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 Finance Financing Liabilities 200

The Motley Fool

JULY 20, 2023

Image source: Getty Images It's likely that you were ready to wave tax season goodbye a few months ago. Rounding up forms and trying to get in touch with your accountant (or going through the tax-filing process on your own) isn't really anyone's idea of fun. What are your qualifications?

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Taxes Education Accounting Liabilities 100

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

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

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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Taxes Liabilities Accounting Finance 246

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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Liabilities Debt Education Assets 246

Walkner Condon Financial Advisors

APRIL 26, 2024

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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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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Legal Startups Banks Taxes 245

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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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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Taxes Debt Banks Accounting 246

The Motley Fool

MAY 2, 2024

Image source: Getty Images Managing expenses, paying taxes, staying on top of payroll, and the overall money management required to run many small businesses will likely take more time and effort than many business owners want. It's crucial to keep your personal accounts separate from your business accounts for taxes, expenses, and income.

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Ballast Advisors

MARCH 17, 2023

The concept of your domicile is very different from that of your residency Domicile is an important concept in determining one’s residency status for tax purposes. Taxes Matter For tax purposes, an individual’s domicile is often considered to be their state of residency for tax purposes. Residing in Florida?

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Taxes Liabilities Consulting Consultants 40

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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Taxes Consulting Consultants Liabilities 246

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 Finance Financing 195

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 Finance 246

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

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 Finance Financing Stakes 246

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

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

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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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

APRIL 29, 2024

For example, when handling your business's finances, you might wonder about the right way -- and wrong way -- to use business credit cards. Credit cards are handy financing tools The simple convenience of a credit card is a big selling point to me. Should you have one? More than one? How many is too many?

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The Motley Fool

FEBRUARY 24, 2024

billion is getting concerning, and the last few quarters have been characterized by selling off hundreds of millions of its investments to pay down its liabilities. Underscoring its increasingly fraught finances, Walgreens' quarterly dividend was cut by nearly half at the start of this year. At the same time, its debt load of $34.7

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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.

Legal 244

Legal Consulting Consultants Liabilities 244

The Motley Fool

NOVEMBER 1, 2023

Meanwhile, others are considering an EV purchase thanks to expanded and updated tax credits. Let's take a quick look at the impact on the environment and your personal finances that buying an EV may have. Here's what you need to know: Tax credits: You could receive up to $7,500 for a new EV and up to $4,000 for a pre-owned EV in 2023.

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Taxes Liabilities Finance Financing 130

Walkner Condon Financial Advisors

MAY 1, 2023

ISOs and NQSOs differ in how they are treated from a tax perspective at exercise and upon the disposal (sale) of the stock. RSUs are taxed as compensation income upon vesting (with one exception of deferring the taxation using an 83(i) election , if eligible to do so). In many cases this financing is provided in a nonrecourse fashion.

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The Motley Fool

APRIL 9, 2024

Image source: Getty Images Loud budgeting may be trending lately, but for the most part, people keep their finances private. Net worth, to clarify, is the value of all your assets minus your liabilities (debts). Improving your finances isn't an especially complicated process, but it takes time. Contribute to retirement accounts.

Debt 130

Debt Finance Financing Liabilities 130

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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Debt Investing Liabilities Private Companies 246

The Motley Fool

MAY 15, 2024

Not having the correct tax withholdings In my first salaried job, I worried about getting my tax withholdings right. Knowing how much to withhold and what might affect your tax liabilities can be challenging, and I didn't know where to start. How to avoid it: The IRS has a convenient tax withholding estimator.

Taxes 130

Taxes Accounting Liabilities Assets 130

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

However, in times of market runoffs, it is important to review your finances and check the boxes on year-end tasks to ensure you are well-positioned for when the markets rebound. Assuming you are eligible, these accounts can be quite tax advantageous for your overall financial situation. TAX AND ESTATE PLANNING.

Liabilities 98

Liabilities Taxes Accounting Assets 98

The Motley Fool

FEBRUARY 1, 2024

Among other things, the unrealized gain on our equity portfolio now stands at over $6 billion free tax. The total size of our fixed income portfolio also grew in alignment with our growth in reserves given we generally match our insurance liabilities with highly rated fixed income securities of similar duration and currency.

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Liabilities Portfolios Capital Shareholders 130

The Motley Fool

AUGUST 6, 2024

Operator instructions] With us today are Francis Dufay CEO of Jumia; and Antoine Maillet-Mezeray, executive vice president, finance, and operations. Building on this momentum, disciplined cost management combined with recent reductions in finance costs reduced our quarterly cash burn from $19.1 We'll start by covering the safe harbor.

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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.

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Liabilities Debt Banks Taxes 246

The Motley Fool

AUGUST 13, 2024

It doesn't include liability coverage for you, your passengers, or other pedestrians. Renting a car at an airport may also lead to extra fees and taxes. This broke down to $215 for the car and $114 for taxes and fees. The higher price isn't just for convenience. The cost of renting the car at the airport was $330 for three days.

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The Big Picture

OCTOBER 23, 2023

Instead, we now have massive amounts of liabilities. Your grandchildren will blame the toxic combination of incompetency and ideology for the massively increased carrying costs of unfunded spending and tax cuts. Some of it was merely incompetency but a lot of it was purposeful. just decades later at a much greater cost.

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Debt Taxes Liabilities Finance 133

The Motley Fool

AUGUST 1, 2024

CAFD yield with an investment structure that both provides desirable market participation and extended tax runway benefits. gigawatts of equipment that secures qualification for tax credits for projects across multiple COD vintages and technologies through 2028 making use of long-standing safe harbor guidance. Turning to Slide 5.

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The Motley Fool

JULY 21, 2024

ROCE is earnings before interest and taxes divided by total assets minus current liabilities. FCF is also important because it can be used to pay dividends, buy back stock, or finance other activities. ROCE is an important profitability metric, especially for capital-intensive businesses.

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Debt Earnings Before Interest Liabilities Capital 130