0
votes
1answer
26 views
Is there a difference between managerial accounting and financial accounting?
In many universities and school, there is both a Managerial Accounting and a Financial Accounting course. From what I can gather, Financial Accounting covers accounting from an perspective of an ...
-1
votes
0answers
42 views
Can 2 companies share ownership of one product and share profits? [closed]
We own a limited company in the UK and have been approached by another party with a product idea that we would develop for them. The suggestion is that we would share the profits in a 50/50 ratio. The ...
6
votes
1answer
77 views
How should I move out of my own house?
About a year ago, my mom and I purchased a house. It was something she really wanted and I was pretty much guilt tripped into moving in. After moving into the home and seeing our relationship go ...
1
vote
1answer
68 views
Does buying/selling a stock for a loss count as income?
In 2011 I accidentally bought $1000 worth of stock in a brokerage account and immediately sold it the same day for $985 (a $15 loss). The IRS is now claiming I owe $280 in taxes on $985 of income. Is ...
1
vote
3answers
41 views
Why does the principal/interest applied to my balance fluctuate in spite of making payments on-time?
In my first payment on 6/03/2011, the principal applied to my balance was $261.11 and the interest was $221.64. As I kept making the payment on-time, the principal applied to my balance kept ...
2
votes
1answer
37 views
Long term saving: Shares, Savings Account or Fund
I'm reasonably disciplined with regard to saving but am unsure as to how exactly I should go about it on a long term bases. Should I favour shares, funds or long term saving accounts? What are the ...
1
vote
2answers
23 views
Paying taxes on income earned in the US, but from a company based in Norway
I've recently begun work for a company based in Norway. Right now, I'm an "independent contractor" but in a few months I'll be made full time. I invoice them my hours on the 1st of each month, and I ...
4
votes
1answer
44 views
Can the IRS freeze a business Bank account?
My credit score is really bad, it used to be in the high 700s but is now about as bad as you can imagine. I owe a lot of debt including IRS, credit cards, banks, loans, etc.
I now need to start a ...
5
votes
1answer
42 views
Do I need to keep paper records for my business?
Do I need to keep paper records of invoices, receipts and anything else required for running a business?
Ideally I am hoping that scanned copies are sufficient when running a business.
2
votes
1answer
115 views
How to start a business when you owe the IRS and Everyone else?
My history:
In 2006 I was doing pretty well, my online ventures were doing around $30k profit a month however I am a programmer and did not run the business side of it well at all. (taxes, forming a ...
5
votes
3answers
52 views
Is there anything I can do to prepare myself for the tax consequences of selling investments to buy a house?
I have about $500k in Vanguard funds, in a regular (i.e. taxable, non-retirement) account. I've been building these positions over the past 12 years or so.
There's a chance that I'll want to buy an ...
1
vote
2answers
37 views
Which expenses eat up investments the most: sales charge (front / back-end load), foreign exchange spread, or expense ratio?
I am a bit confused as to which expenses eat up most of the investment.
Some brokers have low sales commission but the foreign exchange spread is high. Some have higher sales commission but lower ...
3
votes
2answers
52 views
How to account for Capital Gains (Losses) in double-entry accounting?
After taking an introductory financial accounting class, I decided to use GnuCash to keep track of my personal finances. I have 5 major accounts in my general ledger:
Equity
Currently only used to ...
6
votes
1answer
93 views
Why did one-year notes pay more than 10-year notes during the 1980's crisis?
Why did one-year notes pay more than 10-year notes during the 1980's crisis? During the early 1980's, one-year T notes paid more than the 10-year T note, which implies that nobody wanted to buy the ...
-4
votes
1answer
47 views
How does the market maker decide the final trading price of a stock? [closed]
I read that a market maker is a brokerage firm that sets bid and ask price. So on NYSE trading floor, I guess there are traders as representatives of each major brokerage firm. A trader from brokerage ...
0
votes
1answer
56 views
Does post-IPO stock investing inhibit GDP growth? [closed]
The money that a company raises during an IPO funding round goes directly to the company, and that money is used to fund the business, which definitely contributes to GDP growth. Following the IPO, ...
0
votes
1answer
47 views
How do I calculate two standard deviations away from the stock price?
How would I figure out how many basis points "two standard deviations" is based on the current spot price?
