a90c268daabff60f9717e9e8d84869",
"text": "Options, both puts and calls, are typically written/sold at different strike prices. For example, even though the stock of XYZ is currently trading at $12.50, there could be put options for prices ranging from $0.50 to $30.00, just as an example. There... | fiqa |
9c102b33a2ace4b289b13d1ffaa1e1bd | Is a robo-adviser worth the risk? | [
{
"docid": "87a9f1d455a99760f43c4389b1a0863d",
"text": "If you are looking for an advisor to just build a portfolio and then manage it, a robo-advisor can be beneficial (especially if the alternative is doing it your self, assuming that you are not well versed in the markets). The primary risk with one is t... | [
{
"docid": "934db7ebe0f517eaa0042ab40cbaf8e8",
"text": "Totally agree. Autonomous cars can **increase margins** in the insurance industry since there will be fewer claims. **for Geico - less administration and higher margins. Buffet is probably ecstatic.** Edit: Not saying that this is in the best in... | fiqa |
88204bc51769453bb8e0869f97eff1ce | How do multi-currency bank accounts work? What is the advantage? | [
{
"docid": "18fdaf795363cebce215bc069bf9f8f1",
"text": "Today typically a Business needs to hold accounts in more than one currency. Banks in certain countries are offering what is called a dual currency account. It is essentially 2 accounts with same account number but different currency. So One can have a... | [
{
"docid": "f8a85fd74968db82a68d08b94722c7d6",
"text": "There are short-term and long term aspects. In the long term, if you live and work in Australia and plan to continue doing both indefinitely, you might as well move all your cash investments there. There would be no point bearing the exchange rate ris... | fiqa |
9103048fa364c4d0396c8f885caa59b6 | Is it possible to block previously authorized ACH access? | [
{
"docid": "677afd9ef329ac743ab987505762a37a",
"text": "I had a similar situation a while ago, and here's what I learned: What are our options here to ensure that this company can't retry to take our money again via ACH? Close existing account and create a new one that has different account number? Yes. As ... | [
{
"docid": "7c3f579b87cbfc4c757f73a01266ff8a",
"text": "\"(I agree with the answers above; would just like to make a couple of additional points.) It's a good and simple strategy to try it out with a small amount as suggested by @JoeTaxpayer♦. It's also generally safe to assert that card issuers currently d... | fiqa |
667c9adcee6b016abfa22663f71ab1b5 | How can a school club collect money using credit cards? | [
{
"docid": "daaa039e808d165597234fd11e103a13",
"text": "Large and small universities have procedures in place regarding the use of the universities name, logo, facilities, and budget. They should have in place guidelines regarding the collection and use of funds from members, and participants. These guideli... | [
{
"docid": "0dbc73b704ace2fd555de902aee30592",
"text": "\"The basic way that these \"\"work\"\" is this: Every year I have to deposit 3500 to remain active in the company, else my account gets expired. You are paying money into the system. The only way you make any money is to: By my calculation I(or my chi... | fiqa |
b7c82b7974c9333d8fc56da872375aa8 | (Almost) no credit unions in New York City, why? | [
{
"docid": "e34390210a590d11712ad5d019a137c8",
"text": "There are 2 credit unions in the Metro NY area that are open to everyone: You might also want to check out aSmarterChoice.org to see if there are other credit union options based on where you live, work, worship & more.",
"title": ""
},
{
"... | [
{
"docid": "db7024a10e95c39c93206a786964e63e",
"text": "There are lots of credit unions that are insured by the National Credit Union Administration (NCUA) through the National Credit Union Share Insurance Fund (NCUSIF) instead of the Federal Deposit Insurance Corporation (FDIC). Both cover individual accou... | fiqa |
b0ac348dd7dcf161ea44b3ba414125c4 | Why is a home loan (mortgage) cheaper than gold loan? | [
{
"docid": "587a65d963fc2a65049684b33ecee4f6",
"text": "My doubt is whether Govt./Reserve Bank of India gives any explicit incentives to banks to offer cheaper home loans ? Currently NO. In the past Loan against GOLD was considered priority sector lending [Loans to poor and agriculture etc]. Every Bank need... | [
{
"docid": "c3c3f7d8b8ea34d9e2946cdc47094ef5",
"text": "What you are seeing is the effects of inflation. As money becomes less valuable it takes more of it to buy physical things, be they commodities, shares in a company's stock, and peoples time (salaries). Just about the only thing that doesn't track inf... | fiqa |
6a48fd3b95873af8beb210ec5e636b26 | Can a Zelle Bank Transfer be reversed or denied after credit has been added? | [
{
"docid": "9c9acdcbf56c5fe87270584861c27edb",
"text": "After collecting information via web searching, the comments above, and a additional call to BOA, i have concluded the following to the best of my knowledge. Zelle Transfers are final. Irreversible. As Jay mentioned above, funds are subtracted from the... | [
{
"docid": "f74da4d8b3fe79ba63956ef642f3ebc2",
"text": "Below are some of the differences between FedWire credit transfers and ACH credit transfers in the US. FedWire Same day clearing, which means the sender's account is debited and your account is credited on the same day Irrevocable. Once a FedWire is s... | fiqa |
3dfd234ac9a8c92cf4af219d305ee408 | Does setting up a company for your own improves credibility? | [
{
"docid": "b228fd9c49d849a76e562c6128b35a42",
