Is it illegal to give financial advice?
Yes. Anyone can be paid for giving personal financial advice, but only as long as the advice does not include investment advice on securities. Personal fi...
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Do you pay taxes on short-term stock losses?
Yes, but there are limits. Losses on your investments are first used to offset capital gains of the same type. So, short-term losses are first deducted ag...
Do I need to worry about taxes as a US seller?
Does Your Business Need to Collect U.S. Sales Tax? U.S. states can only require sellers to charge sales taxes if that seller has “sales tax nexus” in that...
What are account payable and accounts receivable?
Put simply, accounts payable and accounts receivable are two sides of the same coin. Whereas accounts payable represents money that your business owes to ...
How do you sell a professional service?
1. Sell as You Serve: Great service providers create better futures for their clients that the clients didn’t know were possible. Ask questions. Provide e...
How much does a car depreciate its first year?
New cars depreciate faster than used cars, with the value of a new car typically dropping by over 20% after the first year ownership then continuing to de...
Are freelancers considered independent contractors?
Freelancers are independent contractors who should receive 1099 from the company using their services and are subject to paying their own taxes, including...
How much should employees be paid?
A Comprehensive Guide. A good rule of thumb is to put 40%-80% of your business revenue toward employee salaries. What is reasonable overtime in Australia?...
What healthcare expenses are tax deductible?
The IRS allows you to deduct unreimbursed expenses for preventative care, treatment, surgeries, and dental and vision care as qualifying medical expenses....
What could go wrong fixed assets?
Fixed asset acquisitions are not accurately recorded: Fixed asset accounts may be misstated, depreciation amounts may be incorrect as a result of this. In...
