opinion
What is the cost when someone borrows money from someone else?
Interest—The price of using someone else’s money; the price of borrowing money. Can you sue someone you loaned money to? If you lent someone money, you ca...
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Opinion
opinion
Can single-member LLC be shareholder of an S corp?
IRS, in three Private Letter Rulings, has taken the position that a single-member LLC that is completely owned by an eligible S corporation shareholder (e...
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opinion
How do taxes work with a sole proprietorship?
As a sole proprietor you must report all business income or losses on your personal income tax return; the business itself is not taxed separately. (The I...
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opinion
Do you need a certificate to be a dog groomer in Florida?
Florida does not require dog groomers to have a certification. How profitable is a dog grooming business? Pet grooming is a potentially very profitable bu...
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opinion
How do taxes work if you live in NY and work in NJ?
You’re also responsible for city income tax if you live in NYC and work in NJ. Tax withholding is required. The rate varies from 3.078 percent to a top ma...
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opinion
Do you have to report stock loss on taxes?
The loss from the sale of one stock will cancel the gain from the sale of another stock, and such losses reduce your taxable net gains. Even if you only h...
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opinion
What type of natural hazard is lava flow?
Deaths attributed to lava flows are often due to related causes, such as explosions when lava interacts with water, the collapse of an active lava delta t...
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opinion
Can I apply for Social Security at 61 and a half?
You can apply once you reach 61 years and 9 months of age. However, Social Security reduces your payment if you start collecting before your full retireme...
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opinion
What are the legal requirements when checking a vehicle for compliance?
vehicle registration or identification mark. date of inspection. details of the defects. name of the person reporting the defects….You should carry out a ...
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opinion
How do you price a product for resale?
Pricing New Products for Resale The simplest is generally a cost-plus approach, which means that you multiply your product cost by a markup factor such as...
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