query_id stringlengths 32 32 | query stringlengths 9 5.38k | positive_passages listlengths 1 23 | negative_passages listlengths 9 100 | subset stringclasses 6
values |
|---|---|---|---|---|
b256cbfa507ebb418e44cca913c3711c | Expensive agenda book/organizer. Office expense or fixed asset? | [
{
"docid": "4e55c41eeea44abe48efafbed6d0ab44",
"text": "If your business pays taxes, it is in your best interest to expense it. Even if you don't pay taxes, setting your capitalization policy low enough to capitalize an office organizer (even a nice one) will give you headaches when your business grows larg... | [
{
"docid": "2a0cdfb465cc280f9d44a1a6d815150e",
"text": "Straight line depreciation is marginal as far as I understand. It would be a flat expense each year. Unless you mean 2 mil year one and 4 mil for years one and two combined and it's just written ambiguously here. It seems pretty straight-forward to me.... | fiqa |
d958a4dd256a36f63423dd659315c191 | Are ACH transfers between individuals possible? | [
{
"docid": "6fe59b73bc4ebfe8b534e03f3f4cc6a5",
"text": "\"Yes, many banks offer such a service. Often such payments can be made through their \"\"bill pay\"\" interface. You log in to your account on the bank's website, enter the recipient's routing and account numbers, and off you go. You could ask your ba... | [
{
"docid": "8a5d470327994078ddafe263e20ca5f4",
"text": "I use a hack to do this sort of thing: I have an ING Direct online bank account. I link both of bank accounts I want to transfer between to the ING Direct account. I transfer between them by moving money to ING direct and then from there to wherever. A... | fiqa |
25edaf544b7fd644ba9e63054f5684a3 | How do Islamic Banking give loans for housing purposes? | [
{
"docid": "acb94a9e1d388b05abaf94b5a3a69cde",
"text": "If the customer pays 20% of the payment in advance, then he is he owns 20% of the house and the bank owns 80%. Now they say he pays the rest of the amount and also the rent of the house until he becomes the sole owner of the house.",
"title": ""
... | [
{
"docid": "c7ef1a2fdbb1359261574b34d2c11589",
"text": "A financial institution is not obligated to offer you a loan. They will only offer you a loan if they believe that they will make money off you. They use all the info available in order to determine if offering you a loan is profitable. In short, whet... | fiqa |
4222932967669fa05e008bb311067afa | What is a clearing bank, in specific, what does RMB clearing bank do? | [
{
"docid": "58860fe0de482e4d2eb3464f2934d2b9",
"text": "\"Clearing means processing unsettled transactions. Specifically - all the money transfers between the banks, in this case. Clearing Bank for RMB business means that all RMB transactions will be cleared through that specific bank. If bank A in Hong Kon... | [
{
"docid": "e9e8f1ee96ea1cf4023d0c344ae4d35d",
"text": "The check clears when the receiving bank successfully pulled the money from the issuing account. However, the receiving bank may hold the money for an additional time before giving it to you. Sometimes this is done for good reasons (to prevent Check ki... | fiqa |
146b680e601f01e81e743f770a4e1606 | Canadian accepting money electronically from Americans | [
{
"docid": "d11cb4a3b0931a5b400b4622e812ebf8",
"text": "I am not aware of a version of Interac available in the U.S., but there are alternative ways to receive money: Cheque. The problem with mailed cheques is that they take time to deliver, and time to clear. If you ship your wares before the cheque has cl... | [
{
"docid": "ed7f6e1d3fdc84d50b5109a5767fead5",
"text": "\"The other answers describe why this is highly likely to be a scam. This answer describes why you don't want to get involved, even in the unlikely case that it isn't a scam. I'm describing this using US law (which I'm not particularly familiar with, ... | fiqa |
fdbe76bf38ab13a79af0e3555ec06ed9 | Changing Mailing Adress | [
{
"docid": "e4e737a1d341684e7ec552449ffb19bb",
"text": "If you call them, you can make sure they'll use the new address, but if you want to do it online, there is some risk that the update is delayed. Note also that an address change with an immediate request for a replacement debit card smells very fishy -... | [
{
"docid": "330f47ad6c66d22e32a300dd81b5d63a",
"text": "\"It depends on the rules in the specific places you stay. Specific places being countries or states. Some states may consider pension payments to be taxable income, others may not. Some may consider presence for X days to constitute residency, X d... | fiqa |
1b65e2396e1d59279abdcc6eba8fe14e | Paying myself a distribution caused a negative Owner's Equity account balance? Is this normal? | [
{
"docid": "e05ba5060c8505bef6a7125afc98bf91",
"text": "\"It's not abnormal for a company that is as young as yours seems to be. It seems (based on what little I know), that you have debts, or accounts payable that were formerly covered by the $200 cash, but now aren't, because you paid it to yourself. For ... | [
{
"docid": "b573ff1763f664a030871b1be7801af5",
"text": "Could be misunderstanding your context. But ev = equity + debt - cash. So don't think it makes sense for an equity holder to have an individual ev/ebitda different from the company's. Are you asking in context of valuing equity and debt from an ev/eb... | 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 |
8a5fb66fde0e70d914728440dfc7f7ad | Taxation of shares | [
{
"docid": "1ed8bea64c7ee837c5c72e696725d515",
"text": "If you sell your shares for more than their value at the time you received them (i.e. you make a profit) then you will be liable for capital gains tax - but only if the profit exceeds your annual allowance (£11,100, in tax year 2015-16). This is unrela... | [
{
"docid": "34143732aa5386271946327f19199cab",
"text": "Surprisingly enough, this one isn't actually all that complicated. No, you will not be taxed twice. Dividends are paid by the company, which in this case is domiciled in Spain. As a Spanish company, the Spanish government will take dividend witholdin... | 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 |
b07ce295ab0cdebf84df42a43eb42461 | LLC in states with customers with and without employees in the state | [
{
"docid": "776d1b6aa23bf68f4ab21bf947292452",
"text": "If I hire someone in Utah to do sales for me over the phone, and he works out of his home, am I required to register an LLC or file my current one as a foreign entity in Utah? Yes, since you've established presence in Utah. You'll register your cur... | [
{
"docid": "eb2a95119679e24f2467dcdd08ca9b5b",
"text": "Your question mixes up different things. Your LLC business type is determined by how you organize your business at the state level. Separately, you can also elect to be treated in one of several different status for federal taxation. (Often this auto... | fiqa |
a8d95bbb2a5808e3f17d3a092c9fd266 | FATCA compliance for small Foreign Company. What do I need to do? | [
{
"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,... | [
{
"docid": "00bc89ab3a0057676da35438e13822f5",
"text": "I have just established a limited company (three directors spread around the UK) and I am in the process of setting up a business account. We will be able to arrange everything over the phone and each of us will have to appear in one of the branches wi... | 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 |
726caaf57baba142809f8be97ec3da93 | What to do if my aging father is sustaining a hobby that is losing several thousand dollars every month? | [
{
"docid": "7ec4d463de280d6d4461ce69417c614f",
"text": "You've already counted the cost. It will cost your family ~$10,000 per month until your father dies, or until there's no money left, to enable him to pretend that he is a successful business owner. I'd ask him when he thinks business is going to pick u... | [
