query_id stringlengths 32 32 | query stringlengths 9 5.38k | positive_passages listlengths 1 23 | negative_passages listlengths 9 100 | subset stringclasses 6 values |
|---|---|---|---|---|
fa84137dccc0984dd70422f44bc24012 | What are the contents of fixed annuities? | [
{
"docid": "3ff48ce11d8999080a58c40b042bd043",
"text": "\"An annuity is a contract. Its contents are \"\"a contractual obligation from the issuing company\"\". If you want to evaluate how your annuity is likely to fare, you're essentially asking whether or not its issuer will honor its contract. They're leg... | [
{
"docid": "359d3c194143a1f84f2c482a5df6ebdc",
"text": "\"There is no formula to answer the question. You have to balance return on investment with risk. There's also the question of whether you have any children or other heirs that you would like to leave money to. The mortgage is presumably a guaranteed t... | fiqa |
5affc83a9cfd0fbe8363305e47704a84 | How to determine whether 1099-MISC income is from self-employment? | [
{
"docid": "f61047fb54b551445d857275dd22d5d3",
"text": "\"These kinds of questions can be rather tricky. I've struggled with this sort of thing in the past when I had income from a hobby, and I wanted to ensure that it was indeed \"\"hobby income\"\" and I didn't need to call it \"\"self-employment\"\". Her... | [
{
"docid": "e78b35365288cf3823c4ae0b5e8b957f",
"text": "\"It's pretty easy. In the Interview Setup for Ufile, check the box for \"\"Self-employment business income\"\". Then during the process of filling everything out, you'll get a Self-Employment screen. It'll ask for the name of your business, but just p... | fiqa |
3e0e8393b7be468764929e1d8cd77692 | Why do 10 year-old luxury cars lose so much value? | [
{
"docid": "d08b579511bf8f3a61032d9812e4cca7",
"text": "\"They are overpriced to begin with. One reason is the fact that they are luxury cars. A second, related reason, is that they tend to push the technology envelope. All cars depreciate drastically the minute they are driven off the lot. This a good... | [
{
"docid": "e2c99ff02914e5fdf4bcd544d9e7b608",
"text": "\"It's all about what you value personally. I'm mid-30s and drive a $40K \"\"luxury\"\" sports car. I also happen to wear a $6K wristwatch every day. I purchased both of these items because I thought they were beautiful when I saw them. On the flip s... | fiqa |
84f34ee79e6dcfd6dc871d1c21eab217 | Automatic Extension online filing request gets denied w/ code R0000-052-01 - why? | [
{
"docid": "4462ce3779ad4d896b290b0c34ec9834",
"text": "There are penalties for failure to file and penalties for failure to pay tax. The penalties for both are based on the amount of tax due. So you would owe % penalties of zero, otherwise meaning no penalties at all. The IRS on late 1040 penalties: Here... | [
{
"docid": "109ca3b612a0ed712240453010ca9c4f",
"text": "This happened to me in the mid 90's. I wanted to withdraw enough cash from my account to buy a new car and they nearly panicked. I took a bank draft instead. I discovered afterward that they can require up to a week's notice for any withdrawl.",
"... | fiqa |
0ab4298b8106d259eeb42659318b2134 | How to handle missing W2 from failed direct deposit only company? | [
{
"docid": "55b2e971e9b595c7abcc28b01ad0078c",
"text": "Yes, there's a way. I actually wrote a blog post about it. Its a new service from the IRS which allows you pulling your account online. IRS also has an instruction page just for this case here.",
"title": ""
}
] | [
{
"docid": "34fe1827bcc69fdc3fcd8379b228bad4",
"text": "As others have said, make sure you can and do file your taxes on a cash basis (not accrual). It sounds like it's very unlikely the company is going to issue you a 1099 for invoices they never paid you. So you just file last year's taxes based on your i... | fiqa |
3cac4356d42a494ef48aaca78a27703b | When a publicly traded company splits into two how are common shares fairly valued, distributed? | [
{
"docid": "8611f8cbadc0cf3ddc4051b954763ed2",
"text": "How are shareholders sure to receive a fair percentage of each company? At the time the split occurs, each investor owns the same proportion of each new company that they owned in the first. What the investor does with it after that (selling one, for... | [
{
"docid": "8d3cb1fb84201278601a6f61c5feedfc",
"text": "What I know about small companies and companies who are not listed on the stock markets is this: If a small company has shares issued to different people either within an organization or outside the value of the shares is generally decided by the indiv... | fiqa |
c7128a0f6ac2b66ac1a5e96bda303451 | VAT and duties payable when importing personal goods from Switzerland and the Channel Islands to the EU? | [
{
"docid": "1ede95c0a604fa54afb8d89b0da5eac5",
"text": "\"http://www.hmrc.gov.uk/customs/tax-and-duty.htm#3 explains the Import VAT situation quite well. As for who enforces and collects it, if you're talking about buying online and having it shipped to you then you'll notice on the parcel a Customs sticke... | [
{
"docid": "86dd4affe11facfd623959bc8147d642",
"text": "If an item costs £10 excluding VAT, and you buy it from a VAT registered company, you will have to pay £12. You sell it for any price you like, and you don't add VAT. Let's say you set the price at £15 and sell 1000 items for £15. You take £15,000, yo... | fiqa |
2d5c8129962c9922ae6d9927e92e0fb3 | When is the right time to buy a car and/or a house? | [
{
"docid": "fcf95360f8338c753cdf113a0bb17793",
"text": "Buy a house when you can, but keep driving your current car until it dies. In ten years' time, a house should be worth more than you paid for it, while a new car will be worth next to nothing. And research shows that buying possessions like cars doesn'... | [
{
"docid": "64f9212da3a1b059f5771311c5862c51",
"text": "Get rid of the lease and buy a used car. A good buy is an Audi because they are popular, high-quality cars. A 2007 Audi A4 costs about $7000. You will save a lot of money by dumping the lease and owning. Go for quality. Stay away from fad cars and SUVs... | fiqa |
aa6dc38c2d30f295fbd18af5c039694e | When to register for a bank account for a C-Corp with no official money | [
{
"docid": "d146a6977cc30bc9a7693a2d74881d0e",
"text": "Technically, it's only when you need to pass money through. However consider that the length the account has been open builds history with the financial institution, so I'd open ASAP. Longer history with the bank can help with getting approved for thin... | [
{
"docid": "2aebc3236bf05398c43612ad19dc8249",
"text": "Well first off, I would advice you to do this research yourself. You should not base your selection off someone's opinion such as mines. With that being said, these are some factors I suggest you consider and research before talking to an offshore ban... | fiqa |
2f45bf863171086439f655058997d79a | S-Corp partnership startup. How to pay owners with minimal profit? | [
{
"docid": "83d700ae94fb9917fc1904ecdd1d0877",
"text": "\"If you're really interested in the long-term success of your business, and you can get by in your personal finances without taking anything from the business for the time being, then don't. There is no \"\"legal requirement\"\" to pay yourself a pr... | [
{
"docid": "300c2b236171618b127627cb296130ad",
"text": "Through your question and then clarification through the comments, it looks like you have a U.S. LLC with at least two members. If you did not elect some other tax treatment, your LLC will be treated as a partnership by the IRS. The partnership shoul... | 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 |
dbe8ee1fa80f08a3838f1ed19901435f | Risks associated with investing in dividend paying stocks for short term income. Alternatives? | [
{
"docid": "0ef34139733e51f293d8045477a1b831",
"text": "Your back of the envelope calculation shows an income of about 5.5% per year, which is much better than a bank. The risk of course is that in a few years when you want to sell the stock, the price may not be at the level you want. The question is what ... | [
{
"docid": "38209351c883c0ccdec99ec8f3586956",
"text": "\"I agree that you should CONSIDER a shares based dividend income SIPP, however unless you've done self executed trading before, enough to understand and be comfortable with it and know what you're getting into, I would strongly suggest that as you are... | fiqa |
562d8db9033b5a6e8a82d2d3e34267ef | Can I negotiate a credit card settlement by stopping payments? | [
{
"docid": "23be33c3b2889ecfdf0db730fc231fc8",
"text": "\"This would be on your credit for ~8 years. If it goes according to your plan, it will take 6 months to a year to do the settlement by getting behind enough to let it go to collections and then settling. The write-off will then be on your credit r... | [
{
"docid": "41738846c29b227d7c9af116f730c97e",
"text": "Ok so Arbitrage? I was looking specifically at the people who took this deal to the extreme taking the $5k and using the $10 giftcards to buy prepaid credit cards. Would the better term would be positive-feedback loop, since the only constraint would... | fiqa |
