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This is going to vary tremendously from country to country (and even from state to state, in some cases). In general, though:
Sole proprietorship:
- Easy to form: requires little, or limited, paperwork and you'll register directly as a taxpayer;
- Difficult to sell: it is much harder to sell a sole proprietorsh... |
What can be used as a proof of income, for someone who was born, lives and works in Bermuda? I'm looking for the most official, widely-accepted, and least-manipulatable document. |
AFAIK, there are two kinds of taxes your web freelancing income may be subject to in Quebec:
- **income taxes**, and
- **sales taxes** (GST & QST)
On the income taxes: The net income you realize from your web freelancing activities would be considered taxable income. Assuming you are not operating as an in... |
What's the Bermudian equivalent of USA's W-2 form or Canada's T4? |
Hi Personal Finance Fans,
Here is an easy question for all the economic gurus in this forum.
I am currently working for one global corporation. My wife is working for a big USA organization.
At this moment we are paying for our health care insurance from our own employers, we both pay now around $226.84* ... |
Should I invest in a Health Insurance +1 policy from m Employer? |
Should I invest in a Health Insurance +1 policy from my Employer? |
If I read your figures correctly, then the cost difference is negligible. ($1.84 difference)
The main determining factor, I'd think, would be the coverage. Do you get more, or less, coverage now than you would if you went together on the same plan? You'd both be covered, but what is the cap?
Plans, and employer... |
I'm looking to buy a new car and have found one that I really like. It is priced at $4500 (with taxes). I currently have $2700 in my savings account. I would like to get a loan for $2000 (leaving me with a little over $200 in my account).
I have talked with my bank about getting a loan and they said they usually do... |
Where can I get a loan for roughly $2000? |
You can try Prosper.com or LendingClub.com.
What about getting an unsecured loan at your bank? The interest rate will be higher but you can probably get it for the amount you need.
Don't even know if this is a possibility but what about putting the balance on a credit card? |
So my wife and I are in the process of buying our first house. It is a nice house, and we got a smoking deal on it. However, we do not plan to live out the 30-year mortgage we are getting in this house (we think of it as a starter home). I had heard that one prudent thing to do is to pay extra on your mortgage payme... |
Is it worth it to pay extra on mortgage payments if I am not planning to stay in the house for 30 years? |
So I have never owned a credit card in my life, and am trying to get ideas as to how they work. Sorry if this is too simple a question...
Lets say I have a credit card, and in one month I charge $1000 to it. At the end of the month, if I want to pay off the balance, am I paying $1000, or is there interest involved... |
Credit Card Newbie - If I pay off my balance every month, what am I actually paying? |
What is CD laddering and what are its pros and cons? |
I have a normal day job and another side business. Is it okay to have an IRA and a SEP IRA? |
Here's one way of looking at it.
The first years of a 30-year mortgage are mostly interest payments. Even with a 4% 30-year loan -- I seem to recall seeing rates that low! -- the interest part of your payments for the first five years are double the principal part.
You will pay less in interest if you throw ext... |
Where can I get a car loan for roughly $2000? |
Have you considered asking the car dealer? They are likely to be eager to help you in any way they can to sell the car and might be willing to finance the loan through their credit department. |
[Buy this book.][1] It is a short, simple crash course on personal finance, geared at someone in their 20s just starting out their career. You can easily finish it in a weekend. The book is a little dated at this point (pre housing bubble), but it is still valid. I personally feel it is the best intro to personal f... |
Do I need to have a business credit card for my own company or can I use my personal credit card and just make sure I keep the records. I don't have a lot of expenses so keeping the records is not a problem.
Is there an advantage of having a business card (like company's credit score maybe?) |
Do I need a business credit card? |
What are the tax benefits of a LLC vs a sole proprietorship? |
I was told by a friend that if you qualify for OSAP's [Interest Relief][1] for 5 consecutive years, then OSAP will offer to perform a one-time permanent Loan Reduction. This Loan Reduction, as I'm told, is something to the order of a 50% reduction.
**My question is**: How much truth is there to this statement?
A... |
I like to use the envelope system for budgeting, but I can't escape the convenience of debit cards, so a few months ago I set up 5 debit cards, one for my primary account, food, gasoline, household items and personal entertainment. That way I can make an automated transfer from the primary accounts to the other account... |
I'm trying figure out how long it will be to recoup the cost of refinancing our present mortgage.
