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taxes

When it comes to business taxes, most of us are in the dark about them. There are so many ways a business can identify and file, such as an LLC, SMLLC, Corporation, S-corporation, Sole Proprietor, or Partnership. We know we have to pay taxes. We know that if we don’t, there will be serious consequences. But what are disregarded entities? And do they need to file taxes? Does a single LLC need a 1099 and what is it? And why and when do we need a tax professional? Let’s take a look. What is a disregarded entity for tax purposes?…

Every parent should know that teaching children the true value of money, together with financial responsibility importance is vital for future development. Nowadays, it is more important than it ever was to teach teens how to be credit card savvy. Really good credit automatically means that the child ends up understanding things when young. This prepares them for the time when they will be alone. Turning Point USA works hard to teach children and teenagers about financial responsibility. They offer the following tips. Discussing Financial Realities The first thing to do is to talk to the teen about living in…

Photo by Katie Harp on Unsplash When unforeseen circumstances throw a wrench in your affairs, panicking is an understandable response. Keeping a level head and working through things logically, however, can save you a lot of long-term hassle. Unexpected expenses can really throw out your budget, but there are ways to deal with them that won’t make the sky fall in. Plastic is Not Fantastic When your bank balance doesn’t exactly cover the bills, it can be tempting to reach for your trusty credit card and put everything firmly in the deal with it later pile. The problem with this…

Traders who are interested in dipping their toes into the world of cryptocurrency should learn a few things about how the industry operates to understand their day trading opportunities better. The ups and downs of any cryptocurrency will provide the rush that day traders seek, but the volatility can lead to unexpected results. The best tip we can give is to educate yourself on how the cryptocurrency market works, but you should keep these extra tips in mind when trading. Learn How Blockchain Technology Works The underlying technology behind cryptocurrency is called the blockchain. It is a record that cannot…

If you win the Mega Millions lottery, chances are you have some amazing luck. But to go along with that luck, you are going to need some smarts as well, in order to preserve and grow your fortune, and ensure that you don’t accidentally blow it all. Some lottery winners make the mistake of stepping out into the spotlight, spending lavishly, controlling their own finances and failing to invest any away. No, no, no. If you want to make the most out of your lottery jackpot, follow these easy rules.  Go Anonymous The temptation will certainly be there to shout…

Image: https://www.solarcostguide.com/guides/wp-content/uploads/2015/03/Save-Money-with-Solar.jpg Nowadays solar energy is gaining popularity throughout the world, thanks in many ways to the companies behind the development of photovoltaic cells that make up solar power systems used by individual homeowners and businesses alike. It’s an exciting time of innovation, development, and acceptance of solar power and it’s a pivotal time for the future of our planet and, indeed, our pockets. Although solar energy is a renewable source of energy and therefore sustainable and environmentally friendly, the principal reason why so many people have taken to using solar energy is the money that can be saved. With…

Are you familiar with different identity theft protection plans and providers? If not, it would behoove you to take some time to get to know them. That said having one with the right intentions watching over your finances is good. For too many consumers, they do not spend time and resources watching out for their finances. As a result, an identity theft thief can swoop in and cause misery for them. With that in mind, is identity theft protection on your radar? Take a Pro-Active Approach with Your Finances In doing all you can to manage your finances in a…

As great as the internet is for finding in-depth info on basically any topic to ever exist, it can be a misleading place where convenience and laziness reign supreme. We’re already overly reliant on the top results Google serves us, and when we read information that agrees with our preconceived notions, we tend to automatically agree without investigating further. In the case of debt relief, a stigma already exists about the industry’s lack of legitimacy. Circulating press from the Freedom Debt Relief lawsuit back in November only further muddled the picture as one of the nation’s largest debt relief providers…

Following Tim Draper’s prediction that bitcoin will hit $250,000 by 2022, we can’t help but wonder how this development will be felt in the online gaming market. We’re already seeing some of the best online gambling sites offer players the chance to use bitcoin and other cryptocurrencies to play their favorite casino games, but will this trend continue to progress, or will it die out? The Rise of Cryptocurrencies It is no longer the case that bitcoin is only used on the dark web, as the use of cryptocurrencies are becoming increasingly common at mainstream websites. Retailers like Overstock.com and…

If you are a financial advisor or you wish to become one, this is the article for you. What better advice to receive than from one of the top finical advisors in the USA, and that is exactly what we have for you to today. Patrick Dwyer Merrill Lynch Miami – based advisor has recently been included in Forbes top 250 wealth managers in the country. Dwyer works at his firm Dwyer & Associates is part of Merrill Lynch’s private investment and banking group, and he is based in Miami where he works with some o fetch wealthiest companies and…