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2
votes
1answer
13 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 ...
-1
votes
2answers
49 views

What are the variable costs for an information company?

For a company like GoodGuide, who make their money not by selling a hard product (with investment costs etc) but by selling product placement and business intelligence, what are their variable costs? ...
3
votes
1answer
103 views

What is fuel surcharge in India?

In Bangalore (INDIA), when you purchase fuel with cash, you never have to pay for a 'fuel surcharge'. When you pay for it using your credit or debit card, a fuel surcharge is added on later? What and ...
7
votes
2answers
659 views

Should I remodel or buy a bigger house?

My husband and I have two children under 2 years old and have outgrown our current 1400 square foot home. My husband and I both work from home, and we have a day nanny who comes and helps with the ...
2
votes
2answers
97 views

San Francisco vs Madison

I am currently getting a 102K salary in Madison and have an offer for 125K from SFO. Should I accept this offer from a monetary perspective or not? I will like to maintain the same life style that I ...
3
votes
1answer
598 views

When claiming a moving expenses tax deduction in Canada, does order of events matter?

I know I can claim moving expenses if I move because of a new job. But does the sequence of events matter? While I'm doing interviews, I'd like to sell my house and buy my new house in the new city. ...
1
vote
3answers
100 views

Saving money on the electric bill: What are some worthwhile ways to reduce consumption & costs?

What are some worthwhile ways to reduce household electrical power consumption & costs? Here are some of the actions I've taken so far: AC - turned thermostat to uncomfortable level Electric ...
1
vote
3answers
165 views

How to find cheaper alternatives to a traditional home telephone line?

I cancelled my home phone line last year after many years with POTS (Plain-Old-Telephone-Service), and I replaced my home phone with a VoIP service provider which provides a variety of services ...
3
votes
1answer
119 views

What percentage of my income/assets should I commit to vehicles?

The past few years have been rough financially (housing crisis and collapse in real estate prices). As a result I have been educating myself about personal finance (credit, debt, budgets, etc). I ...
8
votes
3answers
2k views

Should I deduct or capitalize the cost to replace a water heater in my rental property? (details Below)

Recently had a water heater die in my rental property and it had to be replaced with a new one. Here are the specifics: Old water heater that was in the unit when I bought it. The property was ...
6
votes
5answers
3k views

What percentage of my income should go towards expenses?

Graduated in May from school. Student loans are coming due here in January. Bought a new car recently. The added monthly expenses have me concerned that I am budgeting my money correctly. I currently ...
2
votes
1answer
54 views

In what category would I put a loan I took to pay an expense

If I have to pay my phone contract which is 1000 and I took a loan of 2000 with interest of 300 to pay that phone contract, in what category would you put the loan - an expense, an income or both ? ...
-3
votes
2answers
178 views

Does it make sense to incur a business expense just because it can be deducted?

I am trying to prove to myself that incurring expenses just for the purpose of writing them off never saves money. It is always better to not incur the expense at all if you can avoid it. This is my ...
0
votes
1answer
220 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, ...
3
votes
2answers
132 views

Should withheld income tax be included as income?

Situation: Company C buys a flight ticket for employee E, for him to relocate. Ticket costs $X, so C increases the income of E by $X, and reports it as income on Form W2 form, Box 1 (Wages). C also ...
0
votes
1answer
600 views

Processing PayPal transactions Via GNUCash

I am taking the time to set myself up to record finances in GNUCash, and I have slowly been refining my recording processes. I am curently twiddling my thumbs about how to treat "Middleman" ...
2
votes
2answers
73 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 ...
2
votes
2answers
527 views

Can the interest on a cash out refinance for a rental property be claimed as an expense?

I currently have my home all paid off. I am thinking about purchasing another property as my primary home, and renting out my paid off current home. My question is should I: Get a regular loan for ...
3
votes
1answer
342 views

Do transaction fees for investing in funds offset the benefit of a low expense ratio?

When looking for low expense-ratio funds (specifically Target Date funds), they all seem to be one of two options: No transaction fees and high expense ratio (Example: AREVX $0 transaction, %.98 ...
1
vote
2answers
91 views

If you work from abroad for a week, does that count as a business expense?

I'll be working from abroad (I'm in the US and going to the UK) for about a week. I'll be spending my days 8+ hours working, and spending the nights out. Can I deduct the plane ticket for this trip ...
4
votes
1answer
93 views

Two Different Websites List Different Expense Ratios - Which One Can I Trust?

I'm trying to find VXF's expense ratio. Finance.yahoo.com says that it is .10%. Seeking Alpha says that it is .16%. (and I suppose that I should consider that a tracking error of .11% further ...
1
vote
3answers
557 views

How to budget or gain control of daily spending if suffering from OCD (Obsessive-Compulsive Disorder)?