"text": "The key here is that you are defacto running your own company no matter if you acknowledge it or not. In the end these questions have the goal of deciding if you can and will repay the loan. Presumably you filed taxes on your income. These can be sh... | [
{
"docid": "eb56519181d6a8e65c0ce3a6d39eb5d7",
"text": "Yep. Look at Market Basket's current debacle as a prime example. On NPR someone's opinion was that it works (there's many family-owned/run companies), but there's family issues (power disputes, control, vision, etc.) which if aren't managed/sort well c... | fiqa |
5269f6ee19c8bbe6c50442fc437ab93b | Why does AAPL trade at such low multiples? | [
{
"docid": "73c1c16bf47ebca4d43da55668d981a9",
"text": "This is also an opinion, the iPhone makes up too much of the company's total revenue. Last quarter results were very well received because of the somewhat dramatic increase in service revenue indicating that maybe the company can shift from relying so... | [
{
"docid": "0bc934b26cd5698a318b31ef671dd898",
"text": "\"Simple answer is because the stocks don't split. Most stocks would have a similar high price per share if they didn't split occasionally. Why don't they split? A better way to ask this is probably, why DO most stocks split? The standard answer is th... | fiqa |
aa4bd60227161da39eb8b9637712abfb | Limited Liability Partnership capital calculation | [
{
"docid": "b8763fac73b9c4be5794c15172547797",
"text": "Retained earnings is different from partner capital accounts. You can draw the money however the partners agree. Unless money is specifically transferred to the capital funds, earnings will not show up there.",
"title": ""
}
] | [
{
"docid": "d304ada0eec7878085696ff363929bd9",
"text": "\"To calculate the balance (not just principal) remaining, type into your favorite spreadsheet program: It is important that the periods for \"\"Periods\"\" and \"\"Rate\"\" match up. If you use your annual rate with quarterly periods, you will get a ... | fiqa |
b0c32de1a834a759779b62d5ff0c3644 | I just “paid” online with a debit card with no funds. What now? | [
{
"docid": "3109d70095ef776217692620465fdf6f",
"text": "There are a few factors at play here. Depending on the bank that has offered you the card there are different types of overdraft protection that may have been set up. Typically, if they attempt to run the card with no money, if one of these is in play,... | [
{
"docid": "74cb59c84c8f5b2738b01dd113047091",
"text": "You should contact the Company who purchased your visa balance and ask/write the following questions: 1. Dispute the charge from Emusic.com as invalid. 2. Instruct that no future charges will be accepted. 3. How come Emusic.com was allowed to debit y... | fiqa |
0f7fa9af4dd536c4ad814768d144622e | My Boss owes money but I am named on letter from debt collection agency (UK) | [
{
"docid": "06741791d286fe079a92f0570f498adc",
"text": "I would not be overly concerned unless they started contacting you directly on your personal time or it showed up on your credit report. It is very likely that you are listed simply for their own records. This is correct for them to do, since you spok... | [
{
"docid": "cf395ba4cd893fe297222a85e755771d",
"text": "Better suited to /r/personalfinance, but you definitely owe the money. Unless you had something in writing that they were going to send a bill to a certain address, it's your responsibility to pay. Hell, even if you did have something in writing that s... | fiqa |
c9a10eee5fb2cabc189624d2bf88b911 | Are Investment Research websites worth their premiums? | [
{
"docid": "418560ccfabd92b6f509f8e16d8243ea",
"text": "Anyone who claims they can consistently beat the market and asks you to pay them to tell you how is a liar. This cannot be done, as the market adjusts itself. There's nothing they could possibly learn that analysts and institutional investors don't alr... | [
{
"docid": "97f41387c3e0e3a356c3818c5c8d2845",
"text": "\"No. I glanced through the article you linked to. It's quite lengthy, but not compelling. I'd not lose any sleep over this. Others with far better credentials are making the opposite claim, that life is good and the Dow on its way to 20,000. Back ... | fiqa |
f870e93caf07973537880d5124741ca9 | Legal requirements to sell design content, artwork and also freelance in India? | [
{
"docid": "cfda73ae0f9dbf89a67f975f4f6047b6",
"text": "There is no requirement to open a company. You can work as freelancer. You need to report income and file returns. If your income is more than exempt limit, pay taxes. Apply for a PAN number if you don't have one yet.",
"title": ""
}
] | [
{
"docid": "391b1a6dc29982369e55f4f55b9026fb",
"text": "If you want to use the original material then you will, essentially, need to negotiate for it. You are in ugly, muddy territory. Don't expect a simple, easy legal solution to exist; civil courts exist partly to help navigate these kinds of quagmires.... | fiqa |
d66cb93e5718852cf2c532e6b29a53ff | What securities is Return of Capital applicable to? | [
{
"docid": "de2b0f54bb412b964dac669ed6ced647",
"text": "\"Off the top of my head, I don't know of any publicly-traded companies that routinely earmark distributions as return of capital, but theoretically, it's certainly applicable to any publicly-traded company. The Wikipedia article gives one situation in... | [
{
"docid": "425ca438f571c50d943009d1bf53592a",
"text": "Do what's outlined here. The capital asset pricing model will reveal how an asset (a stock in this instance) performed relative to the market performance for that time period. This by itself will answer your assignment's question but allowing you to tr... | fiqa |