For example, the S&P 500 is trading at about $1671.20. What is two standard deviations ...
3
votes
1answer
41 views
Is there a non-US app (Chrome/iPhone/Cloud) where one can set financial goals and keep track of progress?
I'm looking for an applications where I can set individual financial goals such as a house, a car, vacations, etc, set how much money I need for said goal, and log progress towards it. Ideally this ...
1
vote
1answer
37 views
What do I need to know before opening a line of credit?
I'm considering opening a line of credit. The main purpose of this LOC would be to cover myself if I overdraw my checking account (I do this occasionally, and pay pretty steep fees every time). With a ...
0
votes
1answer
36 views
Why are fund managers' average/minimum purchase price from form 13F the same?
Using the fund managers 13F form filings you can calculate the average, minimum, and number of shares of a stock they listed for each quarter.
Looking at the data to see who buy/add/reduce/sold out ...
1
vote
1answer
29 views
Economics: negative consumer sentiment following failure to upsell
I was recently at a bricks-and-mortar shop selling some equipment.
I knew exactly what need I had and had a mental picture of the product I expected to purchase.
The store offered two different ...
1
vote
1answer
50 views
Where to find ideas for non-traditional investments for under $100K (USD)? [closed]
Where to find ideas for non-traditional investments for under $100K (USD)?
In the US, I am looking to go into rental property or looking for other options. Where can I find these other options.
3
votes
2answers
60 views
Benjamin Graham: Minimum Size of the company
In the book "Intelligent Investor", Graham recommends a minimum annual sales figure of 100 Million $ as one of the criteria.
How do we adjust this figure for Inflation and a country other than the ...
3
votes
2answers
42 views
How should I specify income that was saved abroad on my children's FAFSA?
I lived and worked in London (even though I'm an American) for the last 5 years, and now I'll be heading back to the states.
My children are about to start college and I have money saved in an ...
4
votes
2answers
61 views
For which alterations on a personal check in the US does one need to initial?
For which alterations on a personal check in the US does one need to initial?
Crossing out one's old address on a personal check is possible. Crossing out an outdated address is not necessary in the ...
1
vote
1answer
27 views
How can one fill in the cent portion of the numeric amount on a personal check in the US?
On personal checks in the US, one fills in the numeric version of the dollar amount towards the left of the respective rectangular field.
Say the check is for $36.25. I have seen different ways of ...
7
votes
1answer
98 views
Which colors can one use to fill out a check in the US?
With which colors can one fill out and sign and personal check in the US?
Black is of course okay; I have heard that blue is also allowed. An ideal answer will give references.
Is there anything ...
3
votes
1answer
27 views
U.S. Bonds Taxed Interest and Current Value
Series EE Bond just matured and I cashed it in.
The current value that I received in cash was only a little more than the original face value.
However, the interest I am paying taxes on is half the ...
1
vote
2answers
27 views
Tax withholding on ESPP discount
I recently enrolled in my company's employee stock purchase plan (ESPP) with the maximum-allowed 10% of my salary. I get the stock at a 15% discount relative to the purchase date (no look-back ...
2
votes
3answers
77 views
betterment vs vanguard life strategy vs vanguard target retirement
I'm a 20 something grad student and would like to open a hands off retirement account with beta exposure to the market and would make monthly contributions. I'm fairly illiterate wen it comes to ...
7
votes
1answer
73 views
How to fill the IRS Offer In Compromise with an underwater asset?
I owe about $6k in back taxes, and simply don't have the money--it's hard for me to find even minimum wage jobs in the current economy, and I am burdened with consumer debt. After speaking with the ...
3
votes
2answers
63 views
Will I have to pay taxes in India when I transfer money from a US bank to an Indian savings account?
I am currently in US, and would like to transfer some amount from my US Bank account to a savings account based in India on a monthly basis through a third party like Xoom or Transfast.
If I'm going ...
0
votes
0answers
27 views
How do I set up a budget in Quickbooks 2010?
I am treasurer for our school's PTO, and I use QuickBooks Premier Nonprofit Edition 2010.
I am trying to track budgets of two different types, and I can't figure out how to do it properly in ...