{
"docid": "b340e451dbecd509d99941c9524c8504",
"text": "IMHO these people need to understand finance. I think Dave Ramsey is the best for this kind of situation. They need their butts kicked. What kind of parent spends money on playing cards when they have a child and not a place of their own? Answer: ... | fiqa |
1cbbfafc540c0ddd51797d49e1d8fd45 | What tax rules apply to selling of digital goods, specifically in-game currencies? | [
{
"docid": "31dd8c969c8a715cae3a09966b339ea4",
"text": "\"Believe it or not, unless you directly contact an accountant with experience in this field or a lawyer, you may have a tough time getting a direct answer from a reputable source. The reason is two fold. First, legally defining in-game assets is exc... | [
{
"docid": "ccefdd027aad5948c8d5fcb48923313a",
"text": "\"Income from a hobby is tax exempt under Dutch law. To consider whether it's hobby, a few rules are applied such as: How much time do you spend on the activity? And is the hourly wage low? Obviously, having a boss is a sure sign of it not being a hobb... | fiqa |
2aa83d6e237f4b7d2158cceb665798a0 | What is the field “Folio” in an accounting book for? | [
{
"docid": "717d401602f6d89571d26e30eef6e0bc",
"text": "It's used as a reference column: In journals folio coloumn is used to mention the reference or “address” of ledger in which the journal entry has been posted thus giving an easy access and also easily understanding whether all the entries has be... | [
{
"docid": "7a01acf95a353dcd5c011f4163d3d225",
"text": "To understand the answer we first have to understand what Goodwill is. Goodwill in a companies balance sheet is an intangible asset that represents the extra value because of a strong brand name, good customer relations, good employee relations and any... | fiqa |
192c444a29e9f088026372bc0fa4f60e | How much can you write off on a car lease through a LLC? | [
{
"docid": "aec159d832b416596b4ba5e39324d200",
"text": "An expense is an expense. You can deduct your lease payment subject to some limitations, but you don't make out by having more expenses. Higher expenses mean lower profit. Is leasing better than owning? It depends on the car you'd buy. If your busi... | [
{
"docid": "3b4fe471620d50e5a84a040ceb454af1",
"text": "It's wrong in several situations: One, the business owner counts this as a business expense, which it is not, and therefore reduces the company's profit and taxes. That would be tax avoidance and probably criminal. Two, someone who is not the sole ow... | fiqa |
4de86cc7f804aac13f9f0b1fa8a1ceee | Is there a difference between managerial accounting and financial accounting? | [
{
"docid": "76a9ed4fab9cd5cc581ca44a192f6936",
"text": "\"From Wikipedia: Managerial accounting is used primarily by those within a company or organization. Reports can be generated for any period of time such as daily, weekly or monthly. Reports are considered to be \"\"future looking\"\" and have fo... | [
{
"docid": "9181a0442098d0d31d1e676242aa7daf",
"text": "\"tl;dr It's a difference between cash and cash equivalents and net cash and cash equivalents. Download the 2016 annual report from http://www.diageo.com/en-us/investor/Pages/financialreports.aspx On page 99 is the Consolidated Statement of Cash Flows... | 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 |
0826ad059368d526817387b5786f3ed1 | How can a company charge a closed credit card? | [
{
"docid": "4292a7bd8f3414af85c8a085f74175c4",
"text": "If this is a pre-authorized automatic billing, and if you have signed any contract with the merchant, cancelling may not block any future charges from the merchant. Happens with gyms, magazines, memberships quite often. There is a time period after t... | [
{
"docid": "00e5b6849aa3eb56d71d5a50da47a537",
"text": "\"Well, I answered a very similar question \"\"Credit card payment date\"\" where I showed that for a normal cycle, the average charge isn't due for 40 days. The range is 35-55, so if you want to feel good about the float just charge everything the day... | fiqa |
0dedd82709ce83d5af9ec367ff39f12a | How long does a bank's “Know Your Customer” (KYC) process typically take? | [
{
"docid": "bcdd5b7a7ca2418631c4fb294d0f65cd",
"text": "The idea is to positively identify you with properly issued government ID. If you show up with your passport, visa, and another form of government-issued identification which the banker can recognize and use (for example - international driver's licens... | [
{
"docid": "b427ead79d6bc0ca641b104f8705fd3c",
"text": "I would presume this goes entirely through the credit card network rather than the banking network. I am guessing that it's essentially the same operation as if you had returned something purchased on a card to the store for credit, but I'm not sure wh... | fiqa |
b20ade943cee96557597e6671452a125 | Sage Instant Accounts or Quickbooks? | [
{
"docid": "de17d65e3851f9880f148e6e04324901",
"text": "The company I work with uses Intuit QuickBooks Online and have had zero problems with it. The functionality is effective and it fits the size of our company as well. (Not huge, but I wouldn't consider it a 'small business') Also, you can try a 30 day f... | [
{
"docid": "9e3aeb1e220e254a1b835e73c9e24e8b",
"text": "\"Since this is a cooperative I'm guessing your partners may want to be able to view the books so another key point you may want to consider is collaboration. QuickBooks desktop has all of these same issues because it is meant to be used on a single d... | fiqa |
a633345a72804e6e396b7e6569d9bad9 | Asset protection: When should an individual seriously consider shielding their assets? | [
{
"docid": "a11b3faa4f2d442093ab3f4f0a497ccc",
"text": "\"If your meaning of \"\"asset protection\"\" is buying gold and canned food in the name of a Nevada LLC because some radio guy said so, bad idea. For a person, if you have assets, buy appropriate liability limits with your homeowner/renter insurance p... | [
{
"docid": "5c31fd2ca20d45cccad3bed1bf0859cf",
"text": "\"Well.... If you have alllll your money invested, and then there's a financial crisis, and there's a personal crisis at the same time (e.g. you lose your job) then you're in big trouble. You might not have enough money to cover your bills while you fi... | fiqa |
d9af2f6cbb6820a2007fc6789be09ee1 | What prevents interest rates from rising? | [
{
"docid": "b8d815174889601581e7a93298b8cf93",
"text": "A lot of loans are taken out on a fixed rate basis, so the rate is part of the contract and is therefore covered by contract law. If the loan is taken out on a variable basis then in principle the rate can rise within the terms of the contract. If a p... | [
{
"docid": "0d5aab7d69f4d7dcc600f2e8dffe876e",
"text": "\"House prices do not go up. Land prices in countries with growing economies tend to go up. The price of the house on the land generally depreciates as it wears out. Houses require money; they are called money pits for a reason. You have to replace ... | fiqa |
14ad733f22a29d78324d4fbf323209ed | Sales Tax Licence/Permit - When is it required and how can I make a use of it as a non-US resident selling in USA? | [
{
"docid": "fd92041009e1e4708fcdf3ef4229c67f",
"text": "Sales tax permits come from the state in which your business is operating. You need a business license first for them to issue you one. US sales taxes are collected by the business and remitted to the government, you need the permit in order to do thi... | [
{
"docid": "18aa3fdbbe9aca96da6f7a89dc764210",