0f31134f065dc070a0185ab2e2a76430 | Once stock prices are down, where to look for good stock market deals? | [
{
"docid": "8dad87928431875301308fad68c7ae0c",
"text": "\"Indexes are down during the summer time, and I don't think it has something to do with specific stocks. If you look at the index history you'll see that there's a price drop during the summer time. Google \"\"Sell in May and go away\"\". The BP was c... | [
{
"docid": "9035e3042845744753020ebe12989ddf",
"text": "I can't provide a list, but when I took out my Stocks and Shares, I extensively researched for a good, cheap, flexible option and I went with FoolShareDealing. I've found them to be good, and their online trading system works well. I hope that's stil... | fiqa |
58b4dbf7a0ac10fd8fe337e18ff74a9e | Helping my family sell their oil stocks. What to buy? | [
{
"docid": "8cb84fc641cf335e2101b55a343905e7",
"text": "\"*(\"\"Fee-only\"\" meaning the only money they make is the fee your folks pay directly; no kickbacks from financial products they're selling.) The answer to this is: for God's sake, leave it alone! I commend you on wanting to help your family avoid ... | [
{
"docid": "901f587ef6b4da5a2caa0612bf66b160",
"text": "I think following the professional money managers is a strategy worth considering. The buys from your favorite investors can be taken as strong signals. But you should never buy any stock blindly just because someone else bought it. Be sure do your due... | fiqa |
5b45f8477f30c847f0d3ce24b8aaa04a | H&R Block says form 1120 not finalized? IRS won't take it yet? | [
{
"docid": "b891606bf041cfd022f36635be258918",
"text": "This form is due March 15. This year, the 15th is Saturday, so the deadline is Monday March 17th. Keep in mind, the software guys would have two choices, wait until every last form is finalized before releasing, or put the software out by late Novembe... | [
{
"docid": "49fcb429b4cc17c2db360a6d3770a84a",
"text": "Real world case: IRS: You owe us $x. You didn't report your income from job y. My mother: I didn't work for y. I don't even know who y is. IRS: If the W-2 is wrong, talk to them to get it fixed. My mother: I can't find y. Please give me an addre... | fiqa |
e654c6e0410d1ace3a1140d4a6493bd9 | Can I locate the name of an account holder by the account number and sort code? (U.K.) | [
{
"docid": "1106f53035aa74ff20d51f8c9d233ccc",
"text": "\"No, the best you can do is (probably) determine the bank, from the sort code. using an online checker such as this one from the UK payments industry trade association. Revealing the name of an account holder is something the bank would typically requ... | [
{
"docid": "8e67b6911d14a79d53b0b47b4fdd2ac1",
"text": "\"Accounts track value: at any given time, a given account will have a given value. The type of account indicates what the value represents. Roughly: On a balance sheet (a listing of accounts and their values at a given point in time), there is typical... | fiqa |
c0b51b86e94e35b93eae075b41c33d4d | Simple income and expense report in gnucash | [
{
"docid": "e2556cddd3a3db377c1f4eef65198dbc",
"text": "\"The official guide can be found here, but that can be a little in depth as well. To make good use of you need at least a little knowledge of double-entry bookkeeping. Double-entry bookkeeping, in accounting, is a system of bookkeeping so named bec... | [
{
"docid": "b274dcbeca8aaf4a0d475b7e2101809b",
"text": "Mint has worked fairly well for tracking budgets and expenses, but I use GnuCash to plug in the holes. It offers MSFT$ like registers; the ability to track cash expenses, assets, and liabilities; and the option to track individual investment transactio... | fiqa |
1255b8cd0e82965bb5b3c4500de8330b | How do you report S-corporation Shareholder loans / capital contributions? | [
{
"docid": "dc0f5b39efa96f612d974c9271078571",
"text": "As the owner of the S-corp, it is far easier for you to move money in/out of the company as contributions and distributions rather than making loans to the company. Loans require interest payments, 1099-INT forms, and have tax consequences, whereas the... | [
{
"docid": "cdf88af3f4a06fb4676cd304af9accb7",
"text": "Exec Insiders have to file with the SEC and some sites like secform4.com track it. But many insiders have selling programs where the sell the same amount every month or quarter so you would have to do your homework to determine if there are real signal... | fiqa |
dc1dc25883dd2bb3a7dcce38e94c1d34 | Capital gains and flow through tax treatment | [
{
"docid": "028a096c096a0e3346de1aa2bda02571",
"text": "For some reason this can result in either the flow through income being UNTAXED or the flow through income being taxed as a capital gains. Either way this allows a lower tax rate for LLC profits. I'm not sure that correct. I know it has something... | [
{
"docid": "bfbce967b0ac112361a262d4f6d7aa3d",
"text": "\"You uncle is liable to pay \"\"Capital-Gains\"\" tax. Essentially the sale price less of cost would be treated as gains. The gains are taxed at 10% without indexation and 20% with Indexation. The capital gains tax can be avoided if your uncle invest... | fiqa |
41e11ab7e18605100a783ade464b84aa | Using 2 different social security numbers | [
{
"docid": "07b529c7d2395c26971e103a1982d34f",
"text": "While I agree with keshlam@ that the gym had no reason (or right) to ask for your SSN, giving false SSN to obtain credit or services (including gym membership) may be considered a crime. While courts disagree on whether you can be charged with identity... | [
{
