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2
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0answers
82 views

Does being on the board of a bankruptcy-declaring company affect my credit rating?

If I am on the managing board of a company which declares bankruptcy, will it affect my personal credit rating? I am particularly interested in Western Australia.
0
votes
1answer
35 views

FATCA compliance for small Foreign Company. What do I need to do?

Regarding, FATCA compliance for a new small business in Japan owned by a US citizen, I read parts of the related IRS website but still have basic questions. ...
0
votes
1answer
33 views

are my calculations for PV, NPV, and rate of return right?

Note: This is not a homework. I teach myself some financial principles and I made up this example to find out if I understood these principles. This example is a just a normal example nothing is real. ...
4
votes
4answers
404 views

Can you live through a corporation, i.e. conduct personal affairs through a business?

I was curious if it were legal (USA) and possible to live "inside" of a corporation. As in I would purchase a house/car/etc through a corporate entity (I realize I'd likely pay more, but bear with me) ...
0
votes
1answer
81 views

Where Can The Fully Diluted Outstanding Shares Of A Company Be Found?

This is a quick question. Wikipedia mentions the distinction between basic shares outstanding and "fully diluted shares outstanding". Does anyone know where I can find the count for fully diluted ...
3
votes
1answer
204 views

US dividends double taxation for foreigners (UK)

I have read that the US government exercises a 15% (or even 30%, where the foreign country is not in the double-taxation treaty with the US) withholding tax on US dividends, if the shareholder is ...
1
vote
3answers
126 views

How Should I Start my Finance Life and Invest?

I am currently new to finance, I understand the basics and I'm totally confused about lots of financial issues. I'm mostly interested in building corporations which means investments.However, I am not ...
2
votes
1answer
29 views

Reporting of amortization expenses to FTB California

I have registered a corporation in Californa. So far, there have only been start up costs and no income. I have lodged a Form 1120 with IRS and amortized the expenses over 60 months. Do I report the ...
2
votes
1answer
53 views

UK Ltd taxation on stocks/bonds income and real estate rent income

If I got it, the main tax an UK Ltd has to pay is the corporate tax, which is about 20% of the total income of the company. This income include income derived from bonds, stocks, mutual funds ...
4
votes
2answers
2k views

Why do banks require small businesses to open a business bank account instead of a cheaper personal one?

I understand the need to separate personal finances and the business finances, be it sole-proprietorship or incorporation. I also understand that in the former it's optional, but in the latter it is ...
3
votes
3answers
195 views

What is the valuation of a company based on?

What does the valuation of a company mean, exactly? What is it based on and how is its "correct" value calculated? For example, a valuation of $1 million for a company that has had $50k in profits ...
1
vote
1answer
54 views

How should a US resident who is a joint owner of a Canadian corporation file taxes?

I am a Canadian citizen living in the US. I am a joint owner (50%) of a Canadian federal corporation that I started when I lived in Canada. The company is online, and receives income from people all ...
5
votes
1answer
71 views

The board of directors in companies

I understand how a board of directors works. I have few questions about it, they're elected by the investors, but do they belong to certain agencies or do they work for the government or do they work ...
1
vote
2answers
59 views

US based small business consulting in the Philippines tax help

I am a consultant working under my own S corporation based in the united states. For my situation, I will be undertaking work in the Philippines to consult a client. This client who is based in the ...
2
votes
2answers
342 views

H&R Block says form 1120 not finalized? IRS won't take it yet?

So basically I'm a new business. I bought H&R Block's Premium tax software to file my return. I fill out the form, and at the very end I get an error message saying "This product is not yet ...
4
votes
2answers
341 views

Can I invest C-corp or S-corp profits by purchasing stock, bonds or property to reduce tax liability?

If I own a C-corp or an S-corp in the US ( say for example Delaware ), and I take profits from revenue after expenses for the corporation and purchase stock in the US stock markets, bonds or other ...
3
votes
1answer
56 views

Late payment of corporation tax UK

I am hoping to hear from anyone who has experience being a single person Ltd company in the UK who has ever paid their corporation tax late by prior arrangement with HMRC i.e. letting them know I may ...
0
votes
1answer
105 views

Why does paying out all corporate income as salary reduces the risk of being labeled a personal service business?

This blog article on PSB outlines the rules clearly. But in one of the comments it says: However, if you are paying mostly salary to yourself, your risk is minimal even if assessed What is the ...
2
votes
1answer
237 views

Should the cost of using public transit get deducted from my personal income or my corporations' income?

