- Why Customer Lifetime Value Matters For Your Business
- Calculating customer lifetime value (CLV) gives you insight on how much to spend on new client acquisition. Learn more.
- Quickbooks Tip: Setting Up Sales Tax in QuickBooks Online
- Sales tax is one of the more complicated concepts supported by QuickBooks Online.
- Education Tax Credit Nuances. Don't Leave Money on the Table.
- There are actually two higher-education tax credits. The American Opportunity Tax Credit (AOTC) provides up to $2,500 worth of credit for each student, 40% of which is refundable. The credit is equal to 100% of the first $2,000 of college tuition and qualified expenses and 25% of the next $2,000. The AOTC only applies to the first 4 years of post-secondary education.
- You May Be Able to Sell Profitable Stocks Without Paying Any Tax
- Taxpayers whose top marginal tax bracket is lower than 25% enjoy a long-term capital gain tax rate of zero. Yes, you read correctly: the tax on any long-term capital gains for taxpayers within the 10% or 15% tax bracket is zero! This can provide you with the opportunity to sell some of your winner stocks and pay no tax on the resulting gain. Long-term capital gains apply to stocks and other capital assets you have owned for a year and a day or longer.
- Converted Your Traditional IRA to a Roth IRA? Worried You May Have Done It Too Soon if Tax Reform Passes?
- When you convert a traditional IRA to a Roth IRA, you have to pay the tax on the conversion. However, individuals frequently do this so they can take advantage of future tax-free accumulations. Distributions from Roth IRAs are generally tax free, including any earnings (accumulations) while the account is a Roth account.
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