"docid": "a54e937f148df67e275dfb7d44858da7",
"text": "**Social Security number** In the United States, a Social Security number (SSN) is a nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, codified as 42 U... | fiqa |
b2922d9ffa9eca4457f7f9e76a342ea9 | I'm thinking about selling some original artwork: when does the government start caring about sales tax and income tax and such? | [
{
"docid": "ae96ebf7c42b5aa8611e7c1b9890c299",
"text": "First - get a professional tax consultation with a NY-licensed CPA or EA. At what point do I need to worry about collecting sales taxes for the city and state of New York? Generally, from the beginning. See here for more information on NYS sales tax. ... | [
{
"docid": "cba1425be952a8c31d88fddb317ac8f0",
"text": "I've had zero taxable income for the past 2 years and yet the calculations say I owe the government $250 for each year for the Self Employment tax. How can they charge a non-zero tax on my income when my taxable income is zero? That is theft. That de... | fiqa |
d81cb16eb0ffd92c4180c12107f0ac3a | If I helped my friend to file taxes; can I represent her on a phone call with FTB? | [
{
"docid": "43b6a6314df58b5577773b462b416b10",
"text": "In order for you to be able to talk to the FTB on someone's behalf, that someone has to submit form 3520. Note that since you're not a professional, this form must be paper-filed (CRTP, EA, CPA or attorneys can have this filed on-line). Once the form i... | [
{
"docid": "097521db220e281281b9e1ab8b2be1a0",
"text": "\"Does her dad still have the records from those tax years? If so, I would suggest using those as a basis and if they're complete, just filing them directly. If we're talking about software recommendations, I would suggest GenuTax as it allows for comp... | fiqa |
0abdef962266330766a1b3ffd247b6ec | Working out of India for UK company from 1 Jan 2016 on contract | [
{
"docid": "43840c5ebf587837d68e03a94f9ef63f",
"text": "Work under UK umbrella company. By this you are thinking of creating a new legal entity in UK, then its not a very great idea. There will be lot of paperwork, additional taxes in UK and not much benefit. Ask UK company to remit money to Indian saving... | [
{
"docid": "6c31cc642447b46b462ffbae99e40bcf",
"text": "\"As you are earning an income by working in India, you are required to pay tax in India. If you contract is of freelance, then the income earned by you has to be self declared and taxes paid accordingly. There are some expenses one can claim, a CA sho... | fiqa |
c467cb3ff38ff2d1e0f9ce0234076902 | Can a high down-payment on a house offset the need for proof of income? | [
{
"docid": "c76970e30c823bc2176824cf18ec15a3",
"text": "It's difficult to provide an exact answer as this will very much depend on the bank & the local regulatory scheme. However as a business owner you should be able to provide incorporation docs, some proof of ownership of the company and last years' fin... | [
{
"docid": "7cf5c99fe0c5d5951803ae8a0299a763",
"text": "The days are long gone when offered mortgages were simply based on salary multiples. These days it's all about affordability, taking into account all incomes and all outgoings. Different lenders will have different rules about what they do and don't ac... | fiqa |
7e8f729fa2261d27f35f630a35f7b388 | Help stuck in a bad first time loan! | [
{
"docid": "33990c5f6c1113de1a9550be690686a5",
"text": "\"I think the part of your question about not wanting to \"\"mess up more\"\" is the most important element. You say you know someone with good credit who is willing to co-sign for you, but let's be honest -- your credit isn't bad for no reason. Your ... | [
{
"docid": "a6e78d648403a607c83fb538ac0fd1d7",
"text": "I have recently been the lender to a couple people. It was substantially less money (~$3k), but I was trusting their good faith to pay me back. As a lender, I will never do it again. Reasons, Overall, not worth it.",
"title": ""
},
{
"docid... | fiqa |
68fa98a23b82a9674d311124a3b6296e | How do I keep an S-Corporation open when it has no revenues | [
{
"docid": "a796f978c46d7d3f1d734ad37fd0d6cc",
"text": "If you have no net income or loss, you can usually get away without filing a tax return. In Illinois, the standard is: Filing Requirements You must file Form IL-1120 if you are a corporation that has net income or loss as defined under the IITA; o... | [
{
"docid": "f666630aaa5280a13557a8aeb4135237",
"text": "Since you are looking at preserving the principal, I would recommend laddered CDs and short term treasuries (TIPs/iBonds)",
"title": ""
},
{
"docid": "55cab6c8c047f51ea5f0380b2fb3c27b",
"text": "\"Watch out for PO financing. A lot of th... | fiqa |
ac813e8564591e0a689c1f129e67fee2 | How effective are hotel condos for investment properties? | [
{
"docid": "d0255b03e9b26ac7886bc7db1ca7075a",
"text": "\"I agree with Joe Taxpayer that a lot of details are missing to really evaluate it as an investment... for context, I own a few investment properties including a 'small' 10+ unit apartment complex. My answer might be more than you really want/need, (... | [
{
"docid": "a0a18cc899a00d5fae3a6011f519d2c1",
"text": "\"A REIT is a real estate investment trust. It is a company that derives most of its gross income from and holds most of its assets in real estate investments, which, in this case, include either real property, mortgages, or both. They provide a way f... | fiqa |
5ac89e6d58c5702e8ccfd7b140308c6c | How do I pay my estimated income tax? | [
{
"docid": "7d040358f6a20041bc83832cbfa7f5f6",
