Just a quick and simple recap: we discussed that self employment net income, commission, overtime and bonuses will be averaged over a 24 month period unless it is declining in which case the most recent 12 months will be taken into consideration or the overtime and bonus may not be considered at all. In the case of bonus and overtime income especially, your employer will need to verify that the continuance of the extra income is likely. Base employment income, be it salary or hourly over a standard workweek (usually 40 hours but less for professions like nursing) will be taken into consideration without an average. Thus raises are taken into consideration immediately and without averaging in past income at lower hourly or salary rates.
CTEC courses The first surprise is one you could only find in California. The LLC is charged an $800 annual fee for the “privilege of doing business in California”. Oh, joy. The fee is due not at the end of your first year, but within a few months of forming your business. Yes, the door is barely open and you are already getting hit with state expenses!
CTEC classes So, we go down and pay for our new investment: A whooping $1650.00. Now, we’ve got to get her in the trailer and take her home. The trainers trailer is small. One of those older two-horse straight loads with a little escape hatch on each side. OK for Arabians but a bit on the tiny side for Thoroughbreds. It was like loading this huge horse into a totally covered and enclosed starting gate. It was, to say the least, a project. Success was found in about 20 minutes and we were on our way down the road. I give most of the credit to the intellect of the horse.
CTEC approved provider Capital gains tax is the tax that you pay on an investment such as stocks, real estate, etc. There are two types of capital gains tax: short term and long term. Short term refers to holding onto an investment for less than one year. Long term refers to holding onto an investment for at least 1 year long. Short term capitals gains are taxed at the ordinary income tax level whereas long term capital gains are currently capped at 15%. The cap for long term capital gains tax is up to 15% till the end of 2012 where it will then be raised in 2013. The long term capital gains tax could possibly be raised to 20% or raffle license even 25% depending on the congressional actions.
Why not put the money you just got back and invest it on your own future? Invest it into your mutual funds, or put it away into your retirement fund. Grow a nest egg that you can enjoy when you finally go into your well deserved retirement.
It wasn’t unusual — even in the beginning of my attending live events — to come home with on-the-spot sales, more subscribers to my ezine, a few joint venture partners, and speaking invitations.
I know more people in my community, county, do not have any insurance and most are on the government plan and are taken care of month after month for a small affordable fee that can not afford. I just hope our leaders really think about what they are doing and what is really going on. I just feel they are in a box thinking and not out of the box thinking.