Tag: 47
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Investment in Real Estate Investment Trusts for Hotels
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Investing in hotels can be an exciting way to own real estate. If you’re wealthy, you can directly franchise a hotel from one of the major hospitality companies. Buying a midscale hotel can cost around $15 million. Luxury hotels can easily require $30 to $60 million or more. Although most…
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How to Calculate Mortgage Loan Installments
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Home equity loans allow you to borrow money against the equity in your home, using your home as collateral. Your home equity is the market value minus the amount you owe on your mortgage. For example, if your home is worth $200,000 and you still owe $50,000 on the mortgage,…
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Learn About Options for Selling Futures Contracts
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Introduction Put options on futures contracts are one of the derivatives financial instruments that grant the buyer the right, but not the obligation, to sell a particular underlying asset or security at a specified strike price before the contract’s expiration. Put options on futures are an effective way to take…
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Comparison between Ripple and Bitcoin
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What is Ripple (XRP)? Ripple is a currency primarily used by Ripple to make payments between banks in various fiat currencies. In 2011, three engineers named David Schwartz, Jed McCaleb, and Arthur Britto created an alternative to Bitcoin. They wanted it to require less energy (in terms of computing power)…
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How do consultants pay taxes?
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Consultants are experts in a specific field who share knowledge and insights with clients or employers who pay them. Starting a consulting practice is a way to start your own business and work on a contractual basis. Freelancing brings many freedoms and benefits, but it also comes with more tax…
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101 Inspirational Quotes for Entrepreneurs from Business Owners
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Words of encouragement, especially when spoken by the most successful entrepreneurs, have tremendous power in putting our journey into perspective. They remind us that every successful entrepreneur faces obstacles, and their ability to overcome those obstacles is what makes them successful. Regardless of what inspires you to become an entrepreneur,…
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How to Pay for College on Your Own
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Families spent an average of $26,373 in the academic year 2020-2021 on tuition and college expenses. More than half of them used grants and scholarships, while 47% of them used student loans. Complete the FAFSA Form It all starts with submitting the Free Application for Federal Student Aid (FAFSA). Submitting…
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35% of adults in the United States blame Biden more than anyone else for rising inflation.
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The rising prices of almost everything have posed a challenge to the wallets and budgets of Americans for several months. While economists continue to debate the root causes of the recent inflation surge, more than a third of adults in the United States agree on who bears the most blame:…
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Rising Travel Costs in Spring Due to Inflation
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Whether you’re taking a spring break trip with friends or traveling with family, be prepared to pay more for everything from airfare and hotel bookings to car rentals. This is due to inflation reaching a record level of 8.5% – the highest rate in 40 years. Spring travel and entertainment…
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How to Create a Social Media Strategy for Business
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Every company that uses social media needs a social media plan. Without it, your company is wasting its time. Would you really hire someone to design and build a fantastic sign for your business and hang it anywhere random on the road? That is what you are doing when you…
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26 Sustainable Clothing Brands Making Clothes for Good (2023)
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The fashion industry has more than one dirty secret. According to a United Nations report, it takes 2000 gallons of water to produce one pair of jeans, and enormous amounts of textile waste accumulate in landfills at the rate of a garbage truck every second. Fast fashion – trendy clothing…
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30+ Influencer Marketing Statistics You Need to Know (2024)
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By Elise Dobson What is Influencer Marketing? Influencer marketing is a social media strategy where brands collaborate with individuals who have a significant and active presence on social media. This can include bloggers, celebrities, and everyone in between. Brands may offer products for free, pay for a sponsored endorsement, or…
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How much should you get paid?
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What motivates you at work? You might say “money.” Successive studies show that salary is one of the most significant factors affecting employee performance, as well as the impact of feeling that you are being paid fairly on your productivity, job satisfaction, and intention to stay in the job. Why…
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Why don’t the wealthy invest in index funds?