"text": "Congratulations on starting your own business. Invest in a tax software package right away; I can't recommend a specific one but there is enough information out there to point you in the right direction: share with us which one you ended up using and w... | [
{
"docid": "177452e08f5bcd1a5ccb6fada4720bcd",
"text": "\"(Insert the usual disclaimer that I'm not any sort of tax professional; I'm just a random guy on the Internet who occasionally looks through IRS instructions for fun. Then again, what you're doing here is asking random people on the Internet for help... | fiqa |
1f211c2d31298c578118a3c1685fca2f | How do I report this cash bonus/tip on income tax return? | [
{
"docid": "8fd6c981891c253aa31da32c35cefe2d",
"text": "How do I report this on our income tax return? You should include it on Line 7 of your Form 1040. Additionally, you should report the extra payment to your employer if it was greater that $20. You can use From 4070 to do this if your employer does no... | [
{
"docid": "b86d06b83930b46c910d7c04b1b8f98e",
"text": "It should be reported as Miscellaneous Income. Congratulations for wanting to report this income.",
"title": ""
},
{
"docid": "a3b95031eb506b30bf9d5cc055cbaba9",
"text": "You should consult a US CPA to ensure your situation is handled c... | fiqa |
49c1e0f11ad427f8e527db5beb04e859 | How do I resolve Free Fillable Tax Form error F1040-524-01? | [
{
"docid": "d1513d548321287b8b1ab7d6ac433981",
"text": "\"Buried on the IRS web site is the \"\"Fillable Forms Error Search Tool\"\". Rather than including an explanation of errors in the rejection email itself, you're expected to copy and paste the error email into this form, which gives more details about... | [
{
"docid": "37fae8f27e78d0cf8f028bbb889a9884",
"text": "The employer most likely has already sent that money that was withheld to the IRS. Therefore they cannot refund you any money. Instead you need to get the money back from the IRS. You do this by filing a tax return. Your W2C will show that taxes were ... | fiqa |
3553a9b4af87328eeabd82e8adba1549 | Why doesn't Graham consider gold as an investment? | [
{
"docid": "b9cf1a9d3d8234f8adeeb92f3ab10905",
"text": "\"During Graham's career, gold and currency were the same thing because of the gold standard. Graham did not advise investing in currencies, only in bonds and stocks, the latter only for intelligent speculation. Graham died a couple of years after Nixo... | [
{
"docid": "0ff176eb7c422c1fc2cc9399e488d3c1",
"text": "I think what the person meant to say is that Gold is not a one stop solution. There's nothing wrong with having Gold in an otherwise diversified portfolio but you need to be aware about the potential downsides: The problem with gold is that its value n... | fiqa |
8b9b32d7f2bea1cb1f07706e6ce25446 | Pre-valuation of the company | [
{
"docid": "3045b540feb9f49fe398d1594def0733",
"text": "The value of the company is ill-defined until it actually has some assets and/or product. You give the investors whatever equity stakes you and they negotiate as appropriate for their investment based on how convinced they are by your plan and how badl... | [
{
"docid": "2b91ea9ba00641d019c71d2986da2f19",
"text": "the financial information is generally filed via SEDAR (Canada) or SEC (US) before the conference call with the investment community. This can take before either before the market opens or after the market closes. The information is generally distrib... | fiqa |
4ffa5ab7a898ab7e5fdbf786f6da9a64 | What's the appropriate way to signify an S-Corp? | [
{
"docid": "789c6ee5519a98310ca80232d15d7573",
"text": "\"S-Corp is a corporation. I.e.: you add a \"\"Inc.\"\" or \"\"Corp.\"\" to the name or something of that kind. \"\"S\"\" denotes a specific tax treatment which may change during the lifetime of the corporation. It doesn't refer to a legal status.\"",
... | [
{
"docid": "686ecacb36c2729a0beeb11c5f64af68",
"text": "\"I really wish they'd change the title to \"\"corporations\"\". Companies aren't the only thing that can be corporations and avoid jail. Other organizations that operate as partnerships or sole proprietors in effect operate as people that can be arr... | fiqa |
511f647aa9e7ea70119f54bf2a3663d6 | How did Bill Gates actually make his money? | [
{
"docid": "b06dbc7ce5a82c30fc8a0c8b1ccf8fd5",
"text": "Bill was the founder of Microsoft, so he did indeed have a large number of shares as the company was growing exponentially. He has previously donated a large share of his fortune to the Bill and Melinda Gates foundation, so his fortune would be even g... | [
{
"docid": "db8b1714a47d047e039ee0a498b8ef5a",
"text": "You seem to be confused - try answering these: 1. Whom do the traders work for? 2. What are the traders trading and how do they acquire those vehicles? 3. How does a company make money and how does that money get deployed? Google will be crucial fo... | fiqa |
ddde3bfcbeba47c7a44bd1ed4d65544b | Selling an app, sharing income, how does it work tax-wise? | [
{
"docid": "7c9c27918dd9dd2fcb07939a7735f3be",
"text": "There are a few different ways to organize this, but mostly I think you need to talk to a lawyer. The 50/50 split thing should be in writing along with a bunch of other issues. You could have one of you doing a sole proprietorship where the other pers... | [
{
"docid": "e11ac463150afa914242e4ad3e1b1a96",
"text": "It's income. It's almost certainly subject to income tax. As miscellaneous income, if nothing else. (That's what hobby income usually falls under.) If you kept careful records of the cost of developing the app, you might be able to offset those against... | fiqa |