"text": "If you sell through an intermediate who sets up the shop for you, odds are they collect and pay the sales tax for you. My experience is with publishing books through Amazon, where they definitely handle this for you. If you can find a retailer that wil... | fiqa |
d0fdc272b096af2a0731d250b5f2084f | Is expense to freelancers tax deductible? | [
{
"docid": "c57ecc03290fad54da460d569830663f",
"text": "Yes, legitimate, documented, expenses are written off against that income.",
"title": ""
},
{
"docid": "83b8ff6405ec069847836954c0674ea8",
"text": "If it's a legitimate cost of doing business, it's as deductible as any other cost of doi... | [
{
"docid": "4f23189bc5ab93bc85fe590c711b5301",
"text": "If you want to subcontract some of your excess work to somebody else, you better be in business! While some kinds of employees (e.g. commissioned salespeople) are permitted to deduct some expenses on their income tax, generally only a real business ca... | fiqa |
de95aabdbc807c9781b05344b9206a66 | What IT form to use in India? | [
{
"docid": "cbf6046e290aff0c298d409f0eaf7fa9",
"text": "As you have income from Business / Profession, you would need to use form ITR4S",
"title": ""
}
] | [
{
"docid": "8c44c3df83ffe71f83ceaba813b6c91a",
"text": "\"Form W-9 (officially, the \"\"Request for Taxpayer Identification Number and Certification\"\") is used in the United States income tax system by a third party who must file an information return with the Internal Revenue Service (IRS). It requests t... | 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 |
077eda5b79b121b901d1c0ba1fcac2e4 | How to prevent misusing my Account details | [
{
"docid": "710a45b897f78187f6a11695bc126e34",
"text": "This is more legal and less personal finance question. You should immediately lodge a police complaint mentioning that some persons are using your PAN card details for activities not authorized by you. In the meantime also engage the services of a CA a... | [
{
"docid": "11b39e366f3d2845e53b28c60886fc9e",
"text": "\"This question has the [united kingdom] tag, so the information about USA or other law and procedures is probably only of tangential use. Except for understanding that no, this is not something to ignore. It may well indicate someone trying to use you... | fiqa |
0e9aef81217272e21be61e9f0ac33f77 | Why does the Brexit cause a fall in crude oil prices? | [
{
"docid": "4f36107f1dd32de8bf61061bd5578b52",
"text": "\"Uncertainty has very far reaching effects. Oil is up ~100% since February and down ~40% from it's 52 week high (and down even more on a longer timeline). It's not exactly a stable investment vehicle and moves a few percent each day on basically no... | [
{
"docid": "18db0e4ca9c70f63f9dfd4813596faf3",
"text": "\"I'll take a stab at this question and offer a disclosure: I recently got in RING (5.1), NEM (16.4), ASX:RIO (46.3), and FCX (8.2). While I won't add to my positions at current prices, I may add other positions, or more to them if they fall further. ... | fiqa |
c720c18e0a111285951406fda8f895c9 | Why can't I short a stock that sells for less than $5? Is there another way to “go short” on them? | [
{
"docid": "fcd9990896be0b5c627ec5da25a4af72",
"text": "I think George's answer explains fairly well why the brokerages don't allow this - it's not an exchange rule, it's just that the brokerage has to have the shares to lend, and normally those shares come from people's margin, which is impossible on a non... | [
{
"docid": "59124ea66bbedf0f81f3198152140671",
"text": "I don't know what restrictions are put on the average employee at your company. In my case, we were told we were not permitted to either short the stock, or to trade in it options. That said, I was successful shorting the exact number of shares I'd be... | fiqa |
385304f05c5a90c3533149b5b0bfb08b | Tax exemption on personal loan interest component in India | [
{
"docid": "5cc2b16d5596458579599c53d1788430",
"text": "Am I eligible for the tax exemption if yes then under which section. Generally Personal loans are not eligible for tax exemption. Only housing loans from qualified institutions are eligible for tax deduction. As per the income tax act; The house shoul... | [
{
"docid": "c75d0c4b25992b394197d4d4feaa9f05",
"text": "As I understand it, capital gains from real estate sales in India can be shielded from income tax entirely if the proceeds of the sale are invested in certain specific types of bonds (Rural Highway Contruction Authority of India?) for a period of three... | 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 |
37e914bfff8af8775effc1aee97ea0d3 | Supporting a Kickstarter project: Should a customer's pledge payment include sales tax, e.g. GST/HST in Canada? | [
{
"docid": "62aaf561c3c329705ed60c9b551bab4f",
"text": "You can only claim an input tax credit if tax was actually collected by the seller, irrespective of whether it should have been or not. You need to contact the seller to request an invoice that shows the GST/HST, if any, as well as the seller's GST/HST... | [
{
"docid": "a7ebe417a11689afa1585e43c14ceded",
"text": "(community wiki) Ontario special HST sales tax transition rebate cheques: When and how much? What will happen to quarterly GST cheques when HST starts in Ontario? Ontario HST rebate: When would I qualify? Ontario gas prices & HST: What will happen to p... | fiqa |
f2e3254ad3e21df89a99d3cca4dbc258 | Are marijuana based investments promising, or just another scam? | [
{
"docid": "c8d5564a970929110c227022086015bc",
"text": "Is there any truth to this, or is this another niche scam that's been brewing the last few years? While it may not be an outright scam, such schemes do tend to be on borderline of scams. Technically most of what is being said claimed can be true, howev... | [
{
"docid": "ad0a338db3941c0e992d14344f119135",
"text": "Based on several of the comments, I can foresee a situation in which an activist investor kicks in a lot of his own money, which, along with funds from kickstarter and possibly some of the investor's buddies, are enough to purchase a major share in a l... | fiqa |
270753d648ba0b0db2e036ca14063f25 | Does a US LLC owned by a non-resident alien have to pay US taxes if it operates exclusively online? | [
{
"docid": "e4a96168ebf9048f2eaba2e0c6ff53fc",
"text": "\"As you said, in the US LLC is (usually, unless you elect otherwise) not a separate tax entity. As such, the question \"\"Does a US LLC owned by a non-resident alien have to pay US taxes\"\" has no meaning. A US LLC, regardless of who owns it, doesn't... | [
{
"docid": "0aca48ad4b9f2b175753f2e40374432f",
"text": "You will have to pay your taxes in the UK not USA. For tax purposes it is the company's tax residency not where the server is located. You are just hiring a server in USA. Take for example a CDN being used for your same service then would you pay taxes... | fiqa |
1582431092b449a020395ff636470ff2 | Would extending my mortgage cause the terms to be re-negotiated? | [
{
"docid": "381563a5ff5f8c8db9c154df4fd540d0",
"text": "Run the numbers in advance. Understand what are the current rates for an additional 2nd mortgage, what are the rates for a brand new mortgage that will cover the additional funds. Understand what they are for another lender. Estimate the amount of pap... | [
{
"docid": "347811f50c265db95041d70d0b4ce06c",
"text": "\"Another option would be to not refinance but also not pay any extra each month but to continue as you are making the existing payments and just put the \"\"extra\"\" you would have paid aside in an investment of some type (something you are comfortab... | fiqa |
4b120c77f9f49b18130d1278e1687ff9 | Are there any viable alternatives to Paypal for a small site? | [
{
"docid": "e6c63de816b8047de3c37367fb881676",
