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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. Setting up an LLC for your side hustle can help you in a few big ways: It keeps your business income (and identity) separate from your personal finances.

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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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Paying Taxes on Social Security Benefits: 3 Pitfalls for Retirees to Avoid in 2024

The Motley Fool

In fact, many retirees can often sell long-term stock and bond holdings without any tax liability, thanks to a generous 0% tax bracket for capital gains. 3: Ignoring state taxes Even if you carefully manage your finances to avoid significant taxes on the federal level, you could end up paying for it at the state level. Pitfall No.

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The 6 Smartest Things You Can Do if You Win the Powerball

The Motley Fool

Again, consult with your financial professionals about tax strategies. Charitable giving can help you lower both income taxes and estate tax liability. A last will and testament may be sufficient when your finances are relatively simple. Lottery agencies are required to withhold 24% of prizes above $5,000 for federal taxes.

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Unexpected Risks That Your Small Business Insurance Should Cover

The Motley Fool

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

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Navigating Finances Together: A Guide for Newlyweds and Engaged Couples

Walkner Condon Financial Advisors

Whether you are engaged or have recently married, developing a plan to combine finances with your partner can significantly reduce finance-related stress down the road by promoting transparency and simplicity in your relationship. Discussing finances isn’t the most exciting topic in the world for most people, (except for me!)

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Beyond Freelancing: Building a Business from Your Freelance Skills

The Motley Fool

For example, if you own a home repair company with a partner, you may want the liability protection of an LLC, while a solo graphic designer might choose a sole proprietorship. Finally, an LLC, or limited liability company, creates a separate legal entity for your business. This could mean opening a company checking account.

Legal 130