Lowering your taxable income is a common concern for individuals and business owners. While the Tax Cuts and Jobs Act (TCJA) provided increased standard deductions for many taxpayers, it also eliminated several other itemized deductions and personal exemptions. However, you […]
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An inter vivos trust is a legal document created while the grantor is still living. The assets are titled in the name of the living trust by the grantor and are used or spent down by the grantor while they
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What Are Common Risk Management Strategies for Traders? Traders face the risk of losing money on every single trade—and even the most successful ones are almost constantly putting on losing trades. Being a winning trader over the long haul is
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Although the two terms are used interchangeably, profitability and profit are not the same. Both are accounting metrics that are used to analyze the financial success of a company, but there are distinct differences between the two. Profit is the
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Regressive vs. Proportional vs. Progressive Taxes: An Overview Tax systems in the U.S. fall into three main categories: regressive, proportional, or progressive. Regressive and progressive taxes impact high- and low-income earners differently, but proportional taxes don’t. Property taxes are an
Regressive vs. Proportional vs. Progressive Taxes: What’s the Difference? Read More »
Inter Vivos vs. Testamentary Trusts: An Overview In estate planning, trust documents ensure the effective transfer of assets to heirs. A trust created while an individual is still alive is an inter vivos trust (living trust), while one established upon the death of the individual is a
Inter Vivos Trust vs. Testamentary Trust: What’s the Difference? Read More »
As a newer entrant to the international exchange-traded fund (ETF) space, the Vanguard Total International Stock ETF (NASDAQ: VXUS) was launched in 2011. Since its inception, VXUS has earned investors an annualized return of 4.97% by tracking the performance of
VXUS: Vanguard International Stock ETF: Characteristics, Risk Read More »
Gross Income vs. Earned Income: An Overview The distinctions between gross income and earned income are especially important to understand in relation to tax accounting. Report either one incorrectly and you could end up paying more in taxes than you really
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Price discrimination is a competitive pricing strategy used by businesses and sellers. Price discrimination involves the use of different prices charged to various customers for the same product or service. It is commonly used by larger, established businesses to profit
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Business ethics is the system of moral and ethical beliefs that guides the values, behaviors, and decisions of a business organization and the individuals within that organization. Some ethical requirements for businesses are codified into law. Environmental regulations, the minimum
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