"text": "I found out about Google checkout today, it looks like it may meet my needs, but I'd still be interested to find out about other options.",
"title": ""
},
{
"docid": "0c697bf583eec29bd45e8688953226b2",
"text": "While I've never used the... | [
{
"docid": "a8bf89a0d530f2ee38e176a9f9378954",
"text": "You can have a way for people to pay, i.e. some kind of payment gateway. Run as Business: Best create a company and get the funds there. This would be treated as income of the website and would be taxed accordingly. One can deduct expenses for running ... | fiqa |
622234f715e1e8105f39f89c1e5d7d27 | How do I report book royalties for tax purposes? | [
{
"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... | [
{
"docid": "a561b7dc1cac02dffd14a1befccaa9bb",
"text": "I am not an accountant in any way, but I can't imagine needing to report that to the IRS. It's not income and has probably already been taxed when it was earned/received. You're not moving it from an untaxed (Roth) retirement account to a taxed one, or... | fiqa |
73e68fa5c2320d9b0669bfed8f25fdc0 | 183 day rule in conjunction with expatriate | [
{
"docid": "708b0a0701ed4c6db8ded6937a20599b",
"text": "\"There's no \"\"183 days\"\" rule. As a US citizen you must pay taxes on all your income, where you live is irrelevant.\"",
"title": ""
}
] | [
{
"docid": "fa0eedb94ddb41b43cf2a8632c031a89",
"text": "\"In this scenario the date of income is the date on which the contract has been signed, even if you received the actual money (settlement) later. Regardless of the NY special law for residency termination - that is the standard rule for recognition of... | fiqa |
a536280a89131f63ae6fc460946dc3e1 | Reporting software subscriptions | [
{
"docid": "90f61f5feed3b41449a720a09f583b32",
"text": "Generally prepaid services should be capitalized over the period prepaid. But if it is up to a year - you can just expense them. As to the technicalities - you can contact Intuit support, but you should be able to put it in the same area where you put ... | [
{
"docid": "1215709f7759651dfa4fa316b87bc917",
"text": "The websites of the most publicly traded companies publish their quarterly and annual financials. Check the investor relations sections out at the ones you want to look at.",
"title": ""
},
{
"docid": "07475e63cecd2d11c78cb1bde47e5b0b",
... | fiqa |
ea2b1926c1ea40584c199a7daf132524 | Can you lease a secondary residential apartment for a job in NYC, and declare it as expense in tax return? | [
{
"docid": "dbfa5b84cb673235e5bac207e7538d3e",
"text": "As I understand it... Generally housing can't be considered a business expense unless taken at your employer's explicit direction, for the good of the business rather than the employee. Temporary assignment far enough from you home office that commutin... | [
{
"docid": "68c4d6b201926c7dc2dbd6098be0d795",
"text": "\"It is definitely legal, however none of such expenses will be allowed as a tax deduction for the corporation. Basically, you'll end up paying more to maintain the entity and pay taxes on its income (the rent you're paying to yourself as a corporation... | fiqa |
c95779c2192e64eac83e77b80bca4455 | Does the low CAD positively or negatively impact Canadian Investors? | [
{
"docid": "c6f80f2cd50f3b106f8575fffc775665",
"text": "If you buy US stocks when the CAD is high and sell them when the CAD is lower you will make a currency gain on top of any profit or loss from the stock investments. If you buy US stocks when the CAD is low and sell when the CAD is higher any profits fr... | [
{
"docid": "fe938688353d8877de8a9b0627e67415",
"text": "Get used to it. This trend won't change while investors are 100% focused on quarterly results at the expense of long-term investment and growth strategies from companies. Successful businesses that don't need a large capital injection will stay the cou... | fiqa |
f65e3fa98acceb4bb4c9e36774b05780 | 1099 for settlement what about lawyer fees? | [
{
"docid": "77274bf8fc4eb5596d7e82304644c11d",
"text": "You report it as an expense against the 1099 income when you do your taxes. You will only be taxed on the amount after the lawyers fees (but if it cost you more in lawyers fees than you recover in damages, the loss is not deductible). Be sure to keep d... | [
{
"docid": "8510a870bd602985400586f24d7396ab",
"text": "As littleadv says, if you're a sole proprietorship, you don't need to file a 1099 for money you pay yourself. You certainly will need to file a schedule C or schedule E to report the income. And don't forget SE to pay social security taxes on the incom... | fiqa |
755f24a4bb8b92b8b12ddc4a04bb1ab0 | Individual Client or Customer fining or charging a Company a penalty fee | [
{
"docid": "76ef434980e501e5c6eca6d295ecc6a9",
"text": "What's the primary factor keeping a consumer from handing out fees as liberally as corporations or small businesses do? Power. Can an individual, or more appropriately, what keeps an individual from being able to charge, fine or penalize a Business? If... | [
{
"docid": "558f752b8e4d53038da7f1fad1c7b577",
"text": "One company owns majority of popular freelancing websites (elance included) Aside from the race to the bottom pricing happening for projects; customer is always right. Lots of stories of even a pip from a client freezing accounts -- not even just a pr... | fiqa |
7e06e419a4418a8e1933f306f85cd8f9 | Tax intricacies of MLP in a Roth IRA | [
{
"docid": "d0e33af16899c07299f5b262dde97990",
"text": "\"You seem to have it right. Unless you have a big position, having MLP shares in your IRA will not cause you any tax hassles. Your IRA will get a Schedule K from the MPL (which may be mailed to you), but you won't need to do anything with that unles... | [
{
"docid": "8459f004f4e0af10ecbb3300600c0704",
"text": "\"First - for anyone else reading - An IRA that has no beneficiary listed on the account itself passes through the will, and this eliminates the opportunity to take withdrawals over the beneficiaries' lifetimes. There's a five year distribution require... | fiqa |
b7a433ebf6306441ebfe19ec27bb4ec4 | I am a Resident Alien for tax purposes. Can I claim exemptions from the India - US Tax Treaty (21)? | [
{
"docid": "8af0641a100808169de7a38bde5ad96b",
"text": "I was able to find several references that claim that the Indo-US treaty provision is limited to five years: Here it says this (on page 20): Generally the treaty exemption for students is limited to the first five calendar years that the internationa... | [
{
"docid": "18e04e697d83f44d2dcbe03dd7928152",
"text": "\"From what you've described, your spouse is a non-resident alien for US tax purposes. You have two choices: Use the Nonresident Spouse Treated As Resident election and file as Married Filing Jointly. Since your spouse doesn't have, and doesn't current... | fiqa |
98f7e68adeaa348cb979eefb0d3859f7 | Mortgage implications if I were to quit my job shortly after being approved? | [
{
"docid": "0b4158af5e9614d1df98e6d6988ea694",
"text": "You mention that you would quit right after getting approved. But in the United States there would be one last check as a part of closing. Therefore it would be best to wait until after closing to quit your job. Waiting until after closing would also p... | [
{
"docid": "07e123a177d889032a39a30591804b35",
"text": "These are your options: Unfortunately this will not be a quick process. You should note that until a potential lender goes through a detailed review of your finances you have only been pre-qualified. This is not as good as pre-approved. With pre-qualif... | fiqa |
6b88062a2862249948ac6b3202287ae8 | Can my U.S. company do work for a foreign company and get wire transfers to my personal account? | [
{
"docid": "6e5c72f2f75b888eb1f9b13f75672b55",
