Search found 26 matches

Return to advanced search

Can I lock in the low mortgage rate?

I am planning to purchase a house in the fall. Can I lock in the mortgage rate now while I am looking for a house? Any advise is appreciated!
by tomtoms
Thu May 29, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I lock in the low mortgage rate?
Replies: 8
Views: 861

Re: How much house can I afford?

Thank you for the advise ! Any additional advise would be greatly appreciated.
by tomtoms
Tue May 27, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford?
Replies: 16
Views: 1558

Re: How much house can I afford?

Thank you everyone for your opinions so far! I have updated my original post with answer to the questions I have received.
by tomtoms
Sun May 25, 2014 7:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford?
Replies: 16
Views: 1558

Re: How much house can I afford?

I am 35 and I think it is time for me to stop leeching from my family. I am embarrassed to say that I have been living in a family house for free. Why? It's quite common in other parts of the world. It might be so hot for the love-life here, but I don't think it's something to be ashamed of (my gir...
by tomtoms
Sun May 25, 2014 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford?
Replies: 16
Views: 1558

How much house can I afford?

I am 35 and I think it is time for me to stop leeching from my family. I am embarrassed to say that I have been living in a family house for free (I live in the back house). I am thinking about buying a house and I need to ask for your advise. How much can I afford? I live in the LA area and I am pl...
by tomtoms
Sun May 25, 2014 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford?
Replies: 16
Views: 1558

Re: Asset depreciation for a small business

any other inputs would be greatly appreciated!
by tomtoms
Wed Apr 09, 2014 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asset depreciation for a small business
Replies: 4
Views: 359

Asset depreciation for a small business

I started a business in 2013. I am using my old laptop, old furnitures for this new business. I want to write these off to reduce my tax liability (asset depreciation). Although I have a general idea how much they cost me but I don't have any receipt and I don't remember exactly when I purchased the...
by tomtoms
Mon Apr 07, 2014 11:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asset depreciation for a small business
Replies: 4
Views: 359

Do I need an accountant? Small business with 55 k in revenue

First, I want to thank everybody for your valuable inputs. I was wondering if I need an accountant. I started a business that has 55 k in revenue and 35 k in profit. It is mostly an online business. I use my residence as a home business and I use my personal car as a business car. My business record...
by tomtoms
Sat Apr 05, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need an accountant? Small business with 55 k in revenue
Replies: 8
Views: 447

Re: Business-related meals: tax deductions

Any other inputs would be greatly appreciated!
by tomtoms
Fri Apr 04, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business-related meals: tax deductions
Replies: 11
Views: 874

Re: Business-related meals: tax deductions

Lets say a small business owner works at a local cafe. In order to work there, he has to buy drinks and food. Can he include the cost of the drinks and food as a business expense? If so, how much of it can he write off (50%, 100%, etc)? Just so that I understand, this small business owner has no ac...
by tomtoms
Thu Apr 03, 2014 3:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business-related meals: tax deductions
Replies: 11
Views: 874

Re: Business-related meals: tax deductions

Allan wrote:I am not an accounting or tax expert but if the food and drinks are part of your business I would think the food and drinks are part of Cost of Goods Sold. In what capacity do you work at cafe?

Allan


I would use my laptop and would do my work at the cafe.
by tomtoms
Thu Apr 03, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Business-related meals: tax deductions
Replies: 11
Views: 874

Business-related meals: tax deductions

Lets say a small business owner works at a local cafe. In order to work there, he has to buy drinks and food. Can he include the cost of the drinks and food as a business expense? If so, how much of it can he write off (50%, 100%, etc)?
by tomtoms
Thu Apr 03, 2014 2:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Business-related meals: tax deductions
Replies: 11
Views: 874

Where to find the right accountant for a small business?

I started a small business that generated about $35k in profit last year. I mostly sell things online. I am looking for an accountant in the LA area that is right for my business but I am not sure how I should proceed. Any suggestions would be greatly appreciated!
by tomtoms
Thu Mar 27, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Where to find the right accountant for a small business?
Replies: 4
Views: 313

Re: where do I find thick, quality cover papers?

Thank you everyone! any more suggestions would be greatly appreciated!
by tomtoms
Sun Feb 16, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: where do I find thick, quality cover papers?
Replies: 11
Views: 990

where do I find thick, quality cover papers?