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Warren Buffett is considered one of the most famous investors in the world, and he frequently advocates for the benefits of investing in low-cost index funds. In fact, he advised his money manager to invest in index funds. “My advice to the manager couldn’t be simpler: put 10% of the…
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Can’t Pay the Rent? Here Are Places to Get Help
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Article Title: Can’t Pay Rent? Here’s Where to Get Help Introduction When the federal eviction moratorium ends, you can still get urgent rental assistance to cover rent and housing-related bills if you’re facing eviction. To help you find out where and how to apply for assistance, the Consumer Financial Protection…
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Return on Equity (ROE) and Income Statement Analysis
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Definition and Example of Return on Equity The Return on Equity (ROE) reveals the amount of profit generated by a company compared to the total shareholders’ equity on the balance sheet. In other words, Return on Equity represents the percentage of dollars that have been turned by investors into profits,…
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The Best 5 Biotech Exchange-Traded Funds of 2022
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Introduction Biotechnology is a field that studies the fundamental principles of life and living organisms, along with the technologies used to exploit life for everything from healthcare to manufacturing, and it is an industry experiencing tremendous growth. It’s easy to understand why. Biotechnology became critically important during the COVID-19 pandemic,…
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How to Find a Job After Running Your Own Business
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Transitioning to a Full-Time Job Are you looking to return to full-time work after running your own business? You’re in good company. According to the Small Business Administration, only about half of small businesses with employees survive for five years. Meanwhile, a recent study by the National Academy of Sciences…
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What is exempt income?
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Exempt income is money that you receive and do not have to pay income tax on. How does exempt income work? Your income is generally taxable unless there is a specific law that exempts it from tax, according to the Internal Revenue Service (IRS). You must include income and report…
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The Best Construction Jobs for Women
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When thinking about the construction field, you might imagine workers at a job site or skilled tradespeople putting the finishing touches on a new home. You are likely to picture men in these roles, not necessarily due to bias on your part. Only 11% of workers in the construction industry…
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Retirement Income Assurance Strategies: 7 Smart Ways
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The challenge may seem daunting at first, but you have several options to ensure retirement income. Some are more suited for long-term planning, while others can be last-minute moves before you stop working. Your best results may come from a combination of both. Purchasing an Immediate Annuity What’s the easiest…
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Why do bond prices fall when interest rates rise?
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Why do bond prices change when interest rates change? Bond prices typically decrease when interest rates rise. Conversely, bond prices increase after interest rates fall. This inverse relationship may seem a bit complex at first, but it is an important concept to understand for anyone considering investing in bonds. Unlike…
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If you haven’t paid your taxes for 2021, here are some steps you can take: 1. Gather Your Documents: Collect all relevant documents including your W-2s, 1099s, and any other income records for 2021. 2. File Your Tax Return: Even if you can’t pay, it’s important to file your tax return to avoid additional penalties for failure to file. You can file your return online or by mail. 3. Consider Payment Options: If you owe taxes and can’t pay the full amount, you have options: – Installment Agreement: You can apply for a payment plan with the IRS to pay your taxes over time. – Offer in Compromise: In certain circumstances, you might qualify to settle your tax debt for less than the full amount owed. 4. Check for Penalties and Interest: Be aware that failing to pay taxes can lead to penalties and interest. The IRS may charge a failure-to-pay penalty which can increase your total amount owed. 5. Consult with a Tax Professional: Consider speaking with a tax professional or accountant for advice tailored to your situation. 6. Stay Informed: Keep up with IRS communications. They may send you notices about your tax debt, and it’s important to respond promptly. Taking action as soon as possible can help minimize penalties and interest, and get you back on track.
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In this article, I will provide you with some guidelines on what to do if you have not filed your taxes for 2021. I will explain the steps you need to take and the potential costs involved. Getting Started on Rectifying the Matter If you have not filed your tax…
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Federal Tax on Goods and Services: Exemption and Price Schedule 2000-2022
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How Exemption Works The internal tax law allows for an exemption for the goods and services tax in the same way it allows for the gift tax and estate tax. All of these taxes share the same exemption: $11.7 million for 2021 and $12 million starting in 2022. Only the…