lifestyle
Can you pay dividends with a loan?
Repaying a loan using dividends The simplest way to reduce a directors loan is to vote a dividend but instead of paying the dividend to the shareholder, u...
Category: Lifestyle
lifestyle
Is it cheaper for companies to use recycled materials?
It is cheaper to make products using recycled materials. For example, using fresh aluminum costs twice as much as using recycled aluminum. Through recycli...
lifestyle
What is a household help?
Household workers may be paid on an hourly, daily, weekly, or per-job basis. Some common examples of household workers include the following: babysitters,...
lifestyle
What is the difference between a joint owner and a beneficiary?
As the account owner, you control the money, and you can add, modify or remove beneficiaries at your discretion. Beneficiaries have no ownership or right ...
lifestyle
Should I file as resident or nonresident state taxes?
You may need to file a nonresident tax return for each state in which you worked, but did not reside. For example, if you lived in one state and worked in...
lifestyle
Can I contribute to a 401k with 1099 income?
“A solo 401(k) can also have a Roth feature.” SEP IRA. The simplified employee pension plan allows 1099 workers to contribute up to 25 percent of their ne...
lifestyle
Do you pay taxes on an investment property?
The amount you pay depends on how long you held the investment. How much you owe depends on how long you owned the property: Less than a year: It’s a shor...
lifestyle
Can you claim capital loss on sale of house?
A loss on the sale or exchange of personal use property, including a capital loss on the sale of your home used by you as your personal residence at the t...
lifestyle
Are gifts to employees taxable 2020?
Background: Unlike gifts made on a personal level, gifts from an employer to employee (outside the context of employment) are generally taxable to the rec...
lifestyle
Who usually pays impact fees?
Buyers pay the largest share of the fee. In the short term, both buyers and developers share the burden (see Figure 1). What are impact fees in developmen...
lifestyle
Can you buy land from the state of Colorado?
The state of Colorado spans 66 million acres. Occasionally we buy and sell land and other real estate for the benefit of our trust. We call it acquiring a...
lifestyle
What are the letters after an accountant?
Certifications CPA (Certified Public Accountant) CVA (Certified Valuation Analyst) MAFF (Master Analyst in Financial Forensics) ABAR (Accredited in Busine...
lifestyle
Should self-employed have an LLC?
Unless the owner elects corporate tax status, owning an LLC is self-employment. Since pass-through taxation is generally beneficial, most LLCs retain thei...
