The Motley Fool

JULY 13, 2024

That means not carrying credit card debt from month to month or financing a new boat, ATV, or vacation whenever the whim strikes. They take advantage of tax deductions Millionaires have learned that minimizing their tax liability is an overall strategy for protecting their personal finances.

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The Motley Fool

MAY 5, 2024

Image source: The Motley Fool/Upsplash The end of tax season is a good time to reflect on the value of professional tax help, especially for small business owners. I don't know why any small business owner would want to go through the hassle and stress of doing your own taxes.

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The Motley Fool

APRIL 29, 2024

The money you contribute, up to the allowable limits set by the IRS, can serve the very important purpose of exempting some of your income from taxes, all the while giving you access to funds you can use later in life. Well, you just created a $10,000 tax liability for yourself -- meaning, the IRS gets to tax that $10,000 as income.

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The Motley Fool

OCTOBER 28, 2023

But another reason to do this is to save time and minimize stress during the upcoming tax season. 31, now is an ideal time to get your finances in order. If you struggle with keeping your business finances organized, small business accounting software can be helpful. As we approach Dec.

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The Motley Fool

JANUARY 23, 2025

Marcos Gabriel -- Senior Vice President, Global Finance and Capital Markets Thank you, Brendan, and good morning, everyone. Our fourth quarter adjusted effective tax rate was 25.4%, compared to 22.3% This decrease was primarily due to the unfavorable tax rate, as well as the increase in SG&A that I mentioned earlier.

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Financing Finance Taxes Capital 223

The Motley Fool

MAY 5, 2024

Tracking your net worth can be a great way to stay on top of your finances and ensure you're making good progress toward building wealth. Here's the net worth that puts you in the top 5% The Federal Reserve regularly surveys American households, cataloging all sorts of financial variables, including assets and liabilities.

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The Motley Fool

MARCH 19, 2025

I will now hand the conference over to your speaker host, Jim Bombassei, senior vice president of investor relations and corporate finance. You know, curious, if anything, what you're taking from a balance sheet or liability standpoint besides the rights contracts at fair market value. Please go ahead. dollar-denominated sports rights.

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The Motley Fool

SEPTEMBER 13, 2024

Ramsey's approach can be a bit extreme, and in personal finance, balance is key. Instead of rushing to eliminate every ounce of debt, focus on the high-interest liabilities while allowing yourself to use low-interest debt to build long-term wealth. Finding a balance is essential for financial success.

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Debt Financing Finance Liabilities 243

The Motley Fool

JULY 20, 2023

Plan for the tax bill Whether you take the $516.8 million lump sum or you annuitize the $1 billion, expect to pay a lot in taxes. Lottery agencies are required to withhold 24% of prizes above $5,000 for federal taxes. Again, consult with your financial professionals about tax strategies.

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The Motley Fool

DECEMBER 18, 2023

With that in mind, now is a great time to start tightening up some loose ends and assessing your personal finances for the new year. For most 401(k) plans, you have until the end of 2023 to contribute up to the limit, while IRA investors have until tax day of 2024 (April 15) to hit theirs.

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The Motley Fool

OCTOBER 31, 2024

On the institutional side, our continued leadership in pension risk transfer was reinforced through a second transaction with IBM, this time to reinsure $6 billion of pension liabilities. We also maintain a well-diversified, high-quality portfolio and disciplined approach to asset liability management. on an after-tax basis.

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Liabilities Assets Capital Shareholders 130

The Motley Fool

JUNE 7, 2024

Then subtract all your liabilities, such as credit card debt and personal loans, from your assets to find out your net worth. This will give you a snapshot of where your finances stand right now. Many employers offer retirement plans like a 401(k) to help you save in a tax-advantaged way.

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Exchange-Traded Funds Taxes Accounting Education 242

The Motley Fool

JULY 6, 2024

Map out your finances and set goals to help you stay on track. This separation not only protects your personal assets from business liabilities, but can also offer potential tax benefits. Market research: Look for gaps in the market that match your skills. The cost here is your time.

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The Motley Fool

APRIL 16, 2024

Keeping your side hustle money separate from your usual personal finances can help make it easier to track your income and any tax-deductible business expenses.

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Taxes Legal Liabilities Financing 246

The Motley Fool

APRIL 8, 2024

Your net worth is calculated by adding up all of your assets -- cash savings, investments, home value, and other property -- and subtracting your liabilities -- your mortgage balance, student loans, credit card debt, and any other money you might owe. Note that's far lower than the arithmetic mean of $1.06

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Debt Liabilities Accounting Taxes 246

The Motley Fool

FEBRUARY 10, 2024

They're all particularly sensitive to interest rates because they're required to pay out at least 90% of their taxable income as dividends in exchange for the ability to pass the tax liability on to shareholders. When the Fed signaled it would quit raising rates, REITs rallied.

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Liabilities Financing Finance Stakes 246

The Motley Fool

DECEMBER 19, 2024

I'm here today with Bill Nash, our president and CEO; Enrique Mayor-Mora, our executive vice president and CFO; and Jon Daniels, our senior vice president, CarMax Auto Finance Operations. CarMax Auto Finance or CAF delivered income of $160 million, up 8% from the same quarter last year. billion of repurchase authorization remaining.

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Leveraging Depreciation Taxes Financing 130

The Motley Fool

JUNE 23, 2024

Form an LLC or other business entity for (nearly) free You might not want to commit to taking this step right away, but if you're serious about making money with your small business idea -- especially if your business might go from a side hustle to a full-time income -- you should form an LLC (limited liability company) or other corporate entity.