0
votes
0answers
56 views
Best way to keep smartphone contract in the US while mostly away from country
I have a smartphone contract (T-Mobile) in the US and I'll start living in another country (Japan), while I plan to come back for every few months and stay for awhile. Let's say I'll stay in the US ...
0
votes
1answer
34 views
Low cost real estate appraisal options
So I am buying a rental property as an investment and expect to do the purchase as a cash deal. So technically there is no lender to force me to get an appraisal on the property.
Of course, I still ...
1
vote
1answer
95 views
Can I form a company to rent a car or apartment to my wife's employer for her to use?
My wife's job places her on long-term contracts (> 6 months) in different parts of the US. The employer currently pays for a permanent car through a popular car rental agency and a permanent room ...
2
votes
1answer
64 views
When a merchant accepts bank wire transfers, how does the merchant know who has wired him the money?
When a merchant accepts bank wire transfers, how does the merchant know which customer wired him the money and how much money the customer paid?
For example, when I'm funding payza.com, entropay.com ...
4
votes
2answers
75 views
What happens to your investment if the broker (which acts as a custodian) goes bankrupt?
For instance, you purchased ETFs using a broker that also acts as a custodian, what will happen to your investment in case the broker / custodian goes bankrupt? Will you lose all your investments?
...
7
votes
2answers
107 views
How can I replicate Vanguard's Total Stock Market Index using their S&P 500 and extended stock market funds?
I want to approximate the total United States stock market with part of my 401(k). I have access to two low-cost index mutual funds: VIIIX, which tracks the S&P 500 (large cap), and VIEIX, which ...
2
votes
1answer
37 views
How to pay comingled personal and business credit card charges for small corporation
If I used my personal credit card for a business expense, may I pay that portion of the credit card bill with a business account check?
6
votes
2answers
108 views
Value of Pension in regards to salary negotiations
I've been advised from careers.stackexchange to post this question here as it's more financial than career advice.
I've received a job offer from a company and I'm looking to make a strong ...
3
votes
1answer
59 views
Selling stocks - capital gains
Say I have 500 shares in company XYZ. 250 were purchased on 5/1/2012 and 250 were purchased on 9/1/2012. Is it possible to sell only the stocks that were held for 1 year (5/1/2012)? Avoiding the ...
4
votes
3answers
1k views
Can I receive “gifts” from my friend (who happens to be my employer)?
Take for example, I'm an employee and my employer is my good friend.
We are both US persons living in the US, and I'm working for my friend for a monthly wage of $5 USD which is subject to income ...
-3
votes
0answers
40 views
After an IPO, does the increase in stock price provide more money to the company? [duplicate]
Companies go public so they can raise money by a funding round. My understanding is that the IPO is for this reason. They offer a certain amount of shares and raise X amount of capital, and the share ...
0
votes
2answers
156 views
Where does the stock go in a collapse?
During the crash at the end of 2008, pretty much everyone was selling their stock and the market tumbled approximately 50%. Who purchased the stock? Was it market makers or other people? I understand ...
0
votes
1answer
22 views
Conflicting information about late recharacterizing of excess contributions
Say someone contributed more than they were allowed to for a Roth IRA in Year 1 (therefore, there was an excess contribution). Can they still re-characterize that contribution to a Traditional IRA ...
2
votes
1answer
64 views
What does it mean when a business reports its costs on a “fully loaded basis”?
What does it mean to ask a private business to report their costs "on a fully loaded basis"?
And then to ask them to "please indicate the fully loaded basis for which the costs are reported"?
-3
votes
0answers
29 views
non-tax-resident of Canada pay taxes for investment account earnings? [duplicate]
I am a Canadian citizen working overseas permanently with no ties to Canada (no family, no house, no jobs, no licenses). This makes me a non-tax-resident (meaning I report the taxes to my current ...
0
votes
1answer
21 views
Money Flow index (MFI) and deciding when money flow is positive or negative?
I was recently looking at the calculation for MFI - the money flow index.
The calculation is as follows (From Stockcharts):
* 1. Typical Price = (High + Low + Close)/3
* 2. Raw Money Flow = ...
4
votes
1answer
52 views
Non-tax-resident of Canada needs to pay taxes for investment account earnings?
if a person were to be a non-resident of Canada without jobs, a spouse, kids, asset (houses, cars etc.) in Canada, then that person would not be obliged to file a tax report. However, if that person ...
