Business
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Budgeting
Jobs Are Going Remote, and It’s Great News for Everyone
Some states are offering big bucks to remote workers willing to make the move.
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Budgeting
Offline Businesses With Low Startup Costs
Digitalization paved the way for entrepreneurs to launch online businesses with low startup costs. Moreover, many people that have little-to-no capital are participating in this transformation. Remote work, though, isn’t for everyone. Plenty of entrepreneurs still prefer to do it the old fashioned way, but there is one obstacle in the way: Money. Opening a physical brick-and-mortar business requires a…
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Insurance
Why Your Business Needs Cyber Insurance
Firms and entities of all sizes appreciate the role of a general liability business insurance policy. For a small monthly premium, entrepreneurs can get hundreds of thousands, if not millions, in coverage. In turn, this protection takes care of different types of problems, including workers’ injuries, lawsuits from customers, and more. However, even though businesses heavily rely on technology, not…
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Loans
A Business Loan vs. Grant: Which One?
When looking for solutions, every business owner and entrepreneur knows that there is no one-size-fits-all approach. Each entity is unique, and their approach depends on their industry, size, business model, location, and structure. However, every company needs capital and funding in order to grow. Some firms are able to qualify for a private or federal small business grant. Others, meanwhile,…
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Budgeting
Trade and Your Wallet
During the last few years, international trade took center stage. Today, it is even more important to analysts, media pundits, investors, and other economic players. Above all else, issues related to the China tariffs list, the potential USMCA trade agreement, and Brexit have a direct impact on household budgets. To clarify, volatile trade relations translate to unstable food, energy, and…
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Budgeting
The 2020 Inflation Adjustment and Your Health Premiums
Starting next year, inflation will impact the average monthly health insurance cost and the Medicare premiums 2020 rates. More specifically, even if your income doesn’t change, inflation might diminish your taxable earnings. In turn, you may qualify for lower premiums and tax savings. Having said that, higher health insurance options are also on the table. If your income increases, so…
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Budgeting
The Hidden Burden of Sales Taxes
Imagine that you’re in line at the grocery store. As the cashier rings up the other customers’ items, their total payment and sales taxes show up on the register. Meanwhile, when it is your turn, the checkout employee deducts your taxes or refunds you the amount in cash. If you happen to live in one of the states with no…
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Budgeting
Efficient Tax Planning: How and When You Should Do It
Two years ago, the Republican-controlled United States Congress passed the Tax Cuts and Jobs Act. The law, which President Donald Trump signed into effect, made filing taxes easier and simpler. Even more so when we consider the already existing online tax-preparation software, alongside some handy IRS customer service features. The picture, however, isn’t as rosy as it looks. In 2019,…
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Budgeting
Good or Bad Idea: Living in States With No Income Tax?
In 2018, more Americans moved to Oregon and Idaho than any other state (except for Vermont). Meanwhile, the State of Washington ranked sixth nationwide in terms of incoming domestic migrants. Perhaps most noteworthy is that Washington is amongst the states with no income tax, but Idaho and Oregon aren’t. Why, then, did more people move to the latter two than…
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Loans
Why You Should Take Out a Business Loan
You’ve finally tackled all of those startup obstacles and are running your own business. Your dream has become a reality, and you’ve become your own boss. You’ve sorted all of the logistics of a new company and are now looking to expand in areas like staffing, equipment, and location. This is when you might consider taking out a business loan.…
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