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The Motley Fool

MAY 8, 2024

But if you're starting to make serious money from your side hustle, forming a limited liability company (LLC) or other legal business entity could be a good move. 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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Insight Partners

MARCH 14, 2025

From choosing the right corporate structure to understanding employment laws, tax obligations, and data privacy regulations, founders must build a strong legal foundation to ensure a smooth transition. For example, you may be required to make local tax and employment filings and perform annual audits, even on entities with limited operations.

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The Motley Fool

DECEMBER 3, 2023

Take the baseline Ford F-150, which is about $15,000 cheaper than the electric Ford Lightning base model (before tax credits). Assumed vehicle financing (instead of lease or purchase). Results: Progressive quoted me 98% and 24% more for EV comprehensive and collision auto insurance, but 5% less for liability insurance.

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Liabilities Taxes Financing Finance 195

The Motley Fool

FEBRUARY 1, 2024

This is a function of investors being concerned following a July report from The Wall Street Journal that alleged legacy telecom companies utilizing lead-sheathed cables could face large environmental/health liabilities, as well as replacement costs. Furthermore, any potential liabilities would likely be determined by the U.S.

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The Motley Fool

DECEMBER 9, 2024

One of Michael's proudest compliments -- accomplishments has been building a world-class finance team under his leadership, and I'm confident that we will not miss a beat during this transition. If we have not named Michael's successor by fiscal year-end, Serge Tanjga, SVP of Finance, will serve as Interim CFO, beginning on February 1st.

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Education Professional Services Leveraging Accounting 242

The Motley Fool

SEPTEMBER 13, 2024

Image source: The Motley Fool/Upsplash Your 50s are a time when finances really come front and center for a lot of people. It's not always easy to find the time to take a hard look at your finances, but it's helpful to assess where you're at periodically. First, net worth is simply a measure of your assets minus your liabilities.

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The Motley Fool

JUNE 16, 2023

A business plan forms a specific roadmap for your business, as it outlines your goals and provides a concrete record of how you'll handle finances, business operations, sales and marketing, and beyond. As a business owner, your taxes will be different from what they were when you worked for someone else.

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The Motley Fool

JULY 6, 2023

These include retirement age, cash-flow needs, income sources, tax liabilities, and inflation. Other households can reduce interest expenses on healthier debt, such as mortgages and automobile loans, through financing. Set measurable goals There are a lot of variables that determine your required retirement savings.

Liabilities 246

Liabilities Debt Banks Taxes 246

The Motley Fool

FEBRUARY 5, 2025

Morici -- Chief Financial Officer and Executive Vice President, Global Finance Thanks, Joe. tax authorities regarding cumulative assessments of approximately $100 million for unpaid VAT related to certain Clear Aligner sales made during the period of October 2019 through October 2023. tax authorities. million, up 1.8%

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The Motley Fool

DECEMBER 5, 2023

The intimation is that the replacement of these cables, along with potential health-related liabilities, could be quite costly for telecom companies. It also fails to consider that any liability costs (if there are any) would be determined in the U.S. This means they're paying above-market rates for the financing they can secure.

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The Motley Fool

NOVEMBER 5, 2024

The fact that your contributions are tax-free could make them easier on you financially during the period when you're trying to build up retirement wealth. Not only will your withdrawal be taxed during retirement, but at some point, you'll be forced to take required minimum distributions , or RMDs. But the impact can go beyond that.

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The Motley Fool

AUGUST 24, 2024

There are several reasons for this -- first, it lets those sweet tax-deferred accounts to keep growing tax free. Pulling from your taxable accounts can also lower your current taxes, since withdrawals usually result in capital gains taxes that tend to be less than income tax.

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The Motley Fool

DECEMBER 11, 2024

At this time, I'd like to turn the conference over to Steve Day, SVP, DX; CFO; and corporate finance; interim head of IR. Adobe's effective tax rate in Q4 was 15.5% We expect non-GAAP operating margin of approximately 46% and a non-GAAP tax rate of approximately 18.5%. Today's conference is being recorded. Please go ahead, sir.

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Education Leveraging Taxes Portfolios 243

The Motley Fool

JANUARY 6, 2025

The result included a 264 million after-tax charge for litigation expense as a result of a verdict the company intends to appeal. Excluding an approximate 265 million after-tax charge related to the litigation accrual, adjusted earnings for the quarter totaled 88.5 million, or a loss of $1.54 per diluted share, on sales of 1.9

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The Motley Fool

NOVEMBER 23, 2024

According to the Fed's Survey of Consumer Finances, the average American between the ages 35 and 44 had $141,520 in retirement savings in 2022 (when the most recent numbers were released). About 10 years ago, I became interested in personal finance. This puts us well above the average for our age range. Ready to open your own IRA?

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Taxes Accounting Liabilities Financing 130

The Motley Fool

MAY 8, 2024

Forming an LLC or other legal business entity If you want to make your business "official" in the eyes of the law, you need to form a limited liability company (LLC), S Corporation, or other legal business entity. It lets you get an Employer ID Number (tax identification number, like a Social Security number for your business).

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The Motley Fool

JULY 10, 2024

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.

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The Motley Fool

NOVEMBER 3, 2024

Cashing out is generally not a great idea as you'll pay taxes and penalties -- and decimate your retirement savings!) A taxable event is any financial transaction, like selling an asset or withdrawing funds, that triggers a tax liability, meaning you'll have to pay taxes on growth. What tools and resources are available?

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Liabilities Taxes Education Consultants 130

The Motley Fool

OCTOBER 18, 2024

We have outstanding franchises in dealer financial services, Ally Bank, and corporate finance. At the bank, deposits are contributing more margin than at any point in the company's history, and corporate finance is on pace for its highest annual earnings ever. includes significant tax credits within the period.

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