Running a business means having a good handle on the costs that you will be incurring to keep your business running. Even if you are in a low startup cost business, such as an online or service-based business, there are certain expenses you will need to pay on a regular basis.
Business licenses are not only a startup cost, they are a recurring cost of doing business. Depending on which state, county and city you are doing business in, business licenses could be a recurring cost. When you apply for your business license and certifications, double-check their renewal dates and costs. [...]
Only about 1 percent of all Americans will face a tax audit any given year. Some audits are selected completely at random, but most are in response to red flags. Avoiding these red flags will do much to reduce your chances of becoming part of “the 1 percent.”
Excessively large charity contributions are one of the biggest red flags for the IRS.
Alan Straus, a tax attorney and certified public accountant in New York, said:
“It is really unusual for people to give more than 10 percent of their income. Ten percent is an extremely large number. The average is really about [...]
If you’re looking for an investment that offers steady reward with relatively minimal risk, consider bonds. Conservative investors have flocked to bonds for years because they remain comparatively steady when the stock market is volatile. The Wall Street Journal advises young investors to populate up to 15 percent of their retirement accounts with bonds.
What what bonds can do, exactly?
Represented on paper, bonds are loans a consumer makes to a company, city or the federal government. They’re essentially IOUs, where the investor receives the promise that their money will be paid back in full, with regular interest payments. As interest rates [...]