898c3e0b73dad4362f8467e502ee162f | Assessing risk, and Identifying scams in Alternative Investments | [
{
"docid": "75b58792cfda66919ddd3a60a4a8607c",
"text": "\"I have personally invested $5,000 in a YieldStreet offering (a loan being used by a company looking to expand a ridesharing fleet), and would certainly recommend taking a closer look if they fit your investment goals and risk profile. (Here's a more ... | [
{
"docid": "592918b1cf6d66a9a86a98c63e2ebbf6",
"text": "\"Another approach would be more personalized, which is to measure the risk of missing your goals, rather than measuring the risk of an investment in some abstract sense. Financial planners do this for example with Monte Carlo simulation software (see ... | fiqa |
223554a0130f77d8fb3bc0fc596a1da5 | Safe method of paying for a Gym Membership? | [
{
"docid": "e8984908037a8aab9f9934b96eed01f9",
"text": "\"Shady isn't quite the right word. They know that most of their customers are going to quit soon after they begin -- as in \"\"before the end of January\"\" -- so they lock you in while you're motivated. And of course they're going to make it diffic... | [
{
"docid": "d98599e2bb8795a543c46c226255323c",
"text": "If you're determined to save money, find ways to integrate exercise into your daily routine and don't join a gym at all. This makes it more likely you'll keep it up if it is a natural part of your day. You could set aside half the money you would spend... | fiqa |
ae90867939d6ad1055904acb2e091d36 | How do cashier's checks work and why are they good for scams? | [
{
"docid": "487a944a5e3950f79268a23928131b38",
"text": "\"There are two different issues at play here, and they are completely separate from each other: A bank or cashier's check is \"\"safer\"\" than a regular personal or business check because it avoids problem #1. Problem #2 exists with all kinds of pape... | [
{
"docid": "da786484da35c61111564223a3e58038",
"text": "Because large stores do not pay their cashiers enough that the companies can dock the employees' pay if they allow a bad credit card to go through. So most cashiers at large stores won't take the extra effort to check the card properly. As a result, ... | fiqa |
0b1a30b5262b3ac9adc35e708f5b6e00 | Repairs to a house in order to rent it that were paid by the beneficiary, but is still owned by a Trust | [
{
"docid": "3e2719b026c9708a7d51c44bc55c3aff",
"text": "\"The Trustee has allowed me to act as his \"\"agent\"\", continuing to pay bills, and take care of much of the administrative affairs for my mother's estate since I did all of it for years before she passed away. I was not paid for any of this w... | [
{
"docid": "2387abb9aaebd6d9af24c4eb31e8769e",
"text": "The house becomes an asset belonging to the estate of Alice. The debt also goes with the estate. The executor of the will should arrange for the debt to be paid off as part of sorting out the estate - they can't just hand out all the assets and leave... | fiqa |
4d8a8711adf8cf04d7ecd4d9585a351b | Economics of buy-to-let (investment) flats | [
{
"docid": "20ae132d01516ae7c708aed732a616e1",
"text": "Surely the yield should be Yield = (Rent - Costs) / Downpayment ? As you want the yield relative to your capital not to the property value. As for the opportunity cost part you could look at the risk free rate of return you could obtain, either through... | [
{
"docid": "9b7f66d0deb3fe87aea9a853975b835d",
"text": "I'm an Aussie and I purchased 5 of these properties from 2008 to 2010. I was looking for positive cash flow on properties for not too much upfront investment. The USA property market made sense because of the high Aussie $$ at the time, the depressed p... | fiqa |
47af87a0b2463ee72f90118333cb5a65 | Work as a contractor for my current employer rather than become a full time employee after my graduation for health insurance continued coverage | [
{
"docid": "5f6a9c142bc341ae805ef7da8e9e3b71",
"text": "There are several assumptions you made, that don't match the current laws: Costs: COBRA:",
"title": ""
}
] | [
{
"docid": "fb1125139fc50ffaa344b886c0656aaa",
"text": "\"But you aren't driving between your two jobs, you're driving for your job. The better analogy would be \"\"If I didn't buy commercial insurance, but was hiring myself out to do deliveried then my personal insurance better cover me if I hit someone be... | fiqa |
6bfd747b0dc86e7c65bcac7346ac672e | fastest way to move USD to EUR | [
{
"docid": "8995e92eb9f6fb42039cb4f73c8a21d5",
"text": "You're asking three different things: What is the fastest way, what is the cheapest way and what is the easiest way. You will not find one method that is all three at once. The fastest way is a wire transfer. The cheapest way that I've encountered is... | [
{
"docid": "5e378ee1d0052e8237391cc8a26c5555",
"text": "How should we disregard leverage when it's the leverage that creates the 'wipe-out' potential? If you simply convert 100K EUR to USDollars, you dollars might then fluctuate a few thousand, maybe even 10K over a year, but the guy that only put up 1000 E... | fiqa |
177b0b0c300354788ec352b832fb7f4d | How to minimize damage from sale of savings account | [
{
"docid": "4fa9a958bcecfdec736a47e992d6ebfd",
"text": "\"Bank of America has been selling off their local branches to smaller banks in recent years. Here are a few news stories related to this: Along with the branch buildings, the local customers' savings and checking accounts are sold to the new bank. I... | [
{
"docid": "65d0e65fc15b89d957ea8f4aacf84849",
"text": "Brokerages are supposed to keep your money separate from theirs. So, even if they fail as a company, your money and investments are still there, and can be transferred to another brokerage. It doesn't matter if it's an IRA or taxable account. Of cours... | fiqa |
b7e1cc77f3433f2d12ffc3db3129bbb8 | Old Cancelled Cards | [
{
"docid": "e05a4fe9b8fc3d695a78129c4107f782",
"text": "\"FICO 08, a newer fico formula that many lenders are simultaneously switching to now, ignores artificially lengthened credit history/score by piggybacking. So don't feel left out in that regard. Average age of accounts is affected when closed account... | [
{
"docid": "312d32a49042514a7405bb87a35c97c5",
"text": "I disagree with the reply. Your both impressions are correct. - Do not close old credit cards because they keep your credit rating high (fico score) - Also low utilization that credit cards report to credit rating companies, improves your rating.... | fiqa |
40341e49ac26c809dd9ea4282d98be9c | How to avoid tax when taking a windfall in small chunks? | [
{
"docid": "7e974e9c76ecdd9f3ffe8704ae2d3f48",
"text": "\"How can I avoid this, so we are taxed as if we are making the $60k/yr that we want to receive? You can't. In the US the income is taxed when received, not when used. If you receive 1M this year, taking out 60K doesn't mean the other 940K \"\"weren't... | [
{
"docid": "4f64466e73414eae8039731a97acc605",
"text": "Depending on the size of the donation, you may be able to reduce taxes further by donating appreciated assets, such as stock or fund shares that have gone up a lot. That lets you dodge the capital gains tax on redeeming the shares, and if you're donati... | fiqa |
b695ffa51ce4d82e85af785e546e62ee | Reconciling transactions reimbursing myself for expenses as self-employed (UK) | [
{
"docid": "149e6975ec0ef8dc8574c0e317133818",
"text": "\"For anyone that's curious, I had a number of chats with Quickbooks who recommended I import only the relevant business transactions from my personal account & personal credit card in order to lower the tax liability. This way money \"\"paid\"\" from ... | [
{
"docid": "d12eafeff696a9084ff5c95ad615c099",
"text": "Given your clarifying points, it sounds like you are running both businesses as one combined business. As such, you should be able to get just a single HST number and use that. However, let me please urge you to contact a professional accountant and po... | fiqa |
3542f6789b73b3f8e954bde58309eedb | Is being a landlord a good idea? Is there a lot of risk? | [
{
"docid": "0df0a1f4b9861df3f5e5942a2b3e3c49",
"text": "\"Risk is the capital you have staked in pursuit of profit. The danger is that you lose what you have risked. For some bets (risks), you can get insurance to cover for losses. Now the \"\"game\"\" of Landlord and Tenant requires you to play fully by ... | [
{
"docid": "8235e95dbdf4a3ee49fa95b34de43948",
"text": "The main point to consider is that your payments toward your own home replace your rent. Any house or apartment you buy will have changes in value; the value is generally going slowly up, but there is a lot of noise, and you may be in a low phase at an... | fiqa |
679db27438a79da05fb3ac27215bd86d | Are account holders with a bank better able to receive a loan from that bank? | [
{
"docid": "24e058c484d98223fa47598e0e7487ef",
"text": "\"Banks are businesses, and as such should have the right to refuse service, so they should probably be able to choose one customer over another at will. [I say \"\"should\"\" because business owners protecting themselves against litigation related t... | [
