Should A Wife Pay Half The Bills?
The question of whether a wife should pay half of the bills in a marriage is a matter that should be decided based on the couple's unique circumstances, financial arrangements, and mutual…
July 26, 2023
What Is The Rule Of Thumb For Paying Yourself?
The "rule of thumb" for paying yourself as a business owner is not one-size-fits-all, as it depends on various factors, including your business's financial situation, your personal financial needs, and your long-term…
July 25, 2023
How Should Bills Be Split In A Marriage?
Splitting bills in a marriage is a matter that should be discussed and agreed upon by the couple, taking into account their financial situation, individual contributions, and personal preferences. There is no…
July 25, 2023
Can You Write Off Groceries As A Business Expense?
Deducting groceries as a business expense can be complicated and is subject to specific rules and limitations set by tax authorities, such as the Internal Revenue Service (IRS) in the United States.…
July 18, 2023
Should I Have A Separate Business And Personal Bank Account?
Yes, it is generally a good practice to have separate bank accounts for your business and personal finances. Here are several reasons why it's beneficial to keep these accounts separate: Legal and…
July 14, 2023
Can You Pay Your Mortgage From A Business Account?
Paying your personal mortgage from a business account is generally not recommended and can lead to various legal and financial complications. Here's why: Commingling of Funds: Mixing personal and business funds in…
July 10, 2023
Is It Legal To Transfer Money From Business Account To Personal Account?
Transferring money from a business account to a personal account is generally legal, but it is subject to certain conditions and considerations, as it can have tax and legal implications. Here are…
July 4, 2023
Can I Fund My Business With Personal Funds?
Yes, you can fund your business with personal funds, and it's a common way to start and support a small business, especially in the early stages. Many entrepreneurs use their personal savings,…
July 3, 2023
Can I Fund My LLC With Personal Money?
Yes, you can fund your Limited Liability Company (LLC) with personal money. In fact, many small business owners initially use personal funds to start and operate their LLCs. Using personal funds to…
June 30, 2023
What Happens If You Mix Personal And Business Expenses?
Mixing personal and business expenses can lead to a variety of problems and complications, both financially and legally. Here are some of the potential consequences and issues that may arise when personal…
June 29, 2023
