education
Can my company purchase my car?
To purchase a vehicle that belongs to your company, the company must be registered as an LLC or another legal business entity. You should also have an Emp...
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Education
education
What is a trade in commercial real estate?
A Re-trade is the practice of renegotiating the purchase price of real property by the buyer after initially agreeing to purchase at a higher price. Typic...
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education
How do I avoid capital gains tax when flipping a house?
Look into a 1031 Exchange If you’re looking to continually fix and flip and make your side hustle a full-time job, a 1031 like-kind exchange is a great ta...
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How long does it take to get an uncontested divorce in South Dakota?
South Dakota Divorce Overview In South Dakota, a divorce can be completed on average in a minimum of 60 days, with court fees of $95.00. Unlike many state...
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education
How long do I have to submit my PPP forgiveness?
You must apply for forgiveness within 10 months after the end of the ‘Covered Period. ‘ which is the 24-week period that starts when you received your PPP...
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How does a taxpayer determine their taxable income?
Taxable income is calculated by starting with gross income, subtracting excluded income and personal exemptions (which are suspended beginning 2018), and ...
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education
What does a high tax burden mean?
Definition of ‘tax burden’ the amount of tax paid by a person, company, or country in a specified period considered as a proportion of total income in tha...
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education
How much money do you get from SS when you retire?
For someone at full retirement age, the maximum amount is $3,113, and for someone aged 62, the maximum amount is $2,324. The absolute Social Security max ...
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education
Can I move my LLC to a different state?
When you move an LLC to another state, your business is considered a “foreign LLC” in that state. It’s perfectly acceptable to have an business that is fo...
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education
What are the 2021 Roth IRA eligibility limits for married couples filing joint?
$198,000 if filing a joint return or qualifying widow(er), $-0- if married filing a separate return, and you lived with your spouse at any time during the...
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