{
"docid": "7aaf70524fa96219a7e613e2ad496396",
"text": "Someone online asking for your bank account info never has your best interests at heart. They can send you a check and while it may take a while to really clear, they can't use it to suck money out of your account. Be very cautious.",
"title": ""
... | fiqa |
097b44f26b4cd87d2a2ffffbf320a782 | What is your effective tax rate if you work from home in Montreal for a company in Toronto? | [
{
"docid": "05443a44fc8d39a49dbe9480afdcbdce",
"text": "Assuming that you don't own the business, it would seem to apply. The CRA says: If you were a resident of Quebec on December 31, 2016, and you did not have a business with a permanent establishment outside Quebec, your refundable Quebec abatement is 16... | [
{
"docid": "1c63acd0b8f3d76f9dd620dc9995123e",
"text": "There are just too many variables here... Will you legally be considered a permanent resident from the moment you move? Will you work from home as a contractor or as an employee? Those are not questions you can answer yourself, they really depend on yo... | fiqa |
7733aca0a79ab43daa89c9a0d2535964 | Germany: Employee and Entrepreneur at same time (for getting AppStore payments) | [
{
"docid": "6bd9d272d2c1f443beb8f7f2851e50c7",
"text": "\"(Selling apps is AFAIK business, not freelancing - unless the type of app you produce is considered a freelancing subject. The tax office will give you a questionnaire and then decide). As Einzelunternehmer, you can receive the payments for the apps... | [
{
"docid": "05a2f8e0a28b65ca24ec68ecb84e114d",
"text": "The way I have seen this done in the past is the business will withhold taxes on the amount of the gift. Very much like receiving a bonus. There are probably other ways to do it where taxes are avoided like you boss could buy the gift for you persona... | fiqa |
5ecc24777b02c73f468267235995658d | A friend wants to use my account for a wire transfer. Is this a scam or is it legitimate? | [
{
"docid": "2bb927370e4c9c826f2438fd12069a89",
"text": "\"This is another version of an old scam -- \"\"let me have a check deposited in your account because I can't open one for some reason, and I'll share some of the money with you.\"\" Here the scammer is promising to \"\"start a business\"\" with you a... | [
{
"docid": "da157099bd7822e78f0992c122a1b165",
"text": "\"Usually services like Western Union or MoneyGram only give the recipient the money, not the information about who and when sent it. But you can verify with them directly. However, for legal/tax reasons, your friend might have to declare that it was ... | fiqa |
6d17bfb1d337f3e46cd23ee9bf6a4a71 | Avoid Capital Gains on Rental | [
{
"docid": "962a2ae56677cc7aa9e0ab8136392a97",
"text": "Don't let the tax tail wag the investment dog. There is risk in exchanging this (known) property for another (unknown) property. That risk may be more than $9000 worth of risk. Tax considerations are important, but most important is that your investmen... | [
{
"docid": "a4a581e544c5083cef6b408447f85bf5",
"text": "\"This is a great question, considering that all of your expenses including PITA, Maintenance, etc. are paid by a tenant, your cash flow is $0. Most people would stop and assume your investment is not performing and your only chance at making money is ... | fiqa |
0d99f0fa08fc46fbffa3ed440d2e3ebc | Official Bank Check | [
{
"docid": "73f5e6a099898a75ebca0e1e112713da",
"text": "The legal department at the Bank left me a message telling me that the bank check was paid & the recipient got the funds. Call up the bank and find out who the recipient was. Generally it can only be cashed by the person whose name is on it - the origi... | [
{
"docid": "db9727bc51b56367e0c52dcca1121c14",
"text": "\"When banks would return the actual physical cheque, at least you had some printing / writing from the other bank on it, as some type of not-easily-Photoshopped proof. Now many (most?) banks don't return the actual cheques anyway, just an image of it ... | fiqa |
45d01c430e6f2c78c84b9598c8fedb87 | Economics: negative consumer sentiment following failure to upsell | [
{
"docid": "154cb6245aee325ab80547c1a4c2849a",
"text": "There are several different participants in the transaction, and you may not be aware of all the issues: In some business (fast food) they are required to ask if you want to super size, they are expected to do this at every transaction, but aren't paid... | [
{
"docid": "4414f0a0fc68c5b95cb31cd937b5e0d0",
"text": "\"This actually works for some products, e.g. people are OK with paying a premium for \"\"fair trade\"\". There are also \"\"buy one give one\"\" programmes where people pay an extra to feel good about their purchase. It works if you have clear marke... | fiqa |
4107087d9c7af1a80544af955519b7ae | Investing in a offshore bank account | [
{
"docid": "66786513c4ca328a928805d2de4d7409",
"text": "when investing in index funds Index fund as the name suggests invests in the same proportion of the stocks that make up the index. You can choose a Index Fund that tracks NYSE or S&P etc. You cannot select individual companies. Generally these are pass... | [
{
"docid": "ecaf5b8798b632c7f3dde298577f22c5",
"text": "\"In this environment, I don't think that it is advisable to buy a broad emerging market fund. Why? \"\"Emerging market\"\" is too broad... Look at the top 10 holdings of the fund... You're exposed to Russia & Brazil (oil driven), Chinese and Latin Am... | fiqa |
b0e36be29f67a363c45510b1fe5dd2fe | Should I finance rental property or own outright? | [
{
"docid": "a7636e6bc2fd3e6df338ba31d13496e8",
"text": "To answer some parts of the question which are answerable as-is: Yes, mortgage interest is deductible. So is depreciation. See this question and others. It would be a good idea to put some money away for tax season, just as you should save some money t... | [
{
"docid": "7afe1fea85b8fbd92dabd49aec409b5d",
"text": "With student loans at 2%, I wouldn't pay a dime over minimum on that, and I certainly wouldn't sell an investment property to pay them off, you can get CD's that beat 2% interest. With the rentals, you could sell the one that isn't performing as well a... | fiqa |
f2df8325f65682e96d2265840830a816 | How to start personal finances? | [
{
"docid": "5d263c58e06cdef68f6e70bdde5012eb",
"text": "I'm assuming you're in Germany or Europe based on your question, but here's an American's perspective that should pertain you you as well: Once you have a steady income and an emergency fund large enough to keep you from going bankrupt, then start lear... | [
{
"docid": "4b65a7bc2e4502b2f706e84c5fc12f04",
"text": "\"As THEAO suggested, tracking spending is a great start. But how about this - Figure out the payment needed to get to zero debt in a reasonable time, 24 months, perhaps. If that's more than 15% of your income, maybe stretch a tiny bit to 30 months. ... | fiqa |
f175b565719d451e10271e532a540f80 | What options exist to make money in the US on a work-restricted visa? | [
{
"docid": "6e74fea104e655bf02e315036375f80b",
"text": "\"Income generated from online sales is not considered \"\"passive income\"\", so you need to be authorized to work in the U.S. Those without work authorization can acquire passive income (through investments, lending, competition/contest earnings, etc... | [
{
"docid": "cd457dc2775f548272da666b546bbfaf",
"text": "Unless you started a bank or other kind of a financial institution (brokerage, merchant processor, etc etc), the page you linked to is irrelevant. That said, there's enough in the US tax code for you to reconsider your decision of not living in the US,... | fiqa |
f664b19075265c4eedbd1ff7bdbaf00e | Is threatening to close the account a good way to negotiate with the bank? | [
{
"docid": "4ba84bfbdd386cc7be5016258b24fb99",
"text": "If this matters to you a lot, I agree you should leave. My primary bank account raised chequing account and transaction fees. I left. When I was closing my account the teller asked for the reason (they needed to fill out a form) and I explained it was ... | [
{
"docid": "6eeebb604046b2dd9274a55dbadbaf4f",
"text": "Your credit score is definitely affected by the age of your credit accounts, so if you frequently close one card and open another new one, you're adversely affecting the overall average age of accounts. This is something to consider and whether it is ... | fiqa |
d236e2bbcbe052f0d18cb28f0cd2ed9d | How to keep control of shared expenses inside marriage? | [
{
"docid": "8018eefd837fd80fcc3c6bd9a4cb2eb5",
"text": "\"JoeTaxpayer's answer mentions using a third \"\"house\"\" account. In my comment on his answer, I mentioned that you could simply use a bookkeeping account to track this instead of the overhead of an extra real bank account. Here's the detail of what... | [
{
"docid": "8ecad338e1109d173bd965ba1f489795",
