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International Business Machines (IBM) Q2 2024 Earnings Call Transcript

The Motley Fool

We had strong performance in software and infrastructure above our model as investment in innovation is yielding organic growth, while consulting remained below model. As we stated last quarter, factors such as interest rates and inflation impacted timing of decision making and discretionary spend in consulting.

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Is an LLC Worth It for Sole Proprietors?

The Motley Fool

LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation. The main benefits of creating an LLC include: Liability protection: An LLC protects your personal assets by separating your business and personal assets.

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Can I Claim the Child Tax Credit This Year?

The Motley Fool

This meant that someone with no tax liability could still receive the full value of the credit from the IRS. And if you're not sure, consult a tax professional. One part of that package included a boosted Child Tax Credit. The boosted Child Tax Credit went away in 2022. But the pre-pandemic version of the credit still exists.

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Is Your Small Business Ready for This New Federal Reporting Requirement in 2024?

The Motley Fool

In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes. There are many ways to set up a business structure, such as an LLC (limited liability company), corporation, or other business entity.

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5 Valuable Tax Credits You Should Know About in 2024

The Motley Fool

A tax credit is a dollar-for-dollar reduction of your tax liability. Better yet, consult a tax professional so they can guide you through the filing process and help ensure you don't miss out on any tax benefits you're entitled to. When filing your taxes, it's a good idea to try to snag as many tax credits as you can.

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Top 5 Tips to Make Your Side Hustle More 'Serious' (and Successful)

The Motley Fool

Whether it's a graphic design consulting business, a small online craft store, a cupcake bakery, or a home-based meal prep service, a side hustle can be a great way to earn extra cash. Image source: The Motley Fool/Upsplash So you've started a side hustle.

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Top 3 Lessons From the CrowdStrike Outage: Why You Need Small Business Insurance

The Motley Fool

But one ominous lesson from this episode is that even small businesses can be affected by tech outages -- and might owe big financial liabilities. Nevertheless, contractual obligations may play an important role in determining liability. The update might have impacted their clients and other dependent client businesses. "The