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Remote Tax Prep vs. Traditional Tax Services: Which One is Right for You?

The Startup Magazine

Even if you have unique sources of income, such as dividends or capital gains from selling assets, a CPA can guide you correctly. It is faster and costs less than traditional tax services. Lower Cost Using tax software isn’t expensive either; it typically costs between $25 to $120. In 2016, there were 9.6

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McLaren Strategic Ventures Sajan Pillai Discusses the Top Five Trends for Advancing Global Technology in 2022 

The Startup Magazine

When the first microwave oven hit the market in 1955, it cost roughly $12,000 in today’s dollars; today you can pick one up for $64 on Amazon. But analyzing data will go beyond capital gains and be used to create smarter policies for those in need, as noted in Gartner Group’s “Top 10 Data and Analytics Trends for 2021.”.

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6 Ways To Easily Decrease Your Crypto Tax Liability

YoungUpstarts

When you choose to sell off your stocks, bonds, or cryptocurrency, a special tax called a capital gains tax is assessed by the government. Short term capital gains can be taxed at a rate of up to 37% , compared to the maximum rate of 20% for investments held for over a year. Borrowing Against Your Cryptocurrency.

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Tips that Can Help You Save Money on Your Taxes

The Startup Magazine

Several tax credits are available for a variety of expenses, including education costs (such as the American Opportunity Credit and the Lifetime Learning Credit), energy-efficient home improvements, and expenses related to the care of dependents (like the Child and Dependent Care Credit).

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Property Investing 101

Start Up Blog

Getting someone to manage a property costs about 7% of the rent per week. (so High capital growth properties & areas, tend to have lower rental yields. You can draw out profits (capital gain) from a property that has grown in value and not pay tax on it. Rental returns are usually below 5% per annum.

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7 Tax Planning Strategies for Small Businesses

The Startup Magazine

Disabled access credit (DAC) helps business owners scale down on costs associated with providing access to disabled employees. If so, you can claim a tax credit and offset those costs. These costs include capital gains, investment returns, and retirement proceeds. After all, the employment tax costs will skyrocket.

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Understanding Stock Options

YoungUpstarts

Profit from ISOs have the potential to be taxed as long-term capital gain, which is a considerably lower rate than NQSOs, which are generally taxed as ordinary income. Any proceeds from an exercise or sale become subject to taxation at the lower, long-term capital gains rate rather than ordinary income rates.