"text": "\"What I've found works best when working on my personal budget is to track my income and spending two different ways: bank accounts and budget categories. Here is what I mean: When I deposit my paycheck, I do two things with it: It goes into my checki... | fiqa |
b997e3e883eaea1453764459f5921eb3 | Is it usual for a tradesperson not to charge VAT? | [
{
"docid": "4bb02012bad3dddacdc41b24f133285a",
"text": "Assuming this to be in the UK, and I suspect the rules are similar elsewhere, this indeed may be true. There is a threshold beneath which a business does not have to register for VAT - currently a turnover of £81,000. A non VAT registered business doe... | [
{
"docid": "0fa1960e798dc25693d87b9e37dfcadc",
"text": "Assuming you buy the services and products beforehand and then provide them to your clients. Should the cost of these products and services be deducted from my declared income or do I include them and then claim them as allowable expenses? You arrive a... | fiqa |
dd22e723cf1cc27a63ee885cf96a7776 | What tax year does my income get assigned to if my client sends the payment in December but I receive it in January? | [
{
"docid": "9dd31869c4426125f4661274ce6acfe0",
"text": "Confused? see your CPA",
"title": ""
}
] | [
{
"docid": "a4bd4532cbf311f482521dedb9c34ea4",
"text": "\"As long as you paid 100% of your last year's tax liability (overall tax liability, the total tax to pay on your 1040) or 90% of the total tax liability this year, or your underpayment is no more than $1000, you won't be penalized as long as you pay t... | fiqa |
733160e9877a60805cb573378a119dae | Does being on the board of a bankruptcy-declaring company affect my credit rating? | [
{
"docid": "22954e82dac6da86bb9c8a17320a9098",
"text": "The answer to your question is governed by the structure of the company and your ownership or lack thereof in the business. Australian business can be structured the same way U.S. ones are, as a sole proprietorship, partnership, LLC, or company. If y... | [
{
"docid": "8bba82847005e0638501d794ffa3685d",
"text": "\"0% furniture loans can hurt your credit rating. I was told by a bank mortgage officer (sorry I can't cite a document) that credit rating algorithms consider \"\"consumer\"\" loans like 0% appliance loans and certain store-specific credit cards as a n... | fiqa |
d13173a47ff206af82dbb93a501ad169 | Prize Money, Taxes and Foreign / International Students | [
{
"docid": "f41ce7e0d2fa9c6ff52ac387f7808299",
"text": "The committee folks told us Did they also give you advice on your medication? Maybe if they told you to take this medicine or that you'd do that? What is it with people taking tax advice from random people? The committee told you that one person should... | [
{
"docid": "9988d3b8411fc7579ae2b5955c69a7bc",
"text": "I'm guessing you're asking about the US. Please add a location tag to your question. Unfortunately you cannot claim expenses paid for someone other than yourself or your dependents. In IRS publication 970, that deals with education credits, they give ... | fiqa |
1b76f3f8e862e0103e9e5ec1dc3fb140 | What factors go into choosing residency? | [
{
"docid": "10d06e9d9bdbf2270cf09d670639571a",
"text": "A couple of thoughts. Tax benefits are the usual reasons to decide on one residency or another. International tax law is complex, and it's probably best to consult a professional. Certainly without knowing which the other country is I would not want to... | [
{
"docid": "76584b772b72dea8ca84e6bf733008b1",
"text": "The Kraemer and Kraemer Panama has a wide range of sorts of immigration in panama visas and residency programs offering perpetual residency, and by and large, full citizenship with an identification. Panama is universally perceived as the Top Offshore ... | fiqa |
10a093d07d924050436ee05b9991cb0a | Back of Check Images are Blank and not Endorsed | [
{
"docid": "a604457a8b2691dc2a260e9b318da026",
"text": "\"In general, a lack of endorsement (meaning nothing written by the receiver on the back of the check) is equivalent to it being endorsed \"\"as deposit only\"\" to a bank that the depositor has an account with. (See Uniform Commercial Code §4-205.) Th... | [
{
"docid": "071b3b8ff236f00fddadf437f90e4066",
"text": "Let me get this straight. I would stand my ground. Your son negotiated in good faith. Either they messed up, or they are dishonest. Either way your son wasn't the one supposed to know all the internal rules. I don't think it matters if they cashed the ... | fiqa |
631da080e465e3e4333e8d8f8b5bc49e | UK Limited Company paying third party medical costs | [
{
"docid": "3ea09bc062adfab744eeed0e795442c3",
"text": "According to HMRC's manual BIM42105, you can't deduct expenses of this kind when calculating your profits for corporation tax: No deduction is allowed for expenditure not incurred wholly and exclusively for trade purposes So at the least, the company w... | [
{
"docid": "36bc3419347f5ab9a094d1c7d866fbae",
"text": "\"Anything is negotiable. Clearly in the current draft of the contract the company isn't going to calculate or withhold taxes on your behalf - that is your responsibility. But if you want to calculate taxes yourself, and break out the fees you are rec... | fiqa |
fec3d5bc8ae617e7820c9d0548c3a8de | State tax issues for NJ resident with DC tax withheld, and likely refunded | [
{
"docid": "97311f295ea1deb9e67480d11a99e1bd",
"text": "If you already filed the DC return, you can try and wait with filing the NJ return until you get the answer from DC. You can file an extension request with the NJ division of taxation here. Or, you can file without claiming the credit, and worst case ... | [
{
"docid": "fcb2df2969c498e8cc9787fb8e1c130e",
"text": "I was only able to find Maryland form 1 to fit your question, so I'll assume you're referring to this form. Note the requirement: Generally all tangible personal property owned, leased, consigned or used by the business and located within the State o... | fiqa |
007421d80343e3762b74457ca55f0ebf | U.S. nonresident alien: Is my state tax refund taxable? | [
{
"docid": "dd1927df1085acf5e727daee195e88e5",
"text": "Federal income tax refunds received during 2016 are not taxable income for 2016 (or any other year) on either the Federal or the State tax return. The State income tax refund for 2015 received during 2016 is not taxable income on the State tax return f... | [
{
"docid": "1525ae32cf52879d47052ec31a67d930",
"text": "A non-resident alien is only allowed for deductions connected to producing a US-sourced income (See IRC Sec. 873). Thus you can only deduct things that qualify as business expenses, and State taxes on your wages. In addition you can deduct a bunch of s... | fiqa |
8f470f53b5035e258000fc4b64a5d32f | Roth IRA - Vanguard or Fidelity? If a college student had to pick one? | [
{
"docid": "8351c7da0a66759c0c00f43e8b8cc80e",
"text": "The minimum at Schwab to open an IRA is $1000. Why don't you check the two you listed to see what their minimum opening balance is? If you plan to go with ETFs, you want to ask them what their commission is for a minimum trade. In Is investing in an E... | [
{
"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 |
e085f225d174422fb5ca64a61c855758 | Insurance, healthcare provider, apparent abuse, lack of transparency | [
{
"docid": "579cd93851b102554f7383a3fb7ae85e",
"text": "\"Just as with any other service provider - vote with your wallet. Do not go back to that doctor's office, and make sure they know why. It's unheard of that a service provider will not disclose the anticipated charges ahead of time. A service provider ... | [
{
"docid": "92bf66e2acd8b02b24c6b590c57c3b8c",
"text": "\"What do you mean by \"\"interfering\"\" ? It sounds like you are making a negative judgement on gov controls. *Unbridled* capitalism is toxic - this is why America is a mess. Go read Adam Smith. Other western countries have tight controls over healt... | fiqa |
8f5f4a30340fd936921eb40628e618c1 | Is it safer to send credit card number via unsecured website form or by e-mail? What safer options are there? | [
{
"docid": "c940490267e27d4a4490817f7e68441f",
"text": "Buy a prepaid gift card, such as a MasterCard or Visa gift card. You can find them at the grocery store, a pharmacy, or your local bank. Provide this on their online form. If anyone steals your gift card information, you will have already used the fund... | [
{
"docid": "377cac873084e349792849a9b7b8c278",
"text": "Some already mentioned that you could pay with your savings and use the credit card as an emergency buffer. However, if you think there is a reasonable chance that your creditcard gets revoked and that you need cash quickly, here is a simple alternativ... | fiqa |
75681edca3c82e734317e52535c80fee | As a shareholder, what are the pros and cons of a Share Consolidation and Return of Capital? | [
{
"docid": "518b52c68869a5db8e185a64c74529c7",
"text": "\"The basic theoretical reason for a company to return money to shareholders is that the company doesn't need the money for its own purposes (e.g. investment or working capital). So instead of the company just keeping it in the bank, it hands it back s... | [
{
