WBT - WORD OF BUSINESS AND TAXES

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Be Adaptable

When you are starting a business there will be high and lows, issues that pop up, or crises that attack when you don't expect it. You have to be …

Supreme Court Rules on Internet Sales and Use Tax

The Supreme Court rules that states can collect sales and use tax on items sold in their state. This will raise the cost of items on the internet and …

Selling

2 Reasons Why Asking About Salary in the First Interview is a Big Mistake

The job seeker shouldn't be the one to bring up salary and benefits first. Here's why...<p>On Youtube, we recently shared several examples of things job seekers do in interviews that make them look desperate. I was surprised at the number of viewers who were bothered by the suggestion to never bring …

Employment

New 1040 tax form will be the size of a postcard

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that new tax forms, designed to make the filing process clearer and simpler for Americans, will be released next week.<p>“Next week we will be unveiling the new 1040 and it will be a postcard as we promised,” he said during a press conference …

Rand Paul

Work Remotely? This Little-Known Tax Provision Could Save You Thousands

The IRS will give you up to $16,000 to explore the world. Here's how.<p>In the digital age, it is no longer unique to work remotely. Many jobs can be done from home with little more than a computer, a VPN, and a stable internet connection. This can be an excellent option for both employers who can …

Retirement

Starting A Business - Licenses and Keeping In Compliance

Depending on what type of business and profession you are going into, you will need licenses and permits to operate under. And then you need to stay …

Small Business

When planning retirement, can I contribute to both a Roth IRA and a 401(k)? Ask a Fool

The short answer is yes, but if you make too much money, the process could be more complicated.<p>Question: I have a 401(k) plan at work. Am I still able to contribute to a Roth IRA?<p><i>Answer:</i> Roth eligibility has nothing to do with whether you have access to an employer's retirement plan or not. This …

Retirement

Germany's largest automakers back abolition of EU-U.S. car import tariffs

The U.S. ambassador to Germany returns to Washington today with a tariff peace offering.<p>Richard Grenell will present a proposal from Germany's leading automakers, calling for doing away with all import tariffs for cars between the European Union and the U.S.<p>That would mean scrapping the EU's 10% …

Automotive Industry

IRS Announces Interest Rates For Late Payments And Tax Refunds

Interest rates are staying put – at least when it comes to the Internal Revenue Service (IRS). The IRS has announced in Revenue Ruling 2018-18 that interest rates will remain the same for the third calendar quarter (beginning July 1, 2018) as they did for the last quarter.<p>The rates for the third …

Personal Finance

When planning retirement, can I contribute to both a Roth IRA and a 401(k)? Ask a Fool

<i>Answer:</i> Roth eligibility has nothing to do with whether you have access to an employer's retirement plan or not. This only matters if you want to use a traditional IRA.<p>In order to contribute to a Roth IRA, your income must be under a certain threshold. If you are married and file a joint tax …

Retirement

Getting Married? What You Need to Know About Your Student Debt

Talking about your student loans isn’t likely to be top of mind if you’re planning a wedding. But if you or your spouse-to-be have college debt, it’s …

Personal Finance

Claim home loan interest for tax deduction from rental income

The principal home loan repaid by you will qualify deduction from your taxable income under Section 80C. Photo: iStockphoto<p><b>I am a salaried individual</b> …

Personal Finance

The 15 Worst States for Property Taxes in 2018

Property taxes are something like a hidden fee on homeownership. You don’t always see them, but they’re there, quietly accumulating in the background …

Real Estate

Political Tuesday - Democrats Don't Want To Fix Immigration

Democrats don't want to fix the immigration problems of our nation, instead they use it as a political agenda to gain power. They do nothing to fix a …

Immigration

Document Your Independent Contractor Relationships

If you own a business and contract with independent contractors you need to do a better job of documenting your business relationship. Please listen …

Relationships

Church Sunday, Choose To Be Happy

No matter what stage in life you are at, choose to be happy. Happiness has nothing to do with your circumstances. Just be happy, it is your choice.

Happiness

Cristiano Ronaldo Accepting Jail Term And Hefty Fine In Tax Case

The soccer star was accused of tax evasion.<p>Cristiano Ronaldo has reportedly agreed to settle his tax fraud case by accepting a jail term and millions …

Soccer

After This Entrepreneur Stood Up to Her Board, Her Sales Quadrupled and the Business Exploded

'The ones who don't quit are the ones who ultimately survive and lead their businesses,' says Samasource founder Leila Janah.<p>8 min read<p><i>In this series,</i> <i>Open Every Door</i><i>, Entrepreneur staff writer Nina Zipkin shares her conversations with leaders about understanding what you have to offer, navigating</i> …

Entrepreneurship

Multi Level Marketing vs. Pyramid Schemes

Understand the following difinition, "MLM companies prioritize selling products and services over recruiting new distributors. Pyramid schemes, …

Multi-Level Marketing

Most Americans don't know how much money they will need for retirement

How big a nest egg you'll want depends on calculations that are unique to you -- but the need to do that math is fairly universal.<p>Imagine saving to buy a new car without having any knowledge as to what the vehicle you want costs. Maybe you'd set aside $5,000 and head to the dealership, only to …

Retirement

This Is the Clearest Sign Yet That the Trump Tax Cuts Are Having an Impact

Trump said that "H&R Block probably won't be too happy" with his tax cuts. He was right.<p>The full effect of President Trump’s tax reforms, which …

H&R Block

This Simple Move Can Give You $1 Million More for Retirement

Especially if you start early in your career, small boosts can have a big impact.<p>Saving money for retirement can feel overwhelming — it’s such a big …

Retirement

This is the Secret Trick Carmakers Allegedly Use to Get You To Pay More (It's Really Quite Clever)

Did you ever suspect?<p><i>Absurdly Driven</i> <i>looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek.</i><p>How often do you look at your car repair bill and understand all the costs?<p>How often do you look at all the numbers and marvel at just how expensive a new radiator might be?<p>At …

Automotive Industry

Starting A Business - MLM's, Franchises, Buying a Business

A lot of you are wanting to start your own business, some will get tempted to join a Multi Level Marketing organization. Stay away from them. You …

Multi-Level Marketing

Owning A Business and Understanding Your Financial Statements

I was recently at a business gathering and listened to small business owners. Their main comment was that they only follow what is in the bank, not …

Small Business

A Hate Filled Agenda Is Worthless - Block Hate

Every single day, 24 hours a day and 7 days a week we are bombarded with hate. Hate for Trump, for Americans, and it goes on and on. We have got to …

Common Sense

Michael Lodge

Starting A Business, Know Your Start-up Costs

When you are starting a new business you need to know what your start-up costs are going to be. If you need help send me an email at: …

Startups

The Proven Mental Checklist to Handle Losing the Only Thing that Matters to You

Most entrepreneurs spend all their time and energy focused on being a success. Here's how to prepare for the day after you exit.<p>What does it mean to lose everything you've worked for? What does the day after look like?<p>For many entrepreneurs, there is no day-after mentality. They don't allow …

Entrepreneurship