3d234ba270dd3426e9867f4cdddca51b | How do you compare the sales of a company like Coca Cola against another company like JPMorgan Chase to figure out the best investment opportunity? | [
{
"docid": "7a36739f706ca09ab842d04ca1df17c1",
"text": "The question isn't sales but profits. Banks traditionally profit by making loans. Just as with a physical product, there are costs involved, income produced, and the difference between the two is gross profit. From there you can get net profit, and fro... | [
{
"docid": "47d614e8a3ff344a63666b7022297125",
"text": "Something to consider is how broad is Yahoo! Finance taking in their data for making some comparisons. For example, did you look at the other companies in the same industry? On the Industry page, the Top Life Insurance Companies by Market Cap are mos... | fiqa |
d0a56e43ac9b19d0d076beb980295ab0 | Do I need to file a 1099 form for contractors associated with hobby income? | [
{
"docid": "68a64f99ce3e7b39eb632a8f6aefc86a",
"text": "You are expected to file 1099 for each person you pay $600 a year. I.e.: not a one time payment, but the total over the course of the year. Since we don't know how much and what else you paid - we cannot answer this question. The real question you're a... | [
{
"docid": "d715a1051df70433a15f15013544d74a",
"text": "\"Thinking about the business overall, your \"\"profit\"\" would be: Since this is a sole proprietorship, the taxes are going to depend on your marginal tax rate. If you file jointly, your income will determine what your marginal tax rate is. If you f... | fiqa |
7da4cff5fec3df3e1046616882e29586 | What are the advantages of paying off a mortgage quickly? | [
{
"docid": "3086eab018f276f09b815f40e15f4828",
"text": "The main reason for paying your mortgage off quickly is to reduce risk should a crisis happen. If you don't have a house payment, you have much higher cash flow every month, and your day-to-day living expenses are much lower, so if an illness or job l... | [
{
"docid": "4bf65001c063594bdc70a9d5a0562c5b",
"text": "\"that would deprive me of the rental income from the property. Yes, but you'd gain by not paying the interest on your other mortgage. So your net loss (or gain) is the rental income minus the interest you're paying on your home. From a cash flow per... | fiqa |
3b7e9d033003b81c27ad01ac487ecca0 | Hired with W-9, will I owe estimated tax quarterly? | [
{
"docid": "e5ce258c252eb127e48a7a588eb6ee11",
"text": "You must pay your taxes at the quarterly intervals. For most people the withholding done by their employer satisfies this requirement. However, if your income does not have any withholding (or sufficient), then you must file quarterly estimated tax pay... | [
{
"docid": "3fe97da3da12776e31cfb58e16e57f81",
"text": "\"It's likely you don't have to make estimated tax payments if this is your first year of contracting (extra income), and your existing salary is already having taxes withheld. If you look at the 1040-ES: General Rule In most cases, you must pay estima... | fiqa |
ee50e68d3dd6e6ab7ccc97c212458bda | Save money in company for next year | [
{
"docid": "33815eb947ceaf1d6ce9d49424d4d5eb",
"text": "As was once famously said, Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes. — Benjamin Franklin, 1789 It's very likely that either the ... | [
{
"docid": "cfc47ffc8876a35795d33d3b1eec2905",
"text": "It's important to remember what a share is. It's a tiny portion of ownership of a company. Let's pretend we're talking about shares in a manufacturing company. The company has one million shares on its register. You own one thousand of them. That m... | fiqa |
0344646fa9e8ea02e6a177b3e1985b5f | Canadian in California - filing taxes as a non-resident | [
{
"docid": "1821d489190ca4b39fdd9e8a953ad6d1",
"text": "\"What do you mean by \"\"Canadian income\"\"? Was it income paid to you as wages for the job you did in the US? Or rental/interest income in Canada? If the former - then it doesn't go to NEC, it goes to the main part of the return. If the latter - it ... | [
{
"docid": "27fcc343ed9d01eac9eb28343ef02044",
"text": "\"The IRS W-8BEN form (PDF link), titled \"\"Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding\"\", certifies that you are not an American for tax purposes, so they won't withhold tax on your U.S. income. You're also t... | fiqa |
68608031ccdd3f689d935302e591f48a | Is this reply promising a money order and cashier check a scam? | [
{
"docid": "7ef100bc0d7e435fdc5fbb103eef4366",
"text": "\"It's a scam. The cashier's check will be forged. Craigslist has a warning about it here (item #3). What kind of payment do you think is not fakable? Or at least not likely to be used in scams? When on craigslist - deal only locally and in person. Y... | [
{
"docid": "b5825b7937a3c46f4dad210d283bc7aa",
"text": "Also see who has the authority to delete bills or items on bills. This was a huge scam with some servers I've worked with. If you can delete an entire bill that was paid in cash then that's money in your pocket.",
"title": ""
},
{
"docid": ... | fiqa |
efff2a7ff734605f5c950e38ccf7c1b6 | Auto loan: must make X payments before payoff | [
{
"docid": "3f619a6f40638cb8a9ed76badeb58cb7",
"text": "\"Paperwork prevails. What you have is a dealer who get a kickback for sending financing to that institution. And the dealer pretty much said \"\"We only get paid our kickback at two levels of loan life, 6 and 12 months.\"\" You just didn't quite read... | [
{
"docid": "40a99919f28a3c7d056d902e9656174f",