"docid": "c12ad1c75d8f5457aea6526a873e167c",
"text": "It's not all roses, as I understand it, one effect of a tax inversion move is that existing stockholders will get hit with capital gains tax on the stock they hold as part of the conversion process. Edit: going a bit further, often officers of the cor... | fiqa |
a4f2a82349603cdb5b5309a7e2a56484 | Does this sound like a great idea regarding being a landlord and starting a real estate empire? | [
{
"docid": "ec9961d911a037f952f77576264d16a0",
"text": "The idea you present is not uncommon, many have tried it before. It would be a great step to find landlords in your area and talk to them about lessons learned. It might cost you a lunch or cup of coffee but it could be the best investment you make. ... | [
{
"docid": "cdc8ee4b63ae9ac426fd4dad8942a239",
"text": "Huh, well it's working for me. I've got 3 properties and am a little over 25% of my goal to never work again. How would you suggest one get rich? I assume you have a better plan than he does?",
"title": ""
},
{
"docid": "3bc46add7bfe3ee10e... | fiqa |
4fe94d762bb7818b22f857c356cf3bc4 | Pros/cons of drawing income in retirement from sole-owner corporation vs. sole-proprietorship? | [
{
"docid": "18119c60e17d718132faa1012fcc402c",
"text": "\"Not really, no. The assumption you're making—withdrawals from a corporation are subject to \"\"[ordinary] income tax\"\"—is simplistic. \"\"Income tax\"\" encompasses many taxes, some more benign than others, owing to credits and exemptions based on ... | [
{
"docid": "955e605d7d9e30b65de3ac4aae14081b",
"text": "you can begin drawing retirement income from 401k, ira and roth accounts at any age. the key is that it must be retirement income. you can't blow it all on an epic party, but you can withdraw a modest amount every year while preserving enough capital ... | fiqa |
40201f6ee96f221bad1b361df10dfbf9 | First time consultant, doubts on Taxation | [
{
"docid": "823b2906fd183883e78f1d088118234d",
"text": "1.If the compensation that I receive is over 10 lakhs, how much would be deducted as tax No tax will be deducted by the company. You have to calculate the tax and pay in Advance by yourself. There are quite a few Banks that give you online facility to ... | [
{
"docid": "cf3539f86c66a80f473878e2c84b1c32",
"text": "\"It seems that you think you are freelancing, and they think you are an employee. What's bad for you, the tax office will also think you are an employee if they withhold tax for you. Alternatively, they think you are stupid, and they keep the money, b... | fiqa |
56f8bacd3173f18108ac1499fef8474c | Free “Rich Dad” education, with “free gift”: Is it legitimate, or is it a sales ploy? | [
{
"docid": "5d664fbfb68e97ecc4ec98ba26dbb090",
"text": "\"Robert Kiyosaki's is basically a get-rich quick author. But to answer your question: It is a sales pitch in disguise. See Marketplace's report on a Kiyosaki seminar, which reveals that the free work shop is a sales pitch for a 3-day work shop which ... | [
{
"docid": "809d62aaa231ba9b8270f484a753a9d5",
"text": "Yes. It's terrible with terrible advice such as insider trading. The insider trading is really the only advice that's not common knowledge such as buy assets not liabilities and pay yourself first. There is nothing in this book that would help anyone... | fiqa |
79702e6ca780835570a542fd0b17bafa | Is the MBA an overrated degree/qualification? | [
{
"docid": "861b30cbf96958570789286d2028629b",
"text": "\"For some situations, an MBA can be overrated in the sense that given the cost of time and money, it isn't going to be a great return in some cases. There can be tens of thousands of dollars and a couple of years to get an MBA that some people believe... | [
{
"docid": "0681be109399381fe948ecb67b895dda",
"text": "If you can get into the top school, it's a no-brainer to go that route. An MBA at a top school will not only give you an education taught by world-renowned professors but also a large network of students and alumni.",
"title": ""
},
{
"doc... | fiqa |
aac833227c90d71eb816fc820a949f96 | Self employed as IT consultant and as massage therapist: Do I need 2 HST numbers? | [
{
"docid": "d12eafeff696a9084ff5c95ad615c099",
"text": "Given your clarifying points, it sounds like you are running both businesses as one combined business. As such, you should be able to get just a single HST number and use that. However, let me please urge you to contact a professional accountant and po... | [
{
"docid": "1a47af56d5b794e7f58cdb39117264bd",
"text": "\"TL;DR - my understanding of the rules is that if you are required to register for GST (earning more than $75k per annum), you would be required to pay GST on these items. To clarify firstly: taxable income, and goods and services tax, are two differe... | fiqa |
5a5483510633f6b60a6468f37fc56138 | Taxable Website Ad Revenue | [
{
"docid": "d3d82e1a48bd6fd8afb26538e78100d8",
"text": "I'm not a tax advisor, but I've done freelance work, so... If any of your side-business revenue is reported on a 1099, you're now a business owner, which is why Schedule C must be filled out. As a business owner, minimum wage doesn't apply to you. All ... | [
{
"docid": "28132702905866ef072acfc647b5f91a",
"text": "I would put it under advertising. Technically the domain name should be amortized over its useful life... you can't really expense it all in the first year, unless it fits within Section 179.",
"title": ""
},
{
"docid": "054ecd42afa51caf218... | fiqa |
914123959e454479e430675a63d2d237 | UK - reclaim VAT on purchases for freelance work | [
{
"docid": "ed623c193cfc05a8c04cb3925bf45a18",
"text": "If you mostly do work for businesses/individuals who are VAT registered it's a no-brainer to become VAT registered yourself... Although you will have to charge your customers VAT (and pass this on to HMRC) because they are VAT-registered they will recl... | [
{
"docid": "e64e4e41b617d2c494ffa890cb6abe93",
"text": "After a bit of rooting around the HMRC sites, I found this page which says this: One key difference is that digitised products are classed as electronically-supplied services for VAT and customs duties. These services are: For VAT purposes, the place o... | fiqa |
c170c5057f05904125d55a5e6c66516b | What gives non-dividend stocks value to purchasers? [duplicate] | [
{
"docid": "b9a82cc5ffdef264b2df11525bdba9a3",
"text": "Dividends are not fixed. A profitable company which is rapidly expanding, and thus cash-strapped may very well skip dividends, yet that same fast growth makes it valuable. When markets saturate, and expansion stops, the same company may now have a larg... | [
{
"docid": "e5fd2fc3ea79e1c5c3779c8ed00a42f8",
"text": "\"Yes, there are non-stock analogs to the Price/Earnings ratio. Rental properties have a Price/Rent ratio, which is analogous to stocks' Price/Revenue ratio. With rental properties, the \"\"Cap Rate\"\" is analogous to the inverse of the Price/Earning... | fiqa |
a1a52afc9e4ad4b87fda0db0f4f54066 | Does the stock market create any sort of value? | [
{
"docid": "635b2da07686ff2edc334ce3019a7d44",
"text": "\"You are correct that a share of stock in a company has zero intrinsic value. Even if the company typically pays dividends, there's no guarantee that it will continue to do so. A share's only worth comes from: So that's one step better than a Ponzi ... | [
{
"docid": "5f818a172800ab3e8c4068baf50271cc",
"text": "The short answer to your question is yes. Company performance affects stock price only through investors' views. But note that selling for higher and lower prices when the company is doing well or poorly is not an arbitrary choice. A stock is a claim... | fiqa |
558cf4f1ef8efaf37dd465ac3343a749 | Market Hours and Valuations | [
{
"docid": "e6e2c4144b03eee8275d2caeee234a0b",
"text": "\"Company values (and thus stock prices) rely on a much larger time frame than \"\"a weekend\"\". First, markets are not efficient enough to know what a companies sales were over the past 2-3 days (many companies do not even know that for several week... | [
{
"docid": "b3df873e2c35947a0dea12b229e1a6b2",
"text": "The NYSE holidays are listed online here: https://www.nyse.com/markets/hours-calendars",
"title": ""
},
{
"docid": "705ee9b2dcdf79ccdb72df415ee392af",
"text": "thanks. I have real time quotes, but in the contest, if you put in a market... | fiqa |
fa962386a62444a813eeb612edff861f | Borrowing 100k and paying it to someone then declaring bankruptcy | [
{
"docid": "4ebdef47b59f8a0bdd4e4fba0440b5b3",
"text": "This is fraud and could lead to jail time. The vast majority of people cannot obtain such loans without collateral and one would have to have a healthy income and good credit to obtain that kind of loan to purchase something secured by a valuable asset... | [
{
"docid": "944149a6b55094f1bf61f9e833deb019",
"text": "You're going to want to work with a collection agency or law firm that specializes in collections. They'll buy the debt from you for something like 10-25% depending on the state and whether they are interested in something this small. People who don't ... | fiqa |