I'm doing this for 2 reasons a) b/c the interest rate I could get is about 0.75% less than I pay now and b) I want the option of a longer term mortgage, by which I really mean lower monthly payment since I **might** b... |
How to compare current mortgage to re-finance? |
ING Direct does this.
Also, have you heard of Mvelopes? It's a subscription-based service, but it's pretty simple to use, and it lets you have as many envelopes as you want. You're not limited to five. |
Self-employed individuals and employers [must file payroll taxes quarterly][1]. These documents would serve as proof of income I would think.
[1]: http://www.gov.bm/portal/server.pt?open=512&objID=275&&PageID=231418&mode=2&in_hi_userid=2&cached=true |
I've never understood accounting really, apart from the basic concepts. Supposing I want to keep a better track of my money, I'm using Excel at this moment. I guess I need to move to some double entry balanced accounting system.
The question is, how do you declare your income? Is there a table for that?
|
How do I add my income to my personal finance balance? |
I am thinking of getting life insurance and starting to think seriously about retirement (I'm going to turn 30 next year), but I expect that I will live in a couple of different countries over the next 10 years at least.
What are the implications of this? Do life insurance policies transfer with you if you move from... |
How to do long-term finantial planning if your career is expected to be international? |
I am thinking of getting life insurance and starting to think seriously about retirement (I'm going to turn 30 next year), but I expect that I will live in a couple of different countries over the next 10 years at least.
What are the implications for this? Do life insurance policies transfer with you if you move fro... |
How to do long-term financial planning if your career is expected to be international? |
Good question, and increasingly common for professionals.
If you're intending to return to your starting point (i.e. retire back in your "home" country) then your existing retirement vehicles will be fine. However, if not, structured policies don't transfer largely because of tax rules.
Global firms have employe... |
I have a friend who has started up his own business. Right now it's a one man operation. The problem is, as most businesses, he needs access to capitol in order to purchase equipment for installations. Since he's usually on net 90 terms with clients, his cash flow can be a nightmare and sometimes he can't do a job b... |
I have a friend who has started up his own business. Right now it's a one man operation. The problem is, as most businesses, he needs access to capital in order to purchase equipment for installations. Since he's usually on net 90 terms with clients, his cash flow can be a nightmare and sometimes he can't do a job b... |
We're looking to buy our first house, and are considering the different options for a mortgage. We are in the UK. We're having trouble comparing the options because it seems that you can only tell what your repayments will be for the first 2, 3 or 5 years. Is there any way of calculating (even a rough guess) what they ... |
Can you tell how much mortgage payments will be after the fixed term? |
I have seen a number of questions about improving or checking your credit score. I think a Wiki would be a good idea to deal with these questions. My feeling is there that you shouldn't worry about credit score, but about staying out of dept. The score will take care of itself.
Correct me if I'm wrong, but there are... |
What's the fuss about Credit Score? |
When looking at mortgages they all have an APR figure "for comparison". What does APR mean, and how does it allow you to compare the products? |
What is APR when looking at mortgages? |
I have seen a number of questions about improving or checking your credit score / history. I think a Wiki would be a good idea to deal with these questions. My feeling is there that you shouldn't worry about credit score, but about staying out of dept. The score will take care of itself.
Correct me if I'm wrong, but... |
What's the fuss about Credit Score / History? |
I have seen a number of questions about improving or checking your credit score / history. I think a Wiki would be a good idea to deal with these questions. My feeling is there that you shouldn't worry about credit score, but about staying out of debt. The score will take care of itself.
Correct me if I'm wrong, but... |
I am researching purchasing a three unit brownstone in Washington DC to serve as a rental. I am comfortable with my understanding of a personal mortgage, but don't fully understand how an investment mortgage works. What are the differences between the two? |
What are the differences between an investment mortgage and a personal mortgage? |
My company is considering selling itself, and the stock has has gone up 50% in value in the last couple weeks. How long should I wait to sell my stock?
Should I wait for announcement of offers? Hold until my stock gets exchanged into the new stock (which goes down in value when they make the offer)? Other considerat... |
When's the best time to sell the stock of a company that is being acquired/sold? |
It's just a guess, as I'm from the UK and am unfamiliar with the term "investment" mortgage but is it one where you are buying the property in order to rent it out, and make money from it, rather than to live in?