"text": "It seems that you're complicating things quite a bit. Why would you not create a business entity, open one or more bank accounts for it, and then have the money wired into those accounts? If you plan on being a company then set up the appropriate str... | [
{
"docid": "eabefe04b79362128f216635d428fa52",
"text": "Yes, However if you live in the USA a lot of companies will refuse to sent you any report and will not let you take part in “right issues” as they don’t wish to come under USA investment law.",
"title": ""
},
{
"docid": "149e6975ec0ef8dc857... | fiqa |
c6e12847e12b75919fc1e4dc8fb19c21 | What tax-free retirement accounts are available for self-employed individuals? | [
{
"docid": "f36ca2639d4852d8262d20e589d6ad31",
"text": "You can open a self-employed 401k, here's an example. You can deposit up to 50K (including the personal cap and the profit sharing/matching portion).",
"title": ""
}
] | [
{
"docid": "6fb93580c5457890126504ee2b5209bb",
"text": "You're misunderstanding the concept of retirement savings. IRA distributions are taxed, in their entirety, as ordinary income. If you withdraw before the retirement age, additional 10% penalty is added. Investment income has preferential treatment - lo... | fiqa |
0e68ebae39ba740e8b94270242d6cd41 | How to know more about my tax situation in the States | [
{
"docid": "285656fee715b39a89d1eaadd137f3b2",
"text": "The LLC (not you) is probably in debt to the California FTB. Any LLC registered in California must pay at least $800 a year, until it is officially dissolved (i.e.: notice of cancellation/dissolution properly filed with the California Secretary of Stat... | [
{
"docid": "4867627f8a0ac6019c5a4cb6e87e0422",
"text": "Unfortunately, the tax system in the U.S. is probably more complicated than it looks to you right now. First, you need to understand that there will be taxes withheld from your paycheck, but the amount that they withhold is simply a guess. You might p... | fiqa |
ebdb35b56c4920d09ab77171a35c7041 | Freelance trading of products in India | [
{
"docid": "12bd33797cc2aa55c458ee11ea08a57d",
"text": "For most goods there is no license required, unless you are trading in restricted goods. Remittance need to be routed via banks and they should comply with FMEA. Your Bank or a qualified CA can guide you.",
"title": ""
}
] | [
{
"docid": "1d8f08c6246d4f181722de70f2775519",
"text": "Welcome To Shainex Relocation AN ISO 9001:2008 Certified Company SHAINEX PACKERS AND MOVERS is a proud service tax payee Professional Services Provider for Packers and Movers, packing and moving, Domestics Packing Moving, International Packers Movers, ... | 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 |
d104c723eb22915238a3a61244b73f74 | Obtaining California SOS number for out-of-state LLC | [
{
"docid": "6bb6a1a14e9041f629aaad59a6f59497",
"text": "\"SOS stands for Secretary of State. The California Department of State handles the business entities registration, and the website is here. See \"\"Forms\"\" in the navigation menu on the left. Specifically, you'll be looking for LLC-5.\"",
"title... | [
{
"docid": "72684d4f21bf2b2b5d71ece186c61e17",
"text": "\"I'll answer in general terms, since I'm not familiar with the price ranges in Florida. The LLC formation costs $125 (state fee). In addition you'll need a registered agent. Registered agent could be your CPA/EA/bookkeeper/property manager/local frien... | fiqa |
a49043558ac2cb7a23ae546180b55356 | Can an Indian citizen/resident invest in a US company and collect the profits in India? | [
{
"docid": "b6646ff19b07b11380f830d396ec304d",
"text": "Every month I will get a return in from my share of the profit which would be used for repayment of capital and interest in India. Not to sure what the business plan is. Please factor all the modalities, Exchange rate fluctuations, etc. My concern is r... | [
{
"docid": "d137f8ba2fc7c051f2118309f7059b59",
"text": "There is no such thing as double taxation. If you pay tax in the US, you CAN claim tax credits from India tax authority. For example, if you pay 100 tax in USA and your tax liability in India is 200, then you will only pay 100 (200 India tax liability... | fiqa |
7ac1be21fe1063a2781401bdfe4bfa28 | What would happen if the Euro currency went bust? | [
{
"docid": "d47d1d96b13fb1d436e6802cf96bb61c",
"text": "Each country would have to go back to its own currency, or the rich countries would just kick the poor ones out of the EU. It would be bad for the poor countries, and the global economy would suffer, but it really wouldn't be a big deal.",
"title"... | [
{
"docid": "23dcb346982a8bdcf2ec460e8c272c4c",
"text": "There are many different things that can happen, all or some. Taking Russia and Argentina as precedence - you may not be able to withdraw funds from your bank for some period of time. Not because your accounts will be drained, but because the cash supp... | fiqa |
94d24bc4f78390f334b8e7ac361890e7 | How does LLC ownership work in relation to U.S. tax law? | [
{
"docid": "43bdaa58a8294a11126f9f82315e045b",
"text": "It really depends. If it is offered as compensation (ie in leiu of, or in addition to salary or cash bonus) then it would be reportable income, and if sold later for a profit then that would be taxable as gains. If this share is purchased as an inves... | [
{
"docid": "6b80141754cd9c7da3082116071ec001",
"text": "\"S-Corp are taxed very different. Unlike LLC where you just add the profit to your income with S-Corp you have to pay yourself a \"\"reasonable\"\" salary (on w-2) which of course is a lot more paperwork. I think the advantage (but don't hold me accou... | fiqa |
5f85a456c51c2dd77749e2c475ee7453 | S Corp with Straddles Income | [
{
"docid": "fb414b1e79d8fdd778db07757e7e593d",
"text": "If this activity were to generate let's say 100K of profit, and the other corporate activities also generate 100K of revenue, are there any issues tax-wise I need to be concerned about? Yes. Having 25% or more of passive income in 3 consecutive yea... | [
{
"docid": "7ef47ed887fa8f884430c6b071e1e720",
"text": "This answer assumes you're asking about how to handle this issue in the USA. I generally downvote questions that ask about a tax/legal issue and don't bother providing the jurisdiction. In my opinion it is extremely rude. Seeing that you applied for an... | fiqa |
646251ab6cb4cde5eba07ac1859991ee | Executor of will | [
{
"docid": "51ff210841af2772f24754daf33e7bf7",
"text": "I strongly doubt that being executor will make the assets of the estate vulnerable to a suit against him personally. The estate is it's own separate legal entity with its own TIN. Only creditors against the estate itself can make claims against it and ... | [
{
"docid": "929316683fa35e9a0e9f86e94cf91880",
"text": "\"Most states have a \"\"cap\"\" on the amount a \"\"heir finder\"\" can charge for retrieving the property. It is generally around 10%. Even if the state does not have a particular statute you can usually negotiate the rate with the company. Thirty... | fiqa |
f2f397f1efe378847ad4a34850791dd1 | Online streaming video/audio financial/stock programs | [
{
"docid": "5dcf17dd5e6e1b166ddf63d551af3eb9",
"text": "The CNBC site is littered with videos. Whenever I click a link to one of their articles, it seems to be a video instead. Not like having the channel streamed, but most of the top stories.",
"title": ""
}
] | [
{
"docid": "9f726f42e288957f12902d0dad5d50bf",
"text": "\"There is probably a better way, but you can do the following: (1) Right click on the right pointing arrow next to the \"\"1-20 of xx rows\"\" message at the bottom right of the table, and select \"\"Copy link location\"\" (2) Paste that into the loca... | 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 |