3f4997e2f0fed6d60f7dfb4ec1cda853 | Does getting a 1099 from another state count as working in another state if I was physically in my home state? | [
{
"docid": "a3a3447a48bcef183f29199d563d0e38",
"text": "This depends on the state law. In case of the State of New York - these are the criteria for sourcing the NY income: As a sole proprietor or partnership, your New York source income includes: Business activities As a nonresident sole proprietor or pa... | [
{
"docid": "97cbde3c965690a53a5b344eaf7ebe19",
"text": "Forms 1099 and W2 are mutually exclusive. Employers file both, not the employees. 1099 is filed for contractors, W2 is filed for employees. These terms are defined in the tax code, and you may very well be employee, even though your employer pays you a... | fiqa |
d2b17e46810349445b4ed23d1626aaf3 | American taxes if living outside the US and get paid by US company on a US bank account | [
{
"docid": "5a285a126c4ec7591bb3e03afcd6adc6",
"text": "I agree with Joe, having the money deposited to the US bank account may land you in trouble. Technically, a US business paying a foreigner must withhold 30% of the payment, unless a tax treaty says otherwise. The US business should do that based on you... | [
{
"docid": "85896178999fb87373832224dfd7bb96",
"text": "\"The short answer is that there is no US tax due if all you are doing is moving assets held abroad to the US. Whether you are a \"\"returning\"\" US citizen (or will continue your residence in the Philippines) is not relevant to this. The long answer ... | fiqa |
3e8aaccc1ac84c17ca837a0f8432b786 | What does HMRC (the UK tax agency) view as valid expenses for travel? | [
{
"docid": "cb60d460053ce5c63ebde8691c96b90a",
"text": "Food is almost never a valid expense. Reason for it is simple - if you were not conducting business you would have to eat too. Ad 1. I don't see why travel in that case would not be a valid expense, as the only reason for you to travel there is for bus... | [
{
"docid": "05b5668a792f490a1eda8dc402f8125e",
"text": "\"DirectGov has a good overview here: http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRentalIncome/DG_4017814 and answers to your specific questions here: http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnPropertyAndRenta... | fiqa |
681e2130ec94c004b4e1f47192943889 | Indian citizen working from India as freelancer for U.S.-based company. How to report the income & pay tax in India? | [
{
"docid": "2335c529b2a79cd1f83f13f9d7143e9a",
"text": "You can receive money directly into your savings bank account. It is perfectly legal. FYI the Bank as part of regulation would report this to RBI. As the funds are received for the services you have rendered, You are liable to pay tax on the income. Th... | [
{
"docid": "53bf4107ad51b4faddf73e9e30b2330c",
"text": "Staying out of India for a certain duration on a year (financial year) deems one to be considered NRI (non-resident Indian). NRIs are not taxed under Indian tax law as they are deemed subject to the resident country tax laws, so for NRI there is no tax... | fiqa |
baed489a8c194cd9573631e7668fd1f7 | Additional credit card with different limit on same account? | [
{
"docid": "90444e54339405ab045d9a427e75f038",
"text": "You can look into getting a business credit card. When I had my Chase business credit card, I could add authorized users to the main account and set a spending limit on each card.",
"title": ""
},
{
"docid": "15719a8b8ee5b0361f43e22b91f3d55... | [
{
"docid": "7fa07862de504222737b3d46f2e2ed20",
"text": "\"Unless you have a history of over-using credit (i.e. you've gotten yourself into debt trouble), then I think that the banker is giving you bad advice in telling you to get your own credit limit reduced. Having more credit available to you that is le... | fiqa |
7c5e6ae8ab42ff3548bcd0e792cabd56 | Strategies for paying off my Student loans | [
{
"docid": "6e749d75baf01102ec18f7913553b5f3",
"text": "My advice is that if you've got the money now to pay off your student loans, do so. You've saved up all of that money in one year's time. If you pay it off now, you'll eliminate all of those monthly payments, you'll be done paying interest, and you s... | [
{
"docid": "29922615ca4e1e72732efd362bcf2a41",
"text": "\"I don't have enough reputation in this community to comment yet, so this \"\"answer\"\" is really just a minor furtherance of JoeTaxpayer's comment... THe only thing I might add to this great answer - make all minimum payments, and send all extra ava... | fiqa |
1d57d3f2a2ec5b3345a8f9a25b29ee23 | Is there a White-list of Trusted Online Vendors? | [
{
"docid": "8c45ec28837ec110e437b539ed937129",
"text": "\"I'm going to go with \"\"ridiculous notion.\"\" :) The vast majority of businesses are legitimate, run by honest people trying to earn a living for themselves and their employees. These days, almost all of them accept credit cards. Crooked busines... | [
{
"docid": "d855a6639f5e5496aa280c5cbeca1f5a",
"text": "I don't understand why businesses that supposedly offer a legitimate product decide to host 3rd party code. Is their actual product so worthless that they need the extra few cents from ad revenue? And there are open source analytic packages that tell... | fiqa |
8b2629bbec8b8c534fce72277e4d1ea8 | Using a cash account can someone trade all day on it? | [
{
"docid": "df3ba61964ad73d3b460b90526748266",
"text": "No, you cannot. The cash settlement period will lock up your cash depending on the product you trade. Three business days for stocks, 1 business day for options, and you would need waaaaaay more than $5,000 to trade futures.",
"title": ""
},
{... | [
{
"docid": "5f53938fe4acef1c5ca2cc4e5bb639f7",
"text": "\"TLDR: Why can't banks give me my money? We don't have your money. Who has my money? About half a dozen different people all over the world. And we need to coordinate with them and their banks to get you your money. I love how everyone seems to think... | fiqa |
099bbb9168822337df96ab7e2e9e24bc | Why doesn't change in accounts receivable on balance sheet match cash flow statement? | [
{
"docid": "1bb77fd32ae8e227ef16984ac4c5b8b9",
"text": "\"I'm not an expert, but here is my best hypothesis. On Microsoft's (and most other company's) cash flow statements, they use the so-called \"\"indirect method\"\" of accounting for cash flow from operations. How that works, is they start with net inco... | [
{
"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 |
61e8fdd57f4ed17904cc8107b645d947 | When does Ontario's HST come into effect? | [
{
"docid": "7d3077586f1ca10a37851e7b9c4f23a8",
"text": "\"It looks like the HST will be in effect in Ontario on July 1st, 2010. As to whether it will replace GST with HST for all services, it looks like some sectors may get special treatment: Ontario may exempt mutual funds from HST (National Post). But ... | [
{
"docid": "ce25b1830452e713b8ff2b84a9d71f11",
"text": "\"Mutual funds generally make distributions once a year in December with the exact date (and the estimated amount) usually being made public in late October or November. Generally, the estimated amounts can get updated as time goes on, but the date doe... | fiqa |
788000c0cd93651492463e4bf2c461cb | When does a low PE ratio not indicate a good stock? | [
{
"docid": "258018bc30de9480e38e90433adec6f5",
"text": "\"Yes, there are situations where a stock is a bad buy in spite of a low PE. PE ratio tells you the current share price divided by the prior 4 quarters earnings per share. It does not consider: Imagine someone walked up to you and said, \"\"Do you want... | [
{
"docid": "763b874917da099d22ea9724fbc4d829",
"text": "PEG is Price to Earnings Growth. I've forgotten how it's calculated, I just remember that a PEG ratio of 1-2 is attractive by Graham & Dodd standards.",
"title": ""
},
{
"docid": "7260e33a94f0592cc40cc223803db899",
"text": "There are b... | fiqa |
356fe5efa351a742ecd4359f778ed81f | Are in-kind donations from my S-Corp tax-deductible in any way? | [
{
"docid": "c7f98dd7ed1bf4829b4c4624c3f71b51",
"text": "\"You should probably have a tax professional help you with that (generally advisable when doing corporation returns, even if its a small S corp with a single shareholder). Some of it may be deductible, depending on the tax-exemption status of the reci... | [
{
"docid": "e3fbc8def7c62a89fdfaa00e3e20db01",
"text": "\"As others have mentioned, it's important that there is a fair assessment of the market value of the items being donated. Joel's point about the government not looking kindly upon overvalued donations also applies in Canada: the CRA doesn't look kind... | fiqa |
4f0c891ee5211052bfe8ea10c12cc953 | What does the settlement date of short interest mean? | [
{
"docid": "e1fdcd7e54bb83602f5e55c5b27dc940",
"text": "At the bottom of the page you linked to, NASDAQ provides a link to this page on nasdaqtrader.com, which states Each FINRA member firm is required to report its “total” short interest positions in all customer and proprietary accounts in NASDAQ-listed s... | [
{
"docid": "f4644d808e6ad59b2b32bb273f916605",