In the UK we call those "buy to let" mortgages and one of the main differences is that you have to have ... |
An admission: There's a reasonably well-known money personality/expert that wasn't on my radar screen until I started running this site. I'm referring to **Dave Ramsey**. I've become curious about Ramsey as I've seen many mentions of his name, shows, books, or courses in answers here at Basically Money:
- In [r... |
I have a traditional IRA, which has money which has been contributed three different ways:
1. deductible IRA contributions
2. non-deductible IRA contributions
3. rollover from 401(k)
I'm looking at converting in 2010, now that there's no income limitation. I also may only convert part of my traditional IRA ... |
IRA conversion when part of the contributions were non-deductible. Taxes owed? |
I have a traditional IRA, which has money which has been contributed three different ways:
1. deductible IRA contributions
2. non-deductible IRA contributions
3. rollover from 401(k)
I'm looking at converting in 2010, now that there's no income limitation. I also may only convert part of my traditional IRA ... |
I have a traditional IRA, which has money which has been contributed three different ways:
1. deductible IRA contributions
2. non-deductible IRA contributions
3. rollover from 401(k)
I'm looking at converting this to a Roth IRA in 2010, now that there's no income limitation. I also may only convert part of ... |
I often get gift cards (sort of like a debit card) and I usually end up using them to make online purchases. However, I often end up with a couple dollars change. Is there a way to deposit the remaining balance into some online account? Something like putting it in a paypal or Amazon account? |
What's your basis? If you have just made a 50% gain, maybe you should cash out a portion and hold the rest. Don't be greedy, but don't pass up an opportunity either. |
I have seen a number of questions about improving or checking your credit score / history. I think a Wiki would be a good idea to deal with these questions. My feeling is there that you shouldn't worry about credit score, but about staying out of debt. The score will take care of itself.
Correct me if I'm wrong, but... |
Here are some really excellent video tutorials on these topics:
[Introduction to Compound Interest][1]
[Introduction to Present Value][2]
[1]: http://www.khanacademy.org/video/introduction-to-compound-interest?playlist=Finance
[2]: http://www.khanacademy.org/video/introduction-to-present-value?playlist=... |
I see a lot of banks offering rewards checking accounts (maintain the account in an active status by doing x transactions/month,direct deposit, paper less statements etc, in return you yearn high apy. apy varies month to month)
I see a few of them here
http://www.depositaccounts.com/checking/reward-checking-acc... |
Are interest bearing checking accounts (rewards checking) covered by FDIC ? |
What are people using to scan and archive receipts?
The only software I've found that does this is NeatReceipts. Does anyone recommend it?
http://www.frys.com/product/5734692?site=sr:SEARCH:MAIN_RSLT_PG
|
NeatReceipts come up from time to time on woot.com. You can read up on the discussions which typically include several user testimonials at these past sales:
* [August 23, 2010](http://www.woot.com/Forums/ViewPost.aspx?PostID=4109089)
* [March 3, 2010](http://www.woot.com/forums/viewpost.aspx?postid=3821661)
*... |
I see a lot of banks offering rewards checking accounts (maintain the account in an active status by doing x transactions/month,direct deposit, paper less statements etc, in return you yearn high apy. apy varies month to month)
I see a few of them here
http://www.depositaccounts.com/checking/reward-checking-acc... |
I was raised in a lower class family, and we never really had money for anything we wanted. Now, years later, I have a job and I feel like I can't stop spending. I see myself buying useless things and eating out a lot because I never had a chance to do these kinds of things growing up and I'm absolutely in love with th... |
How can I spend less? |
One things about psychology - people spend more money when its an abstract concept instead of having cold, hard cash. What does this mean? People spend more money when they use credit cards for day to day purchases.
While I still use a credit card for day to day purchases, there's a big difference between bringing $... |
Will 5 years on OSAP's Interest Relief result in a one-time, permanent loan reduction on the order of 50%? |
I am 24, single, no dependents, and provided with a co-terminus health insurance policy by my employer.
I understand that if I have multiple health insurance policies, I can only make claim from _only one_ of them if ever I incur medical expenses (I'm from the Philippines).
What good will I get if I take another ... |
Do I need another health insurance policy? |
While I can't say how it is in the Philippines, my wife the insurance broker leads me to believe that individual insurance is more expensive than group coverages in the US almost always. So much so that people will go to great extents to form any sort of business just to insure themselves.
If however it is cheaper,... |
While I can't say how it is in the Philippines, my wife the insurance broker leads me to believe that individual insurance is more expensive than group coverages in the US almost always. So much so that people will go to great extents to form any sort of business just to insure themselves.