As a full time employee, certain costs are deductible from personal income. (e.g cost of public transit pass.) When the full time employee becomes an independent contractor, do these expenses ...
-2
votes
1answer
139 views

What corporation tax am I required to pay as an independent contractor?

Refer to this link at Canada Revenue Agency. I am unsure that for an Ontario resident who opens up a corporation, what corporation tax would I pay? Let's say I charge 60$/hr + 13% HST to my client. ...
0
votes
1answer
257 views

Can my own corporation deduct my expenses even if I am a full time employee?

Say I decide to become a software developer contractor and open a corporation. So, I am allowed to write certain things off as corporation expenses (e.g restaurant bills, gasoline bills, etc.) Then, ...
5
votes
2answers
161 views

Shelter personal corporation dividends in a TFSA?

As I understand it, it is possible for people who own their own corporation/small business to pay themselves through dividends. Since they own 100% share in the business they receive 100% dividends. ...
2
votes
1answer
100 views

Insider trading of a linked security like an ETF your company has a heavy weighting in

Let's say you work for Apple, Inc as a middle class employee. This is a large publicly traded company. By the very nature of your employment there will be limited times that one can make purchases and ...
3
votes
2answers
173 views

How to evaluate different account (RRSP, TFSA, …) and investment types (equities, bonds, cash) combinations

If I make $1 tomorrow, I can put that $1 in several accounts: Personal non-registered account Personal RRSP account Personal TFSA account Pay down mortgage Leave in corporation and take out later ...
4
votes
1answer
2k views

How to pay myself as a single person corporation in Ontario? Should I get an accountant?

I'm an IT contractor and required in some of my contracts to have a corporation. I created my corporation, opened a corporate account and have been collecting income for about 6 months now... ... I ...
2
votes
1answer
300 views

Filing federal taxes for C-corp with no income

I started a startup in November, established as a C corporation. We made a single payment to a lawyer to have him file the papers and write the bylaws (payment was from my personal account). We didn't ...
4
votes
1answer
490 views

What forces cause a company to write down goodwill?

Consider TimeWarner: In 2002, $128Billion of its $209Billion in assets was Goodwill. What forced them to write down this goodwill to $37billion a few years later?
5
votes
2answers
188 views

Is this formula accurate for weighing the difference between an S-Corp and LLC?

I have been doing much research before deciding on a S-Corp or LLC for an online start-up (2 people, software as a service). I've read lots of explanations of the two and their differences and I've ...
5
votes
1answer
139 views

Is building a corporation a good option?

In Robert Kiyosaki's "Rich Dad, Poor Dad" he talks about building a corporation and doing transaction through it instead of doing them yourself, directly. There seems to be a lot of advantages in ...
1
vote
2answers
2k views

Where can I find historical rates for corporate bonds?

Are there databases that track corporate bond interest rates and rates of return? How do I get access to them?
3
votes
2answers
187 views

Better ways to invest money held by my small, privately-held Canadian corporation?

I own a small, privately-held corporation and am looking for ways to invest my corporation's money more effectively. The problem is the government taxes passive investment income inside a corporation ...
1
vote
2answers
121 views

Is an offshore investment corporation a better tax deferral arrangement than a 401k?

I would like to consider the tax deferral provisions afforded to US Citizens. If my corporation formed in a jurisdiction outside of the United States and held US Treasury Bonds (for example) gaining ...
9
votes
3answers
2k views

How much power does a CEO have over a public company?

I want to invest in a public company and I want to know: Exactly how much power does the CEO has over what the public company does? Can a CEO control a public company even though he doesn't own a ...
3
votes
2answers
141 views

How exactly could we rank or value how “rich” a company brand is?

I've just read http://www.bloomberg.com/news/2011-05-09/apple-brand-value-at-153-billion-overtakes-google-for-top-spot.html and it says Apple's brand value is $153.3 billion and Google's is $111.5 ...
2
votes
2answers
114 views

Are there any issues with registering an LLC in a foreign state?

This topic has probably been beaten to death, but just want to double check with you guys. I'm currently in NYC, although I do not plan on living here (my parents are here tho). I have a web ...
3
votes
2answers
2k views

In Canada, can a limited corporation be used as an income tax shelter?

I've heard this old chestnut from various people over the years but have never been able to find any solid information on the process and thus, never put it to the test. The claim is that if you plan ...