"text": "Just adding on a touch, when market participants refer to swaps they are talking about the fixed leg. So for example, if I said a 5y Receiver, it means I am receiving fixed, paying floating. Ie I want yields to fall. Opposite for a Payer. Swaption i... | fiqa |
4ce69cfa0d808bf14db974ccee059016 | How to explain an income discrepancy to the IRS? | [
{
"docid": "881acfadb43654b366bba3cfe8ab2237",
"text": "\"The IRS doesn't tax \"\"increased wealth\"\" They tax Revenue -- income. If this money or property came to you as a gift, you would owe no tax on it but the giver probably would owe gift tax. If it came to you as a loan, you would owe no tax on it ... | [
{
"docid": "0dbe615376361cbe5aee13c01dac142b",
"text": "\"Hearing somewhere is a level or two worse than \"\"my friend told me.\"\" You need to do some planning to forecast your full year income and tax bill. In general, you should be filing a quarterly form and tax payment. You'll still reconcile the year... | fiqa |
3ecdfec97c35849808799aaacd27556b | How do I look for private limited partnership investment opportunities? (Or should I?) | [
{
"docid": "45f75f318140ab32ba09e27eb9b885aa",
"text": "\"Investing in an existing company is almost like buying a house, or even becoming an \"\"Angel investor\"\" in a start-up. Before you start the process, decide how much you want to be involved in the day-to-day and which industries you would feel most... | [
{
"docid": "7fb2ffdbc44f0f39716c4966623450b3",
"text": "\"First, you mentioned your brother-in-law has \"\"$100,000 in stock options (fully vested)\"\". Do you mean his exercise cost would be $100,000, i.e. what he'd need to pay to buy the shares? If so, then what might be the estimated value of the shares ... | fiqa |
0eda6ad84218ed45e1a054efe1a881ba | If earning as freelancer, is it better to be a Sole Trader or Limited Company? | [
{
"docid": "3ac188863937de2106c8c20b17e1bbb7",
"text": "As I understand it (please correct me if i'm wrong, i've looked at this before and i've been a sole trader briefly but I've never formed a LTD company) there are pros and cons to forming a limited company. Pros Cons",
"title": ""
},
{
"doci... | [
{
"docid": "6f502d2bdee21a91a60a914580f1d61e",
"text": "You can find a lot of information at the HRMC website at http://hmrc.gov.uk. If you don't want to work as an employee, you can register as self-employed (basically a one-man band), which is quite simple, you can start your own company, which is more w... | fiqa |
5dafb9f9b39f2d55b1369fa6777da4d8 | Can I register for VAT to claim back VAT without selling VAT applicable goods? (UK) | [
{
"docid": "390033140caf6afd5b6091dd66fc7e81",
"text": "\"As far as I know any business can register for VAT regardless of the nature of the business. If all the goods you sell (or services you provide) are VAT-exempt or zero-rated then you will get refunds from HMRC on VAT your business pays. Any business... | [
{
"docid": "f6596d074e54060305ee4274ca92893b",
"text": "\"Going by the information from Goods and Services Tax (GST) on the Australian Government website, there seem to be a number of possibilities. Note: First I am neither a tax expert nor a lawyer; this is simply my interpretation of the rules on the page... | fiqa |
0a0d785d559cc04a233ab1a30d6a6115 | Automatic transaction on credit card to stay active | [
{
"docid": "c994e56fbf8994af3ecd8cec6f6ab0b7",
"text": "Put one of your monthly bills on it. (Utility bill, Netflix, monthly donation to charity, etc.) I have several automatic, recurring monthly charges on my credit card. If you don't have any current monthly bills that you want to switch, contact the Red... | [
{
"docid": "46b26494beacf4d3c775ea55659accb4",
"text": "\"If you enter the transactions as you execute them (and categorize them then), Quicken will attempt to Match downloaded transactions with ones already in the register. \"\"Memorized transactions\"\" with known parties can also help. My credit card do... | fiqa |
7a10c24f58e88c125bc689905ccd34e9 | Are stores that offer military discounts compensated by the government? | [
{
"docid": "5419b5d99a25ab6ee6fa2ee99b2fda05",
"text": "Company X located outside a military base offer discounts to military as a form of marketing. They want to encourage a group of potential customers to use their store/service. In some cases they are competing with subsidized store on the base. In other... | [
{
"docid": "3b36305cf5bd1204e47a99690160c354",
"text": "The vendor needs to do this using apportionment, according to the VAT rules for mixed supplies: If you make mixed supplies and the individual supplies are not liable to VAT at the same rate then you need to work out the tax value of each supply in ... | fiqa |
af8dcb3e3ec29b019b5fe0d35395fc1c | Can I claim a tax deduction for working from home as an employee? I work there 90% of the time | [
{
"docid": "af94bde04c5e56fce68e17efd75ae0cc",
"text": "The short answer is yes you probably can take the deduction for a home office because the space is used exclusively and you are working there for the convenience of your employer if you don't have a desk at your employers office. The long answer is tha... | [
{
"docid": "0a788c0d227d60e290dc71775c247243",
"text": "Yes, you've summarized it well. You may be able to depreciate your computer, expense some software licenses and may be home office if you qualify, but at this scale of earning - it will probably not cover for the loss of the money you need to pay for t... | fiqa |
23c46620b2142e4f1032014729b1273f | Do I need to pay Income Tax if i am running a escrow service in India | [
{
"docid": "0ddf5935ce37f66c96defd0182a0c28d",
"text": "\"This may be closed as not quite PF, but really \"\"startup\"\" as it's a business question. In general, you should talk to a professional if you have this type of question, specifics like this regarding your tax code. I would expect that as a busine... | [
{
"docid": "4972d02c5cb0088e316851b3f20b2dee",
"text": "Tax is due in India as you offered services from India. So whether the International Client pays via Credit Card, Bank Transfer, Paypal or any other means is not relevant. Even if the International Client pays you in a account outside India; it is sti... | fiqa |
454dfc10cdb8876e567f36971188a50e | Do I need to pay quarterly 1040 ES and 941 (payroll)? | [
{
"docid": "12145f28caf8629f91f0f822a8de3b2c",
"text": "Don't overthink it. As an employee, whether of your own corporation or of someone else, you get a salary and there are deductions taken out. As the owner of a business you get (hopefully) business profits as well. And, in general, you often have other ... | [
{
"docid": "cf9d3194a23f0e9f668052dac979fcc2",
"text": "If you have non-salary income, you might be required to file 1040ES estimated tax for the next year on a quarterly basis. You can instead pay some or all in advance from your previous year's refund. In theory, you lose the interest you might have made ... | fiqa |
6b2d7599e07217c9cf9ad7570ee46321 | Theoretically, if I bought more than 50% of a company's stocks, will I own the company? | [
{
"docid": "52ab18a2a7ca03e479b2e9b8ed29d002",
"text": "You'll own whatever fraction you bought. To own the company (as in, boolean - yes or no) you need to buy 100% of the outstanding stock. RE controlling the company, in general the answer is yes - although the mechanism for this might not be so straight ... | [
{
"docid": "ac087fe705c43712747a7c55daaad272",
"text": "A lot of these answers are strong, but at the end of the day this question really boils down to: Do you want to own things? Duh, yes. It means you have: By this logic, you would expect aggregate stock prices to increase indefinitely. Whether the pric... | fiqa |
468edc5395eb0b4b8c58f70c24f6c03e | Using a self-directed IRA to buy vacation condo, rent it out to an LLC for $1 | [
{
"docid": "979881b8e14f0b7ad3e0320c744d9129",
"text": "\"Self directed IRAs have rules to prevent self-dealing of this sort called \"\"prohibited transactions\"\". You can't buy or sell or lease assets or obtain services from anyone closely linked to you or any beneficiaries of the IRA. You can't loan your... | [
{
"docid": "fb4538721131cc3f19655a02ffa66286",
"text": "\"If you start an LLC with you as the sole member it will be considered a disregarded entity. This basically means that you have the protection of being a company, but all your revenues will go on your personal tax return and be taxed at whatever rate... | fiqa |
e080702d21157f5985c6ea1dff990a0b | Will I have to pay taxes for Australia if I have an Australian bank account? | [
{
"docid": "208e8e6f82fcd8cd2d8e45af2e8a510e",
"text": "Because you actually reside in New Zealand, your income taxes will be paid in New Zealand. However, as a non-resident of Australia you will have tax withholding on all of the interest you earn in an Australian bank account. Obviously, because that tax ... | [
{
"docid": "2148f54cd790ae6431fc9768685838ae",
