Read through these slides if you want to learn:
1. How to boost your take home pay
2. How to choose the right tax filing status
3. That there's no escaping Uncle Sam on earned income
4. The standard deduction may be enough
5. All earned income is not taxed equally
6. How to take advantage of the child tax and dependent care tax credits
7. Don’t forget incentives designed to offset higher education costs
8. Financial literacy resources are at your fingertips
-
PRA Group's Damon DeSue presented these '8 tips to know about taxes" at West Virginia University's financial literacy event.
Thanks to Ulster Savings Bank for hosting this event, guest speaker Jonathan Gudema of Planned Giving Advisors and to all of our participants for joining us to learn more about the impact of the new tax law on charitable giving.
Thanks to Ulster Savings Bank for hosting this event, guest speaker Jonathan Gudema of Planned Giving Advisors and to all of our participants for joining us to learn more about the impact of the new tax law on charitable giving.
“Kiddie Tax” is the term used for the tax on certain unearned
income of children taxed at the parent’s rate instead
of the child’s rate. Children typically are in a lower
tax bracket than their parents and the Kiddie Tax was developed
to prevent parents from lowering their tax liability
by shifting investment income assets to their children.
Debt Relief For Small Businesses- Requirements for Your Loan Application – CO...Sylvie Luanghy
Since most banks are not yet ready to start accepting loan applications for the SBA Paycheck Protection Program, I decided to do some research on the program and put a quick PowerPoint overview for those who still lack information on the program eligibility requirements.
All about taxes, forms and deductions -- Wayne Lippman CPAWayne Lippman
All about taxes, forms and deductions -- Wayne Lippman CPA
http://www.ptindirectory.com/tax-preparers/california/walnut-creek-ca/454953/lippman-and-associates-cpas-inc/wayne-b-lippman-cpa
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
“Kiddie Tax” is the term used for the tax on certain unearned
income of children taxed at the parent’s rate instead
of the child’s rate. Children typically are in a lower
tax bracket than their parents and the Kiddie Tax was developed
to prevent parents from lowering their tax liability
by shifting investment income assets to their children.
Debt Relief For Small Businesses- Requirements for Your Loan Application – CO...Sylvie Luanghy
Since most banks are not yet ready to start accepting loan applications for the SBA Paycheck Protection Program, I decided to do some research on the program and put a quick PowerPoint overview for those who still lack information on the program eligibility requirements.
All about taxes, forms and deductions -- Wayne Lippman CPAWayne Lippman
All about taxes, forms and deductions -- Wayne Lippman CPA
http://www.ptindirectory.com/tax-preparers/california/walnut-creek-ca/454953/lippman-and-associates-cpas-inc/wayne-b-lippman-cpa
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. 2
§ This presentation has been
prepared for informational
purposes only, and is not
intended to provide, and
should not be relied on for,
tax, legal, or accounting
advice. You should consult
your own tax, legal, and
accounting advisors.
Before We Begin
4. 4
Types of Tax
§ Income taxes: individual & corporate,
capital gains
§ Sales & gross receipts taxes
§ Property taxes
§ Estate & gift taxes
§ Excise taxes: gas tax, user fees, sin taxes,
luxury taxes
§ Payroll taxes: Social Security & Medicare
§ Tariffs
5. 5
Agenda: 8 Tips To Know About Taxes
This presentation will teach you…
1. How to boost your take home pay
2. How to choose the right tax filing status
3. There’s no escaping Uncle Sam on earned income
4. The standard deduction may be enough
5. All earned income is not taxed equally
6. How to take advantage of the child tax & dependent care tax credits
7. Don’t forget incentives designed to offset higher education costs
8. Financial literacy resources are at your fingertips
6. 6
Meet Joe Mountaineer and Suzy Mae Butterfly
§ Joe Mountaineer is a diehard WVU football faithful with
desires of one day graduating from WVU, working for an
accounting firm, and eventually returning to his studies to
become a CPA.
§ As a high-schooler, he has a part-time job at the local
grocery store. In college, Joe will major in accounting.
§ Joe also has plans to marry his long-time girlfriend, Suzy
Mae, have two children, and buy a house in Morgantown,
WV.
§ Joe and Suzy Mae have a lot of questions about taxes and
want to know how some of these life decisions will impact
their financial responsibilities.
7. 7
Joe’s Prior Year Tax Liability – 1040 Filer
Part Time Filing
At Joe’s part-time job at the local grocery store, he earned $15,000 in
calendar year 2021. Joe’s tax filing status is “single” with no
dependents.
What is Joe’s tax liability before credits as a single tax filer?
W-2 Income: $15,000
Standard Deductions: ($12,550)
Taxable Income: $2,450
Tax Rate: 10%
Tax Before Credits: $245
8. 8
Tip #1: Boost Take-Home Pay
Joe Mountaineer Lands His First Accounting Job Making $50,000
§ As part of the employment onboarding process, Joe fills out
some critical tax forms.
§ Form W-4, Employee’s Withholding Certificate
§ Form WV/IT-104, West Virginia Employee Withholding
Exemption Certificate
§ The # of exemptions selected determines the amount of
Federal and state taxes your employer is require to withhold
from your wages.
