The Motley Fool
MAY 8, 2024
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.
The Motley Fool
JANUARY 22, 2024
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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The Motley Fool
MARCH 6, 2024
Read more: we researched free tax software and put together a list of the best options here Remember, it's your money A tax refund is money you paid to the government throughout the year that exceeded your actual tax liability. These individuals are better off consulting a tax professional to determine what their tax withholding should be.
The Motley Fool
JUNE 17, 2023
General liability insurance As its name suggests, general liability insurance covers a wide range of liability situations that you may face as a business owner. Keep in mind that liability insurance covers damage done to third parties, not to you (the "first party").
Integrity Financial Planning
JUNE 12, 2023
As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. 1] Many states offer tax breaks for retirement income or have no income tax, which can help you reduce your tax liabilities in retirement.
The Motley Fool
MARCH 16, 2024
To that end, it pays to claim any tax credits you're entitled to, as they'll reduce your IRS liability on a dollar-for-dollar basis. In that situation, you should, in theory, be able to deduct the cost of renting your office space (though you should always consult a tax professional before making decisions like these).
Pension Pulse
MARCH 28, 2024
This is the pension opportunity of a lifetime,” said Scott Jarboe, a partner at consulting firm Mercer. Using the surplus isn’t straightforward, but strategies for dealing with it could mean more business flowing to pension consultants and financial firms like Mercer, a unit of Marsh McLennan, and Goldman Sachs Group Inc.
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