94729273a9c4a2c2ac805bc592325409 | How do I determine if sale proceeds from an asset are taxable? | [
{
"docid": "4902a1a39912a3dd74a0f67c18da2907",
"text": "\"If it's fully expensed, it has zero basis. Any sale is taxable, 100%. To the ordinary income / cap gain issue raised in comment - It's a cap gain, but I believe, as with real estate, special rates apply. This is where I am out of my area of expertise... | [
{
"docid": "6474f9e233c80bd3d4a1c35ff0746bcd",
"text": "Your question is best asked of a tax expert, not random people on the internet. Such an expert will help you ask the right questions. For example you did not point out the country or state in which you live. That matters. First point is that you wi... | fiqa |
4f04e7150a1988bda8417d173af3db88 | What tax laws apply to Meetup group income? | [
{
"docid": "d0c0141b1a1208270b2418dc9a48bd67",
"text": "\"In the United States tax law, a group of people who are neither an individual nor an incorporated entity is called \"\"partnership\"\". Here's the IRS page on partnerships. Income derived by such a \"\"meetup.com\"\" group is essentially a partnersh... | [
{
"docid": "fe4d51ea49dc69c61e96c23aedb34e51",
"text": "Normally, yes, you would have to pay. If you are in the US, or a citizen of the US, then IRC Sec. 61 would levy tax on all income. Even if you find money on the ground, that will generally be taxable income (the treasure trove doctrine). If you are pay... | fiqa |
825513bb9890de5d5ba58d1d1e840546 | Self employed, putting away tax money | [
{
"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... | [
{
"docid": "358ca6cdfe9780ec08e4a2d93d91605b",
"text": "My understanding (I am not a lawyer or tax expert) is that you are not allowed to work for free, but you can pay yourself minimum wage for the hours worked. There are probably National Insurance implications as well but I don't know. The main thing is,... | fiqa |
a95c52ce8dd5740f0cf765965662f3ce | Where on schedule C should a PO Box Rental fee go? | [
{
"docid": "96b8fbf19e0d9bba77b45d071ea95197",
"text": "\"Turbotax community had a similar question. They claim you just put it into \"\"Office Expense\"\". I never understood why there are so many categories when they are just summed up and subtracted from your income. How can you possibly get in trouble ... | [
{
"docid": "6ef443450b7a2e0334cec2673e52f06d",
"text": "\"You would put your earnings (and expenses, don't forget) on Schedule C, and then do a Schedule SE for self-employment tax. http://www.irs.gov/businesses/small/article/0,,id=98846,00.html 1040ES isn't used to compute taxes, it's used to pay taxes. Gen... | fiqa |
242244af0bc6298c5043bb1d0a223d45 | Switching Accountants - who does the audit review for past years? | [
{
"docid": "1ff7ff77c27135f1c844d712bc5d1580",
"text": "It depends on what you paid for, but usually audit support is an unrelated engagement to the return preparation. If the accountant made a professional mistake, you can request correction and compensation from that accountant, other than that any accoun... | [
{
"docid": "d90b94d9577b58a3b59c9ed199cb1d43",
"text": "In the US, auditors are selected and fees are set by the Audit Committee of the BoD. The Audit Committee is made up of independent directors, at least one of which is a financial expert. Also, finding something fishy leads to extra billings much more... | fiqa |
7f2d84badd399b5bf8b3e7d6c656dc6d | How much house can I afford, waiting around 3 years or so | [
{
"docid": "cd40fec317928dc6104dc709adb7b007",
"text": "On $4K/mo gross about $1000/mo can go to the mortgage, and at today's rates, that's about $200K of mortgage the bank might lend you. Income is qualified based on gross, not net, so if $48,000/yr is wrong, please scale my guesstimate down a bit. In the... | [
{
"docid": "b68e494bf8a664103589c1f240d388f4",
"text": "The $3K includes property tax, right? It looks like the mortgage alone will be about $2150 or so. If your (cal) state tax is enough to put you into itemized deductions, your mortgage and property tax are a write off, and the $3k will actually be closer... | fiqa |
24314f12194980fe7e22039299cef75d | What are the tax implications if I do some work for a company for trade, rather than pay? | [
{
"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... | [
{
"docid": "0226b7567718747b0c30a8e2c96cdcd7",
"text": "There are two totally different things: There is your limited company, and there is yourself. Your limited company will absolutely have to pay 20% corporation tax on all its profits. The profits are the income of the limited company (you say it's £5,0... | fiqa |
60673bcd3a408c6f10b49cf85f4b7666 | why the currency data(such as USD/JPY) is different from different source | [
{
"docid": "d65931bcdd9257af1f8355851a61b1f3",
"text": "A day is a long time and the rate is not the same all day. Some sources will report a close price that averages the bid and ask. Some sources will report a volume-weighted average. Some will report the last transaction price. Some will report a time-we... | [
{
"docid": "79d5438b0c557a93e7157a96506906bf",
"text": "I work on a buy-side firm, so I know how these small data issues can drive us crazy. Hope my answer below can help you: Reason for price difference: 1. Vendor and data source Basically, data providers such as Google and Yahoo redistribute EOD data by ... | fiqa |
ea21b86e9a2715bcbe8888b8d58e03a7 | Ghana scam and direct deposit scam? | [
{
"docid": "c6a286121301ab403c1d42fc914feb21",
"text": "Of course, it is a scam. Regardless of how the scam might work, you already know that the person on the other end is lying, and you also know that people in trouble don't contact perfect strangers out of the blue by e-mail for help, nor do they call u... | [
{
"docid": "d635984a635dec13512306ce3bb4a1c1",
"text": "He said he would need my first and last name and my online banking information not my date of birth, SSN, Address, Bank Address, Routing number, or checking account number This is a scam. No one needs online Banking User name and password. If you have ... | fiqa |
c98bfc141f6131171cb77c22f35e4802 | Can anybody explain the terms “levered beta riders”, “equity long-short” and “the quant process driven discipline” for me, please? | [
{
"docid": "a363dc606b8f75dc5fba7f9e4c16aa95",
"text": "\"Leverage here is referring to \"\"financial leverage\"\". This is the practice of \"\"levering\"\" [ie increasing, like the use of a lever to increase the amount of weight you can lift] the value of your investment by taking on debt. For example: if... | [
{
"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 |
ce839ec2aad86104dff7fa96848c0bae | The formula equivalent of EBITDA for personal finance? | [
{
"docid": "3c18936134dd50e460e05e862adfbb23",
"text": "This should not be taken to be financial advice or guidance. My opinions are my own and do not represent professional advice or consultation on my part or that my employer. Now that we have that clear... Your idea is a very good one. I'm not sure abou... | [
{
"docid": "1ebc364846535cd64021290e9b7af494",
"text": "You could create your own spreadsheet of Cash Flows and use the XIRR function in Excel: The formula is:",
"title": ""
},
{
"docid": "a19ebf47a6a423a517f69a38387dc80f",
"text": "If it's number of years and the interest is per-annum the f... | fiqa |
66abc0130efe0fb2f032ca1580b4a5ee | What's the least risky investment for people in Europe? | [
{
"docid": "378ec592a5f1b41b1db8f08993284ba1",
"text": "\"First of all, congratulations on saving some money. So many people these days do not even get that far. As far as investments, what is best for you depends heavily on your: Here is a quick summary of types of assets that are likely available to you, ... | [