"text": "\"I want to first state that I'm not an attorney and this is not a response that would be considered legal advice. I'm going to assume this was a loan was made in the USA. The OP didnt specify. A typical auto loan has a borrower and a co-borrower o... | fiqa |
69c3c9e32154dbe19b0eb0627a1e9ba7 | How to pay myself as a single person corporation in Ontario? Should I get an accountant? | [
{
"docid": "b018fe2ddb7dcc9bf08e6fffdb96fb4f",
"text": "\"Get an accountant. Now. There are many subtle things that you do not know especially if you are just starting with your own corporation. There is also an issue of corporate tax return that you will have to face pretty soon. You should be looking for ... | [
{
"docid": "f0e35b50511df8a0a78fcdf833adddd5",
"text": "Compliance issues vary from country to country and, in the US, state to state as well. There'll be a number of levels, though: Bear in mind that it is not that these taxes and responsibilities don't apply to sole traders or unregistered businesses, it... | fiqa |
776ab56cb47f488169b14bda2e7a08aa | What can I do with “stale” checks? Can I deposit/cash them? | [
{
"docid": "bf12d9239afd6bb5780904023c229e61",
"text": "\"Check is an obligation to pay, and is unconditional. In the US, checks don't expire (there are countries where they do). Endorsements such as \"\"void after X days\"\" are meaningless and don't affect the obligation to pay. The bank is under no oblig... | [
{
"docid": "46691bddaf9882f2bfd4e34befd3fefa",
"text": "You can't cash the check silly. How can you go off on a rant when you can't even tell the difference between a real check and a promotional tool. If you don't want to call in an get info throw it away....simple. This thread made me laugh. Thanks fo... | fiqa |
aa1a4ae3c1023b774c7495f1944d4795 | Received mysterious K-1 form, seeking answers | [
{
"docid": "e0a23b436069fb1ebdb4e83095041424",
"text": "\"You should contact the company and the broker about the ownership. Do you remember ever selling your position? When you look back at your tax returns/1099-B forms - can you identify the sale? It should have been reported to you, and you should have r... | [
{
"docid": "7da971f8aec74ab1da208c8d182c2eb1",
"text": "\"Context: My parents overseas (Japan) sent me a little over $100,000 to cover an expensive tuition payment and moderate living expenses in 2014. They are not US residents, Green card holders or citizens. They did not remit the tuition payment dire... | fiqa |
7f91019b65c0e96b08a639ee7f92843a | Scammer wants details and credentials for my empty & unused bank account. What could go wrong? | [
{
"docid": "81f83347d821102d5035f7095584ee80",
"text": "\"It's a scam. Here are the many signs: The bank will never ask for your password. They can access your account without it. The bank will never use a customer's account for their own business. They have their own accounts. \"\"Some guy\"\" is not a ... | [
{
"docid": "56a97c40c97da11fcdc1e59da7c53531",
"text": "I'd imagine it is the same for an adult. The money probably gets withdrawn and that's it. However, if the scammer were to go to a branch in person, I'd imagine there would need to be some sort of photo identification to withdraw money. If it were onli... | fiqa |
678dca02e07dcaf35e9689a2cb3fe067 | Investment strategy for a 20 year old with about 30k in bank account | [
{
"docid": "2e35f9c35dc1300bc4e6f9d6ab4c05d0",
"text": "Thank you for your service. My first suggestion since your car is a planned for the near future is keep that amount in savings and just pay cash. There are plenty of attractive offers to entice you to finance your vehicle but there really is no compel... | [
{
"docid": "6fc9945af9c41291f054e379070cc7d6",
"text": "That expense ratio on the bank fund is criminally high. Use the Vanguard one, they have really low expenses.",
"title": ""
},
{
"docid": "dd95be1f34ff8792c8faad39fb544908",
"text": "I would focus first on maxing out your RRSPs (or 401k)... | fiqa |
a540b412054112678a2b471c16e0f231 | If you buy something and sell it later on the same day, how do you calculate 'investment'? | [
{
"docid": "bbeb069f1de0e2d785f8e9e064473933",
"text": "Your initial investment in this case is $9 on the first morning. Every other morning you are using part of your profits to buy the new piece of jewelry, so you are actually not investing any new funds. So each day you are effectively keeping $1 of your... | [
{
"docid": "888da6a98abd6f62d8e73f2e77d47203",
"text": "Suppose the price didn't drop on the ex-dividend date. Then people wanting to make a quick return on their money would buy shares the day before, collect the dividend, and then sell them on the ex-dividend date. But all those people trying to buy on th... | fiqa |
1f3a75976d10a9ccb8db2ea5f75e3a54 | How to start investing for an immigrant? | [
{
"docid": "2a0170070fd204fe883362846dae3670",
"text": "\"For starting with zero knowledge you certainly did a great job on research as you hit on most of the important points with your question. It seems like you have already saved up around six months of expenses in savings so it is a great time to look ... | [
{
"docid": "e52155c7cd64c68a652f09464c274bcc",
"text": "If you have money and may need to access it at any time, you should put it in a savings account. It won't return much interest, but it will return some and it is easily accessible. If you have all your emergency savings that you need (at least six m... | fiqa |
5afe924328dc5f338776e76018d68908 | Credit card fee and taxes | [
{
"docid": "664ac815a7ce281e2d8c534be6cb0ecc",
"text": "Credit card fees on a credit card used for personal expenses are not tax deductible. Credit card fees on a business credit card are deductible on schedule C (or whatever form you're using to report business income and expenses). If you are using the sa... | [