I want to get better at saving money as I am a spendthrift. I am not always able to control myself since I suffer from Obsessive Compulsive Disorder (OCD). I am not able to spend money wisely since ...
1
vote
1answer
84 views

1099 for settlement what about lawyer fees?

I am getting a settlement from a business over a suit but most of the settlement will go to the attorney to cover their fees incurred on contingency. If the 1099 reports the full settlement, will I ...
0
votes
2answers
249 views

Expensive agenda book/organizer. Office expense or fixed asset?

I am unsure how to book an agenda book/organizer that was purchased for our business. Normally I book office/organizational expenses (notebooks, printer ink, etc.) as "Office Expenses" but the cost ...
6
votes
1answer
381 views

What is considered a business expense on a business trip?

Scenario: I own my own business (LLC). There is a business-related conference that I wish to attend that requires travel. I assume airfare, cabs, hotel and conference tickets are all obvious ...
2
votes
1answer
2k views

How to record expense sheet as journal entries in Quickbooks Online?

Let's say I own a business and I make 3 business-related purchases on my personal credit card in August. Given the following example expense report: 08/01/2011 - $20 - Web Hosting 08/05/2011 - $130 ...
3
votes
2answers
129 views

Run for the Gold!! Which one though?

There are many gold based ETFs, let's take GLD and IAN for this example. GLD trades approximately at $160 IAN approximately at $16 If you compare the performances of the two in the past weeks, ...
3
votes
2answers
649 views

How to transfer personal auto lease to business auto lease?

What is involved in transferring a personal auto lease to a business auto lease? We have a car for our business that was leased prior to establishing our LLC, therefore it is under our names, ...
10
votes
5answers
2k views

How to determine how much to charge your business for rent (in your house)?

I started a business this year and have a dedicated room in my home for this business. How do I determine the rate at which I will charge the business rent for the space?
2
votes
1answer
198 views

How to properly use a personal income/expense sheet for budgeting (or more)?

I am just beginning to set up a personal income/expense sheet on a daily basis. After a month, I have a bunch of raw data in it. Due to lack of experience, I am not sure how to use this record. Do ...
1
vote
1answer
319 views

How to represent “out of pocket” purchases in general ledger journal entry?

If you use personal money to pay for expenses (advertising, equipmemt), how do you represent this in a journal entry? Normally, if the money was coming from the business, you would just decrease the ...
2
votes
1answer
64 views

What is expense growth in this diagram?

Taken from Standard Chartered's 2010 full year web print final My questions are: 1) What are the 'C's referring to? Eg. c.400 c.350 etc. 2) What are WB and CB? 3) What's BAU? 4) Why is ...
6
votes
6answers
816 views

How to keep control of shared expenses inside marriage?

I've been married for a couple of years now, and we've been playing pretty loose with our finances (we keep separate accounts and like to pay more or less equally for our common expenses). Lately, ...
3
votes
3answers
208 views

Are taxes applied to expense reimbursements?

I have recently accepted a new job which requires me to move across the country and as part of my employment I was offered a signing bonus to assist with relocation. It just barely occurred to me that ...
1
vote
1answer
103 views

What is the procedure, and limit of medical expenses in order to claim for tax returns in US?

Since last year I have spent sufficient amount of money on medical bills (greater than $1500) as a result of 20% that I am supposed to cover under my insurance. My questions are: For an ...
4
votes
2answers
181 views

Where do expense ratios show up on my statement?

This answer describes the lowered expense ratios of Vanguard admiral shares compared to Vanguard investor-class shares. How do I tell from my statements that I am saving money through the lowered ...
11
votes
8answers
363 views

What expenses do most people not prepare for that turn into “emergencies” but are not covered by an Emergency Fund?

I'm looking for expenses that most of us should be planning for, but that we may not think about. Some of these would be re-occurring expenses that happen infrequently, while others would be one time ...
4
votes
2answers
200 views

What expenses do 401k funds charge?

What expenses do 401k funds charge? For example, do they charge front-end or back-end loads (commission when buying or selling funds)? Also how do I find out if the 401k administrator charges a fee?
17
votes
2answers
311 views

What should I reserve “emergency savings” for?

Should I reserve my "emergency savings" solely for times of unexpected unemployment, or keep these savings flexible enough to cover other unforeseen critical needs?
5
votes
3answers
178 views

Why are ETF MERs lower than mutual fund MERs?

Why are exchange traded fund (ETF) management expense ratios (MERs) lower than mutual fund MERs?
5
votes
2answers
147 views

Working abroad in Australia, what is involved financially and administratively?

I've always dreamed of making it down to Australia to work, intentionally for the long term but would probably go for 1 year as a "trial" (or at least force myself to go that long) What would the ...
6
votes
2answers
140 views

What is the difference between a charge card and a credit card?

There used to be a type of card that was offered called a "charge" card, how is that different from a credit card?