I am looking for quality, thick (250-300 gram/m2), dual sided glossy or matte papers. Similar to the brochure papers that big pharma use in their advertisement. I am planning to use them to make a brochure and cover for my book. I have went to Staples, Office Depot but I can't seem to find any. Plea...
by tomtoms
Thu Feb 06, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: where do I find thick, quality cover papers?
Replies: 11
Views: 990

Re: How to pay taxes: small business + regular job

Thanks everyone for your replies! I wish I can just concentrate on my business but having a regular job and taking care of taxes, it is becoming increasingly difficult. I have a couple of questions: (1) Income tax, social security tax, medicare tax from my business must be paid quarterly (next due d...
by tomtoms
Wed Apr 10, 2013 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: How to pay taxes: small business + regular job
Replies: 7
Views: 723

How to pay taxes: small business + regular job

I have a dilemma. I don't know how to pay my estimated tax for my small business. I started a business in 2013 and I am expecting to make $50,000 in profit this year. I am still working at my regular job that pays $120,000 a year. I am planning to ask my employer to withhold extra taxes on my W-4 to...
by tomtoms
Sat Apr 06, 2013 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to pay taxes: small business + regular job
Replies: 7
Views: 723

Re: Self-employment tax for a small business

Thanks everybody for your reply so far! My 2012 salary is $120,000. I should make $125,000 in 2013 at my regular job. I started a business in 2013 and I should make a profit of $50,000 from my small business this year. (1) Just so I can understand, instead of paying my quarterly estimated taxes for ...
by tomtoms
Mon Apr 01, 2013 6:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Self-employment tax for a small business
Replies: 7
Views: 863

Another Question

Thank you! Another question: (6) It seems like I would need to pay my taxes throughout the year on Jan 15, April 15, June 15 and Sept 15. If I started my business in Jan 2013, what do I need to pay by April 15? Do I need to pay my estimated business income tax for the first quarter by April 15 2013?...
by tomtoms
Sun Mar 31, 2013 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self-employment tax for a small business
Replies: 7
Views: 863

Self-employment tax for a small business

First, I want to thank everyone on this forum for your helpful advise so far. I started a business this year and it is to my understand that I must pay self-employment (SE) tax for the first quarter of 2013 by April 15, 2013. I also understand all wages and earnings are subject to 10.4% social secur...
by tomtoms
Sun Mar 31, 2013 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Self-employment tax for a small business
Replies: 7
Views: 863

Re: Getting mortgage in 6 mths. Should I get a new credit ca

OP here. I just received approval for a new credit card. I am planning to check my credit score 3 months from now and see if it has gone up. I will update everyone!
by tomtoms
Sun Mar 10, 2013 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting mortgage in 6 mths. Should I get a new credit card?
Replies: 14
Views: 797

Re: Getting mortgage in 6 mths. Should I get a new credit ca

My score from credit karma is 35 points higher than my equifax score. Hopefully, they won't use my equifax score?
by tomtoms
Sat Mar 09, 2013 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting mortgage in 6 mths. Should I get a new credit card?
Replies: 14
Views: 797

Re: Getting mortgage in 6 mths. Should I get a new credit ca

Thank you for everyone for your advise so far! I have added additional information to the post. Your suggestion is greatly appreciated!
by tomtoms
Sat Mar 09, 2013 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Getting mortgage in 6 mths. Should I get a new credit card?
Replies: 14
Views: 797

Getting mortgage in 6 mths. Should I get a new credit card?

I am planning to obtain a $500,000 mortgage in the next 6 months and to put 20% down. I recently checked my credit score from Equifax and it is 731. Apparently, I need a > 760 score to get the best rate. I have been using just one credit card for the last 13 years. My monthly credit card bill is usu...
by tomtoms
Sat Mar 09, 2013 11:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Getting mortgage in 6 mths. Should I get a new credit card?
Replies: 14
Views: 797

How to fight a speeding ticket?

When I make a mistake, I am the first to admit it. In this case, I believe the officer made a mistake so I need your help. I was driving home in the evening. I was on the right lane and I was about to exit the freeway. I was then pulled over. The officer claimed I was going 80 miles per hour while t...
by tomtoms
Fri Mar 08, 2013 1:06 am
 
Forum: Personal Consumer Issues
Topic: How to fight a speeding ticket?
Replies: 30
Views: 1562

How to prevent others from copying my self-published book?

First, I want to say that this forum has been very helpful! I need your advise. I have put together a study guide and it has been selling well. However, I am very concerned that someone would copy my book, turn it into a PDF, and then send it to other people. This would destroy my business. What can...
by tomtoms
Thu Mar 07, 2013 1:16 am
 
Forum: Personal Consumer Issues
Topic: How to prevent others from copying my self-published book?
Replies: 17
Views: 1662

Return to advanced search