If however it is cheaper,... |
I will just explain the time value of money in general, descriptive terms and save the math for someone else.
Imagine: You have half a million dollars. I'd like to borrow it all from you. I'll pay it all back, every penny, but no more. And I'll pay it back in about, oh, thirty years or so. (Imagine also that you can... |
Many cities in the UK won't sell more than one parking permit per person. I didn't realise this when buying a second car and now need to transfer one of them into my wife's name (who uses one of the cars exclusively anyway) so that I can have the "honour" of parking outside overnight on a public road.
According to ... |
[UK] What are the consequences of transferring ownership (not selling) a vehicle on tax, licensing and future resale value? |
What are Vanguard's Admiral Shares? I recently heard about them, and I'm not sure how they differ from the normal shares of their mutual funds I have. |
What are Vanguard's Admiral Shares? |
My question is - how can an individual determine how reliable or likely an insurance company is to pay on their claims? I'm trying to balance two things here - cost of premiums and reliability of paying claims. I have second hand knowledge from a person that I trust that some companies (such as American Family Insuranc... |
What is the best way to determine the Value (balance of reliability and cost) of an insurance company? |
Vanguard's Admiral shares are like regular ("investor") shares in their funds, only they charge lower expense ratios. They have higher investment minimums, though. (For instance, the Vanguard Total Stock Market Index Fund has [a minimum of $3,000 and an expense ratio of .18% for the Investor Shares class][1], but a [mi... |
Vanguard's Admiral shares are like regular ("investor") shares in their funds, only they charge lower expense ratios. They have higher investment minimums, though. (For instance, the Vanguard Total Stock Market Index Fund has [a minimum of $3,000 and an expense ratio of .18% for the Investor Shares class][1], but a [mi... |
With stock evaluations, we have the "[golden cross][1]" event where short and long term moving averages cross over and we have a potential bull market soon. I have seen some definitions use the 200 day moving average to the 50 day. I also saw another use 100 day to the 50 day. Then, of course, you can set your own ti... |
What are the common moving averages used in a "Golden Cross" stock evaluation? |
I have a $500 limit, and probably below average credit history. Is there a downside to asking for a credit increase? |
Is there a downside to asking for a credit increase? |
Vanguard's Admiral shares are like regular ("investor") shares in their funds, only they charge lower expense ratios. They have higher investment minimums, though. (For instance, the Vanguard Total Stock Market Index Fund has [a minimum of $3,000 and an expense ratio of .18% for the Investor Shares class][1], but a [mi... |
I'll take a broader view of your question.
Others have said that "the worst thing they can do is say 'no'." But you admit to (probably) having below-average credit.
So, *is* it bad for them to say no? That depends!
Are you still deserving of the below-average credit? If so, then what would likely happen if ... |
A request for credit line increase can result in a credit report inquiry. This may take some points off your credit score.
Have you checked your score recently? It may be worth the effort.
|
For weekly chart, I know that
open price means open price on Monday
prev price means prev price on Monday
last price means last price on Friday
high price means highest price among the week
lowest price means lowest price among the week
But, how about volume?
Thanks. |
Greetings,
I have been relocated by my company to the US and lived there for a few years.
Now I'm back home.
Being away I'm suspecting that I'm more susceptible to identity thefts.
I'm looking for a few good steps to take considering I'm not very active financially.
One thing I did and been happy about us [opt... |
I know, people can steal your money, or can borrow money in your name, etc. But in the end you should be able to demonstrate that you didn't do that, right?
What would worry me is somebody getting my e-certificate. That's like a passport without photo.
The question here is what's the point in checking? In the end... |
What's the fuss about Identety Theft? |
Everything lies in *In the end*.
How many days/weeks/months/years can you wait for your money back? |
What's the fuss about identity theft? |
How to keep an eye on identity theft while away and out of the country? |
I've just come across [this article over on the mintlife blog][1] and noticed that I do live in one of the ten community property states. I'm not overly familiar with this particular concept (keep in mind I moved here from the UK and the rules governing debt and spousal responsibility for them are obviously different j... |
I have ISO's in a private company and am trying to decide whether there is any advantage in exercising them. The price is low enough and my confidence in the company is high enough that I am comfortable taking a risk to exercise them.
I understand the tax implications with an exercise with respect to AMT with a publ... |
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