{
"docid": "7847578cee6631c25a5d983b43d22e33",
"text": "\"On contrary of what Mike Scott suggested, I think in case of EURO DOOM it's a lot safer if your savings were changed into another currency in advance. Beware that bringing your money into an EURO CORE country (like Finland, Austria, Germany, Netherel... | 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 |
813ee48eee648ce48a9b5abedd697d61 | what is the meaning of allowing FDI in Insurance and pension funds | [
{
"docid": "8918cf0207969007a7c15fb0a639b4a0",
"text": "Insurance in India is offered by Private companies as well [ICICI, Maxbupa, SBI, Max and tons of other companies]. These are priavte companies, as Insurance sectors one has to look for long term stability, not everyone can just open an Insurance comp... | [
{
"docid": "1d94322f86b8c4d4aeab0163ac063d5a",
"text": "Fund rebalancing typically refers to changing the investment mix to stay within the guidelines of the mutual fund objective. For example, lets say a fund is supposed to have at least 20% in bonds. Because of a dramatic increase in stock price and dec... | fiqa |
7d4bac8621a1ea90b93e28b09b08d152 | I am the sole owner of an LLC. Does it make a difference if I file as an S-Corp or a sole-member LLC? | [
{
"docid": "6b80141754cd9c7da3082116071ec001",
"text": "\"S-Corp are taxed very different. Unlike LLC where you just add the profit to your income with S-Corp you have to pay yourself a \"\"reasonable\"\" salary (on w-2) which of course is a lot more paperwork. I think the advantage (but don't hold me accou... | [
{
"docid": "8510a870bd602985400586f24d7396ab",
"text": "As littleadv says, if you're a sole proprietorship, you don't need to file a 1099 for money you pay yourself. You certainly will need to file a schedule C or schedule E to report the income. And don't forget SE to pay social security taxes on the incom... | fiqa |
6868bc0f581131d38934967f9f472389 | How do the wealthy pay for things? | [
{
"docid": "b23d1bc1dc22e8aef985a8bf65abb967",
"text": "\"This is second hand information as I am not a millionaire, but I work with such people everyday and have an understanding of how they handle cash: The wealthy people don't. Simple. Definitely not if they don't have to. Cash is a tool to them that the... | [
{
"docid": "323c75c34ba054d6ba99ed51108702ae",
"text": "Right, just like computers are only available to the upper class. In reality, the wealthy would just be the initial market. As their demand causes supply increases/cost innovation, prices will inevitably fall (and philanthropy almost certainly rise),... | fiqa |
6cc49f18959c7514ba6b87baae88fbe1 | As an employer, how do I start a 401k or traditional IRA plan? | [
{
"docid": "f4169e685a12d264278d31530c50068e",
"text": "Here is a nice overview from Vanguard on some options for a small business owner to offer retirement accounts. https://investor.vanguard.com/what-we-offer/small-business/compare-plans I would look over the chart and decide which avenue is best for yo... | [
{
"docid": "a214f765ad8bf0850db57657119533be",
"text": "\"Your contribution limit to a 401(k) is $18,000. Your employer is allowed to contribute to your 401(k), usually a \"\"matching contribution\"\". That matching contribution comes from your employer, so is not subject to your personal contribution lim... | fiqa |
f5e13bef2bab5ab7d559055f64d24173 | Acquiring first office clothes | [
{
"docid": "58421f730e6ce10311b57fb06a679356",
"text": "While in the interview stage you need one good outfit. Take care of them and they will see you through this stage of the process. Shoes, ties, shirt, and a suit can all be purchased on sale. The fact that you have months before graduation give you time... | [
{
"docid": "6f47f06623dd8319201aedf3c4769a27",
"text": "I was able to request a modest advance on my salary when I started my first job out of college, for essentially the same reason. Alternatively, you might consider requesting a small personal loan from friends or family. If you have a credit card that c... | fiqa |
2fda7195ef3ddc7d497367236964bb28 | How can I import customers and invoices from a previous year's Gnucash file? | [
{
"docid": "52814076ebf3e11bea5315414acf2240",
"text": "There does not appear to be a way to export the customers and invoices nor a way to import them into another data file if you could export them. However, as said in the comments to your question, your question seems predicated upon the notion that it i... | [
{
"docid": "aa1f9c1214d7c33fb2a1e73c46fcb482",
"text": "\"You don't. No one uses vanilla double entry accounting software for \"\"Held-For-Trading Security\"\". Your broker or trading software is responsible for providing month-end statement of changes. You use \"\"Mark To Market\"\" valuation at the end ... | fiqa |
4d41d9c4cfdeafaea8e5dcbac0323618 | Why does it take 3 days to do electronic transfers between banks? [duplicate] | [
{
"docid": "56200feb130cf0f9a75e565a7f4b6eeb",
"text": "\"I was perplexed by this until a few days ago when it finally clicked in a meeting with our fraud and money laundering teams in work (I work on trading surveillance). Apparently fraud detection and prevention of money laundering are currently the bigg... | [
{
"docid": "7be1da953541e9ce40e4598da9a824e4",
"text": "\"Debit Cards have a certain processing delay, \"\"lag time\"\", before the transaction from the vendor completes with your bank. In the US it's typically 3 business days but I have seen even a 15 day lag from Panera Bread. I guess in the UK, payment p... | fiqa |
bb2f7965fba4799eb7489fafa93413d1 | Swiss-style Monetary Policy | [
{
"docid": "87f3299669175f2ba326371f00e92c4a",
"text": "\"This is what is called \"\"weasel words\"\". They're trying to put some authority into their ad, but since they don't have any - they're putting meaningless words that sound important. Monetary policy is the state/central bank policy to control the s... | [
{
"docid": "045a95698737bb16498d42194ede6411",
"text": "I am just a C student with no hope for grad school, so you are going to have to walk me through this... The ECB (until recently), Japan, and the Swiss have been running QE programs equal to that of the Fed's in 2009 for the last couple of years. That'... | fiqa |
f47421a1d488cd01163356374a1ba69d | Why does capital gains tax apply to long term stock holdings? | [
{
"docid": "348c16d28dd5f13cc22835ed310e419a",
"text": "\"Why only long term investments? What do they care if I buy and sell shares in a company in the same year? Simple, your actually investing when you hold it for a long term. If you hold a stock for a week or a month there is very little that can happ... | [
{
"docid": "7ca594024cad43676e532bdd3be3a86d",
"text": "No, it's not all long-term capital gain. Depending on the facts of your situation, it will be either ordinary income or partially short-term capital gain. You should consider consulting a tax lawyer if you have this issue. This is sort of a weird lit... | fiqa |
3defedaba17b30fcd14eb4c80acaead2 | Self Assessment UK - Goods and services for your own use | [
{
"docid": "bab4950e509d64dcb449b74d6a9e57f5",
"text": "The problem with your profession is that it is hard to distinguish those activities as 'services rendered' or just a 'pastime hobby'. If you believe that both of those activities constitutes a 'service rendered in a professional capacity', then you sho... | [
{
"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... | fiqa |
99339ab73416bacd60b8484979421466 | Early Retirement Options (UK) | [
{
"docid": "cf2a335a98632f7e29015aaff6bd94a9",