"text": "This person must pay taxes in both the overseas country and in the U.S. This is unusual; generally, only the U.S. demands this. Depending on the specific country, he would likely not be taxed twice as the U.S. generally recognises tax paid in a differe... | fiqa |
6fac76636692a27d9c4dd95c96a0ce59 | Are PINs always needed for paying with card? | [
{
"docid": "2ba2c626ca84ace787e7a478a3acbf83",
"text": "There generally isn't much in the way of real identity verification, at least in the US and online. The protection you get is that with most credit cards you can report your card stolen (within some amount of time) and the fraudulent charges dropped. ... | [
{
"docid": "cc42d8ae9f3c8806be1440b68ecf5bb5",
"text": "If your goal is to make it harder for you to use to make impulse purchases then YES. Having to always have cash for purchases will make you less likely to make impulse purchases you don't really need.",
"title": ""
},
{
"docid": "159d80d9f... | fiqa |
d4acf24da44b1bdc5c4f2ff21d281994 | Do I make money in the stock market from other people losing money? | [
{
"docid": "bb0c5c46cfaa2d01754b7181fb667bda",
"text": "\"Do I make money in the stock market from other people losing money? Not normally.* The stock market as a whole, on average, increases in value over time. So if we make the claim that the market is a zero-sum game, and you only make money if other peo... | [
{
"docid": "7885461d2f4f9593513df4f245d4d883",
"text": "\"I understand you make money by buying low and selling high. You can also make money by buying high and selling higher, short selling high and buying back low, short selling low and buying back even lower. An important technique followed by many techn... | fiqa |
85e8f940ae1becfc90e973c64f3b020d | Joining a company being acquired | [
{
"docid": "641bd43f251dadbdf5ca1d0a1a7a0552",
"text": "\"Is there anything I need to ask or consider during my negotiation process based on the fact that they probably will soon be own by another company? Very tricky situation. You are being hired by one company, and one hiring manager. But you already... | [
{
"docid": "28ec486934904404fe18e53cf843ce76",
"text": "\"Here is one \"\"other consideration\"\": don't, don't, don't sell based on insider information. Insider trading can land you in jail. And it's not restricted to top executives. Even overhearing a discussion about the current status of the acquisition... | fiqa |
44b0eb78eb8c072351a7cdf032648cc6 | How should I record invoices in foreign currency in GNUCash? | [
{
"docid": "bc6e266b59ecc292bde5266b4226db53",
"text": "\"The solution I've come up with is to keep income in CAD, and Accounts Receivable in USD. Every time I post an invoice it prompts for the exchange rate. I don't know if this is \"\"correct\"\" but it seems to be preserving all of the information abou... | [
{
"docid": "72b452624646db70ff1533aa27000710",
"text": "I haven't seen this answer, and I do not know the legality of it, as it could raise red flags as to money laundering, but about the only way to get around the exchange rate spreads and fees is to enter into transactions with a private acquaintance who ... | fiqa |
cee9ee78350c3cfb72013295bead42be | Any tax advantage for registering a residential house as a business? (I want to apply legal pressure to my landlord) | [
{
"docid": "fab868581152d6464183e52963bacff7",
"text": "\"To the best of my knowledge, in California there's no such thing as registering a place as a business. There's zoning (residential/commercial/mixed/etc), and there's \"\"a business registered at a place\"\". But there's no \"\"place registered as a b... | [
{
"docid": "c02c01c6ca9bab6e0eeb104dac733e3e",
"text": "\"This article on the landlord website Property118.com shows a simple example, demonstrating that a private landlord with a mortgage could see a huge jump in their effective tax rate (in this case, from 18% to 67% by 2020), while a corporate landlord w... | fiqa |
897cfe7cc6a5015c05517d56dc2084cc | Difference between a mortgage and buy-to-let in UK | [
{
"docid": "95540cd3cda0fc31266f42621fd93732",
"text": "\"Residential mortgages normally explicitly state that the property cannot be let without explicit permission, whereas BTL mortgages typically require that the property be let. There are other differences. Residential mortgages are regulated, which mea... | [
{
"docid": "933d4d77ab71aaf0bdb5e1d198ab6f1b",
"text": "When I bought my own place, mortgage lenders worked on 3 x salary basis. Admittedly that was joint salary - eg you and spouse could sum your salaries. Relaxing this ratio is one of the reasons we are in the mess we are now. You are shrewd (my view) ... | fiqa |
fbb611f46f24a70737deb97f99454f4b | Could someone place an independent film on the stock market? | [
{
"docid": "b1033620e57abedf226a7348b6797f25",
"text": "\"When we say \"\"stock market,\"\" we are usually thinking of the publicly traded stocks, such as the New York Stock Exchange or the NASDAQ. Shares of individual products do not go on these exchanges, only large corporations. You won't see a stock ti... | [
{
"docid": "23497b6f874834bdef745b5d043aa47b",
"text": "\"I have an account with ETrade. Earlier this week I got an offer to participate in the IPO proper (at the IPO price). If Charles Schwab doesn't give you the opportunity, that's a shortcoming of them as a brokerage firm; there are definitely ways for r... | fiqa |
4aa72596152bd64dc6836315db7f78a1 | Company requires me to use my personal cell phone to work. Writeoff? | [
{
"docid": "22e3750962b1dcc273e770bbe1ba72f9",
"text": "Not authoritative, but according to TurboTax: If your new cell phone acts as both your business and personal phone, you are only allowed to deduct the portion used for business from your taxable income. It’s important for you to hang on to your itemize... | [
{
"docid": "ced865df0eb2464f46ff31ca887ed471",
"text": "I don't know about the US, but in the UK this is common practice, even required in some situations, and not sketchy at all. It's perfectly legal, saves you tax, and protects you from a legal standpoint. (i.e. what if you break something and your employ... | fiqa |
b7854aef3cea96ae4c014275ba501e26 | Is an analyst's “price target” assumed to be for 12 months out? | [
{
"docid": "f0e97da6a1332f123f9e670ed9c6443e",
"text": "I wouldn't put too much stock in the guidance generically... it's more a measure of confidence in the company. When you listen to the earnings calls and start following a particular analyst, you'll understand where they come from when they kick out a n... | [
{
"docid": "c189277f36f28c2d2c117dbfbf90c88c",
"text": "\"Systemic and well know patterns in sales are priced in to the security. Typically companies with very cyclical earnings like this will issue guidance of earnings per share within a range. These expected earnings are priced in before the earnings ar... | fiqa |
fd05c0291e992997b5c2f7ded49b7d16 | A merchant requests that checks be made out to “Cash”. Should I be suspicious? | [
{
"docid": "75923e7b98826c603a28f39e0c475517",
"text": "There are legitimate reasons: I wouldn't jump the gun and assume that this person is avoiding taxes, etc. Barbers are usually licensed professions. Since it's generally a cash business, they tend to get audited more often by the tax authorities. That s... | [
{
"docid": "a7f53388750c3c3aa69d751131546f00",
"text": "From my reading of the wikipedia page (CRT), this only happens if you deposit or withdraw currency, not checks. The idea behind this is that checks, ACH, etc. leave paper trails that can be tracked. Cash doesn't, so it gets this extra level of scruti... | fiqa |
2ae2a4d2e2c39d6b12548fdf7a623ca4 | What threshold to move from SEP to Solo401k? | [
{
"docid": "601b2c05dbc63338c48d2705602453ef",
"text": "I think this article explains it pretty well: Contributions to a SEP are limited to 20% of your business income (which is business income minus half of your self-employment tax), up to a maximum of $45,000. With a solo 401(k), on the other h... | [
{
"docid": "441c9c7dbaf65942463e75068c6c32b4",
"text": "I'll offer another answer, using different figures. Let's assume 6% is the rate of return you can expect. You are age 25, and plan to retire at age 65. If you have $0 and want $1M at retirement, you will need to put away $524.20/month, or $6,290.40/y... | fiqa |
27db0e02bf0e42cbcd60a99cbd6d138b | Can a shareholder be liable in case of bankruptcy of one of the companies he invested in? | [
{
"docid": "5938b4fa65cfd89f3ab79fcaa8841dc8",
"text": "\"No. One of the key ideas behind a corporation is that an investor's liability is limited to the amount he invests, i.e. the amount of stock he buys. This is the primary reason why small businesses become corporations, even though one person owns 100%... | [
{
"docid": "7f0b2035b9854c22bee04b280dbc32aa",
"text": "You should double-check what it means to be in [Chapter 11](http://en.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code) Yes, by filing for bankruptcy, the company gets some protection from creditors and some of their investment dries up, bu... | fiqa |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.