partnership

We all hate the money talk. Whether you are working out the details of your financial lives before you commit, or whether you have been in a committed relationship for years, talking about money always seems to be fraught with the makings of relationship peril. Even if you don’t plan to marry, if you are [...]

If you’re self employed, you’re responsible for keeping track of your own taxes, as well as making payments on time. This also involves being on top of your paperwork, filing your tax return on time and keeping hold of receipts and invoices in case you’re asked to prove certain aspects of your tax return. This [...]

Welcome to the 76th edition of Money Hacks Carnival. In this edition, I’ll be presenting some interesting and fun facts about money along with the submissions. For editor’s picks, please look for entries noted with (EP).

Money Fact #1: $1 bills wear out in about 17 months. Bills of larger denomination last longer because they are [...]

In my TurboTax Online Review, I mentioned that I owe some federal income tax and is thinking about opening a SEP IRA, or a Simplified Employee Pension Plan. Aside from reducing my tax liabilities, I want to maintain my safe harbor from having to pay quarterly income taxes in 2009.
Since I am already doing my [...]

I have been thinking about setting up a Limited Liability Company (LLC) for my web business to manage personal liability risk.  LCC is an attractive option for incorporating a small business, because it provides the limited personal liability of a corporation, but the pass-through taxation of a partnership or an S corporation. For this reason, [...]

There’s a quote by Gene Brown that says “One good thing about being young is that you are not experienced enough to know you cannot possibly do the things you are doing.” As I enjoy my second month of being retired from my job, I reflect back on the things that my husband and I [...]

About a week ago, Mrs. Micah wrote What My Parents Did and Didn’t Teach Me About Credit and Money Management and that got me thinking about financial lessons that I learned from my parents.  I can definitely say that I didn’t learn anything about investing, budgeting, or building alternative income streams from my parents.  They [...]

I think many of us heard about income streams, active income, passive income, and portfolio income before (if not, I have brief description of each below). I’d like to share some quick observations about active versus passive income as it relates to financial independence and wealth.

The image above is a simplification that shows active income [...]

This is another great week for Moolanomy and the M-Network. The network made an exciting, as well as a sad change — we welcomed MyTwoDollars into the family, and said farewell to Financial Dominance. This edition is inspired by Skelliewag’s 19 Strategies to Help Turn New Visitors Into Loyal Readers. This edition will be fully [...]

I have been investing in the stock market for nearly 10 years and acquired quite a bit of experience and knowledge (mainly through making mistakes). I’ve never codified on to a piece of paper until today. Before I begin, I want to give credit where it is due. This post was inspired by  CommodityWorld.com’s Common [...]