"text": "It's highly unlikely that you will be able to achieve 8% and would consider myself lucky to get 4% in the current interest rate environment. You might want to read some reviews of peer-to-peer lending and even try it out some yourself. Give yourself ... | [
{
"docid": "2d0ca4aa62e63f9d94c1702c75d5c991",
"text": "\"Unless your 401(k) plan is particularly good (i.e. good fund choices with low fees), you probably want to contribute enough to get the maximum match from your employer, then contribute to an IRA through a low-cost brokerage like Vanguard or Fidelity,... | fiqa |
ae5872ed5e9facf4525d28e91f2f3c38 | Online accounting with Stripe/PayPal transactions | [
{
"docid": "fbdc8cdbe1301eeba97dcafd12c8806b",
"text": "\"Crickets here, so I'll respond with what I ended up doing. At the end of each month, I download transaction data from each of Stripe and PayPal. For each, I do the following: So it is just six entries in Wave per month plus a little spreadsheet mani... | [
{
"docid": "8c2ca979aeca71fecfc0e6504bfb98d4",
"text": "\"You would add your daily earnings every day. For example, you work full time job (8 hours a day) at $20/hour. At the end of the 1st day of the month, you'd add $160 to your salary account. You've earned it, even though its still almost a month till y... | fiqa |
11958653a1a84f3d951d8db787385df8 | How to handle taxes related to affiliate marketing? | [
{
"docid": "2f09f6c30dc4b1608d046520b3289e5d",
"text": "Is it right that I request form W-9 or form W-8BEN (for non U.S. citizens) from the affiliate users before sending them payments? Not just OK. Required. I know that I have to send form 1099, but I don't know where does this form should go to. Shoul... | [
{
"docid": "8d28aa994d28e9404b96d8ac04f34c79",
"text": "LLC doesn't explain the tax structure. LLCs can file as a partnership (1065) Scorp (1120S) or nothing at all, if it's a SMLLC. (Single Member LLC). I really enjoy business, and helping people get started. If you PM me your contact information, id be mo... | fiqa |
e870fb46d18b9e6bc56d9d1d82237c0a | How does per-annum depreciation for taxes work after the first year of depreciation? | [
{
"docid": "5f4bc1e354155fce7135692aa703dd66",
"text": "The first method is the correct one. You bought an asset worth of $1000 and you put it on your depreciation schedule. What it means is that you get to write off the $1000 over a certain period of time (and not at once, as you do with expenses). But the... | [
{
"docid": "3bfae4ee3ce21e5318f8c77e2a1927e1",
"text": "I would use neither method. Taking a short example first, with just three compounding periods, with interest rate 10%. The start value y0 is 1. So after three years the value is 1.331, the same as y0 (1 + 0.1)^3. Depreciating (like inflation) by 10% ... | fiqa |
ed6af87c965499dd1bfb2280d10f2365 | How to categorize shared income? | [
{
"docid": "0a20f2b828717286cfbfbb1a44c7c8dd",
"text": "My company did not have income of $1000 and have a $500 expense Why not? Your company received $1000 from you, and based on its agreement with the other company - transferred out half of it. How does it not translate to having $1000 income and $500 exp... | [
{
"docid": "41372fce8481716fd887860e6d3e94db",
"text": "The three places you want to focus on are the income statement, the balance sheet, and cash flow statement. The standard measure for multiple of income is the P/E or price earnings ratio For the balance sheet, the debt to equity or debt to capital (de... | fiqa |
6ab565c36a1be79b81439e827b354e78 | How prudent would it be to invest (stocks/equity) in businesses that are based on Cash transactions? | [
{
"docid": "865cc244d9602dce3a6c4e4f1b6bffbc",
"text": "If they're hiding their profits from the government, what makes you think they wouldn't hide their profits from their shareholders?",
"title": ""
},
{
"docid": "b81f264b75ed4b2f443dd090e38ece66",
"text": "Every listed company needs to m... | [
{
"docid": "2c0ae24ba33f029d528764a03af25505",
"text": "Yep, but it you didn't answer my question (edit: I know it was phrased as a question, but I do know youre supposed to model changes in cash). When bankers calculate all three approaches, how do they compare them? From what I see, the conclusion of each... | fiqa |
a5988c0766947c42e49b3dd8eb4e3abc | Why buy stock of a company instead of the holding company who has more than 99% of the stocks | [
{
"docid": "6f8084cf2a2404bfadf188ad59b9e254",
"text": "In a situation like this, I presume you'd invest in the child company if you thought that the child company would increase in value at a higher rate than the parent. You'd invest in the parent company if you thought the parent company would perform wel... | [
{
"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 ... | fiqa |
598f51b4900e3b6566c0f68b34ca8704 | Do I have to pay taxes in the US if my online store sells to US customers even though I don't live in the US? | [
{
"docid": "7fd6d379a23acdd8369d63e87fb51d0e",
"text": "You're not physically present in the US, you're not a US citizen, you're not a green card holder, and you don't have a business that is registered in the US - US laws do not apply to you. You're not in any way under the US jurisdiction. Effectively co... | [
{
"docid": "2ef4e47b64b903efa22be3cfe708549a",
"text": "There are no clear guidelines. If you are selling as individual, then what ever profit you make gets added to your overall income as you pay tax accordingly. This is true for sole proprietor or partnership kind of firms. If you are registered as a Comp... | 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 |
acd95aa80cbf045df0ec924b4620d59d | Advantages of Shareholder over Director in new Company | [
{
"docid": "f62aa109816414a75f7b2f8d110a475d",
"text": "I don't know Australian law, but I will give my US perspective here. The custom in the US is for officers and directors to be indemnified by the corporation, and that LLCs have an even broader power to indemnify (even to remove the duty of loyalty!). ... | [
{
"docid": "e881f1eca19a7e25e124723441ae8f3e",
"text": "Another way to decide would be to do a fair valuation of the company agreeable to both the partners. Lets assume when you started the company it was worth $10,000 and to acquire 75%, you must have put $7,500 worth of money and effort. Similarly, the ot... | fiqa |
fe53dd5006d4c2b53c52e7923802b931 | Multi-state K-1 earnings to S-Corp | [
{
"docid": "f22a212586d8b23b70bd6ceb830ee793",
"text": "I'm not sure why you think that it matters that the distribution goes to an S-Corp vs an individual tax payer. You seem to think it has any relevance to your question, but it doesn't. It only confuses your readers. The situation is like this: LLC X is ... | [
{
"docid": "ee0f34fa27cb4ca84be860d651f060f3",
"text": "You tagged with S-Corp, so I assume that you have that tax status. Under that situation, you don't get taxed on distributions regardless of what you call them. You get taxed on the portion of the net income that is attributable to you through the Sch... | fiqa |
d32c49b0f71ece6323c24cda5dd3c2ab | Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)? | [
{
"docid": "8c0d1ce03947d1f4d6f5848f144ecc88",
"text": "\"In the UK Directgov don't specify anything more than \"\"records\"\", which leads me to think that a digital copy might be acceptable. With regards to bank statements, individuals (i.e. not self-employed, or owning a business) need to keep them for b... | [
{
"docid": "52814076ebf3e11bea5315414acf2240",
"text": "There does not appear to be a way to export the customers and invoices nor a way to import them into another data file if you could export them. However, as said in the comments to your question, your question seems predicated upon the notion that it i... | fiqa |
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