§ The higher the exemptions, the less they are required to
withhold.
9. 9
Tip #2: Choose the Right Filing Status
Joe Mountaineer and Suzy Butterfly Tie the Knot
§ Common filing status options for married couples
§ Married filing jointly
§ Married filing separately
§ Selecting the right filing status impacts the amount of tax
owed on Joe’s $50,000 accountant salary
§ If Joe and Suzy file separately as a married couple, Federal
tax owed before deductions is $6,616
§ If Joe and Suzy file jointly, Federal tax owed before
deductions is $5,589
10. 10
Tip #3: No Escaping Uncle Sam on Earned Income
Suzy Butterfly Helps Joe Get His CPA Dream off the Ground
§ The Gig Economy has grown by 15% over the past decade. Suzy
starts a tax filing business to support Joe while he becomes a CPA.
§ Business owners are responsible for paying taxes:
§ Sole proprietors file their net earnings on Form 1040
§ Federal and state taxes
§ Social Security and Medicare taxes from self-employment
§ Suzy earns $10,000 in gross fees and incurs $4,000 in tax deductible
expenses (e.g., office rent, supplies, telephone, tax software licensing,
etc.).
§ Now, Joe and Suzy’s income reportable on Form 1040 is $56,000.
11. 11
Tip #4: The Standard Deduction May Be Enough
Choosing Between the Standard Deduction and Itemized Deductions
§ Taxpayers may choose the greater of the standard deduction or Schedule A itemized deductions.
§ The standard deduction for 2022 is $25,900
§ Common Schedule A Itemized deductions
§ Medical Expenses
§ Home Mortgage Interest (recent increases in interest rates will add value to this deduction)
§ State & Local Taxes
§ Charitable Contributions
§ Joe and Suzy’s Schedule A Itemized deductions for 2022 were $15,000
12. 12
Tip #5: All Earned Income Is Not Taxed Equally
Joe & Suzy Mountaineer Understanding the Graduated Tax System (2021 Table)
*Table source: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets
13. 13
Tip #6: Take Advantage of the Child Tax & Dependent Care Tax Credits
Joe and Suzy Welcome Their First Child
§ Child Tax Credit
§ $2,000 per qualifying child for tax year 2022
§ Dependent children under the age of 17
§ Refundable up to $1,500 for 2022
§ Dependent Care Tax Credit
§ Covers qualified childcare cost
§ Qualifying expenses: $8,000 for one child and $16,000 for two children
14. 14
Tip #7: Don’t Forget Incentives Designed to Offset Higher Education Costs
Joe Reduces His Education Bill with Tax Incentives
§ American Opportunity Tax Credit: helps pay for education expenses paid for the first four years of
education completed after high school. You can get a maximum annual credit of $2,500 per eligible
student and 40% or $1,000 could be refunded if you owe no tax.
§ Lifetime Learning Tax Credit: offsets the cost of tuition and related expenses. It can help eligible
students pay for undergraduate, graduate, and professional degree courses, as well as courses taken
to get or improve job skills. There is no limit on the number of years you can claim the credit. The
credit is worth up to $2,000 per tax return.
§ Student Loan Interest Deduction: allows borrowers to subtract up to $2,500 of the interest paid on
qualified student loans from their taxable income.
*Tax credit source: https://www.irs.gov
15. 15
Joe’s Current Year Tax Liability – 1040 Filer
A lot has changed for Joe & Suzy in 2022. Their filing status is now “married filing jointly” with
one dependent.
What is their tax liability before credits now?
W-2 Income: $50,000
1099 Net Income: $6,000
Standard Deductions: ($25,900)
Taxable Income: $30,100
Graduated Tax Rate: 10%/12%
Tax Before Credits: $3,201
16. 16
Tip #8: Financial Literacy Resources Are at Your Fingertips
Joe and Suzy Mountaineer Use Online Financial Resources
§ American Institute of Certified Public Accountants (AICPA)
§ Website: StartHereGoPlaces website
§ West Virginia Society of Certified Public Accountants (WVCPA)
§ Website: Public Resources | WVSCPA - West Virginia Society of
Certified Public Accountants
§ Internal Revenue Service
§ Website:
https://apps.irs.gov/app/understandingTaxes/teacher/index.jsp
17. 17
§ Accounting is not about math—it’s about problem solving.
§ It has job security and opportunities for advancement.
§ It’s part of every business, nonprofit or government organization.
Working With Taxes: Accounting
Joe Became An Accountant; You Can Be One Too!
§ Accounting is versatile with room for growth. Jobs include auditor, bookkeeper, tax accountant, financial
analyst, controller, accounting manager, public accountant, forensic accountant, etc.
§ It has a lower-than-average unemployment rate. The U.S. Bureau of Labor Statistics projects accountant
employment will grow 10% by 2026.
§ The best way to learn more is to take an accounting course in high school.
18. 18
§ As a global leader in acquiring
and collecting nonperforming
loans, PRA Group returns capital
to banks and other creditors to
help expand financial services
for consumers.
§ Through our subsidiaries, we
collaborate with customers to
develop flexible,
affordable payment options to
help them resolve their debt.
About PRA Group