{
"docid": "908ab82153e1d1a47409f81c431298ca",
"text": "\"When you pay the flight, hotel, conference attendance fees of $100: When you repay the credit card debt of $100: When you receive the gross salary of $5000: Your final balance sheet will show: Your final income statement will show: Under this method,... | fiqa |
b480ebfdf5941b60f774fe72f446c270 | What is the relationship between the earnings of a company and its stock price? | [
{
"docid": "d722e7576e39a0409b6c1eba39447e38",
"text": "In general over the longer term this is true, as a company whom continuously increases earnings year after year will generally continue to increase its share price year after year. However, many times when a company announces increased earning and prof... | [
{
"docid": "b162c03324b8020cb7acdc8e7c8b3d0f",
"text": "\"Stock returns cannot be evaluated on its own. You need to take into account inflation and the return of other investment vehicles. Over the long run, you want to earn more than your peers (ie inflation), or lose less than them. Stock lets you buy int... | fiqa |
4e792fb9ac6a5d59c8faeb8be1276859 | Company Payment Card | [
{
"docid": "71a0b8631383a8b1177ba145a64901c7",
"text": "Most corporate policies strictly prohibit the card's use for personal use, even if the intent is to re-pay in full, on or before the due date. I'm certain it has something to do with limitation of liability, i.e. the monetary risk the company is willi... | [
{
"docid": "c067b0a743d2aaf8960e75893f99eff0",
"text": "Each company that has an account with the credit card network has to classify themselves as a particular type of business. The credit card company uses that classification to catagorize the transaction on your statement. If you buy a T-shirt at a groc... | fiqa |
a10a3aa06475bb39401d33df34df44ad | Calculating the cost of waiting longer for money | [
{
"docid": "46a9706b8227cb275cd42ac865c25ba9",
"text": "This looks correct to me, for simple interest. If you are dealing with compound interest, the formula would be: So, A = 500000(1+0.036/365)^(30), or 501,481.57, or an interest of 1481.57, assuming the 3.6% is the annual nominal interest rate and it is ... | [
{
"docid": "03e58b338037cb9b34f764a6061a51ca",
"text": "You want the net expense of the surcharge minus the rewards to be no more than the interest that you would pay otherwise. Where t is the compounding period for the rate D expressed as a fraction of the overall period for D. So if D is an annual rate... | fiqa |
eee5ea6e7d0808b3ee41f7d0456a3efb | Income and taxes with subcontracting? | [
{
"docid": "0eee29beb739a8a8abb87eff51649618",
"text": "Since you say 1099, I'll assume it's in the US. :) Think of your consulting operation as a small business. Businesses are only taxed on their profits, not their revenues. So you should only be paying tax on the $700 in the example you gave. Note, thoug... | [
{
"docid": "83b8ff6405ec069847836954c0674ea8",
"text": "If it's a legitimate cost of doing business, it's as deductible as any other cost of doing business. (Reminder: be careful about the distinctions between employee and contractor; the IRS gets annoyed if you don't handle this correctly.)",
"title": ... | fiqa |
e6f48be155c6686067e1fbabebe6ed8a | Can you depreciate assets differently between Federal, State, and Local? | [
{
"docid": "35685f5a4c779a86e91eaad2dfae76a3",
"text": "In general, you most definitely can. In some cases you must. However for each State you'll have to check whether you can choose how to depreciate. Many States require you to take the same depreciation as on the Federal schedule, including Sec. 179, oth... | [
{
"docid": "05106f27e856cd2f6b5bd98a7903936f",
"text": "Net worth is interesting as it can have a different number assigned depending on your intent. The number I focus on is my total retirement account and any brokerage account. I purposely exclude the value of my house.* This tells me how much I'm able t... | fiqa |
686312f7649e28a0af641961eabbf374 | How much taxes do corporations have to pay on dividends they receive from other companies? | [
{
"docid": "722cfe37451e536106593be9c7467805",
"text": "\"Summary: The corporation pays 33.3% tax on dividends it receives and gets a tax refund at the same rate when it pays dividends out. According to http://www.kpmg.com/Ca/en/IssuesAndInsights/ArticlesPublications/TaxRates/Federal-and-Provincial-Territor... | [
{
"docid": "6df8cd70429f5684a7e83090776d634f",
"text": "This is the point of the article. Somehow a company which is so successful has, for tax purposes, such a razor thin margin. So their taxation clearly isn't in keeping with its actual ability to pay, passing along the burden to other businesses and indi... | fiqa |
ce5c5578577f1f814edf640569c128c3 | When are payroll taxes due in the US? | [
{
"docid": "1c6d48e3499de5fc9f80e01ed4ebc9b0",
"text": "It depends on the size of the payroll, not on the number of employees. Probably you need to file Form 941 quarterly under this scenario. You may or may not need to deposit taxes more frequently. If you must deposit, then you need to do it electronic... | [
{
"docid": "22c0f2cf46cd1c218084c88abdbc96d4",
"text": "This is bullshit. The US government requires taxes to be paid in USD. There's your intrinsic value. If you want to be compliant with the federal law, your business and you as an individual are required to convert assets or labor into USD to pay them.",... | fiqa |
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