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Deduct your tax-free allowance from your total taxable gains. Add this amount to your taxable income. If this amount is…ContinueLong term capital gain tax allowance

Why are assets and expenses increase with a debit? Since revenues cause owner’s equity to increase, the revenue accounts will…ContinueWhy do debits/credits increase/decrease assets/revenues/expenses?

The self-employment tax rate is 15.3%. The rate consists of two parts: 12.4% for social security (old-age, survivors, and disability…ContinueWhat will my taxes be as self employed?

What happens when you marry an Indian citizen? “The foreign national does not become an Indian citizen on marriage with…ContinueTax situation of Indian lady becoming foreigner after marriage

Can Gift Vouchers be refunded? Generally speaking, gift cards are considered non-refundable. When you purchase a card, you use it…ContinueHMV gift vouchers bought on a credit card. Can I claim them back from my cc company?

A multi-currency bank account is a type of bank account which allows you to receive, pay, and hold multiple currencies.…ContinueHow do multi-currency bank accounts work? What is the advantage?

Why is selling shares better than borrowing? Selling stock gives you the advantage of not owing any money to investors,…ContinueWhy a company would prefer selling shares rather than borrowing money?

The e-mail and company is legitimate, but they don’t want to proceed the deposit without the card scans as it…ContinueIt is legal if company asks for scans of my Credit Card?

How do you record mortgage payments in journal entries? To add a mortgage: Add an expense account called Mortgage Expense…ContinueDouble-entry accounting: how to keep track of mortgage installments as expenses?

Does out-of-pocket reset every year? After you pay for enough medical expenses on your own and meet the maximum out-of-pocket…ContinueCalendar year changes and Out-of-Pocket reset

Cash & ATMs ATMs are the best way to access money abroad and are increasingly available. Your bank or credit…ContinueWithdrawing money abroad

It is widely agreed that excessive short sale activity can cause sudden price declines, which can undermine investor confidence, depress…ContinueDoes short-selling hurt companies’ stock price in the long-term?

How do you convert large amounts of currency? Quick Summary. You can use a bank or currency broker to exchange…ContinueHow to change a large quantity of U.S. dollars into Euros?

Where should I put my money if the market crashes? If you are a short-term investor, bank CDs and Treasury…ContinueWhen the market crashes, should I sell bonds and buy equities for the inevitable recovery?

There is no federal inheritance tax—that is, a tax on the sum of assets an individual receives from a deceased…ContinueHow is an inheritance taxed in the United States?

Is out of state income taxable in California? California can tax you on all of your California-source income even if…ContinueDoes California tax personal K-1 income from an out-of-state partnership?

Store Cards Work Like a Credit Card, With One Exception As you pay down your balance, your available credit increases…ContinueStore Credit Card VS Cash-back Credit Card

Eligible Purchase means a purchase made using an Eligible Card submitted by a merchant or otherwise recognized by our systems…ContinueWhat is meant by an eligible purchase on a cash back card

Is H1B nonresident alien for tax purposes? H1-B aliens who claim treatment as residents of another country under the “tie-breaker…ContinueNon Resident alien income tax, moved from F1 to H1B on October 1st

How do I change my GST basis in IRD? If you file your GST returns in myIR, fill in the…ContinueHow do I switch from payment to invoice basis?