If you’ve recently been laid off, you’re probably concerned about the tax implications of your severance pay. You don’t need to feel overwhelmed or intimidated by the process. Severance pay is taxable in the year that you receive it. So, if you’re receiving three-months’ worth of pay, you’ll need to factor in taxes to that…
We’re living in a world of rapid change, and the rise of generative AI is transforming how we work, live, and interact. As AI technology advances and new jobs are created, existing ones are being automated, assisted, or left unaffected. But what does this mean for the future of work, life, and society? In this…
Are you self-employed and looking to start planning for your retirement? You’re in luck – there are a variety of retirement plans available to you that can offer tax advantages and cushion for your future. Knowing which retirement plan is the best fit for you can be a daunting task, so it’s important to take…
As a small business owner, understanding how to manage your finances is essential for success. Knowing the basics of financial management, including setting up a business bank account, understanding the three basic financial statements and setting up a business credit score, is an essential step towards achieving financial stability. Additionally, managing cash flow, reducing overspending,…
Are you feeling unfulfilled in your job? Do you have a passion that is not a part of your current position? If so, it may be time to consider starting your own business. Entrepreneurship can be incredibly rewarding, but it also carries risks and requires extensive planning and preparation. In this article, we’ll discuss the…
Are you tired of the same old 9-5 job in the corporate world? Are you looking for a career that offers more security and independence than your current one? If so, entrepreneurship might be the perfect option for you. With the rise of the digital economy, more people are turning to self-employment as an alternative…
While the US has not yet declared a recession, there is a significant expectation for one in the near future. This anticipation has already caused a sizeable drop in asset prices, such as US stocks (S&P 500) falling by 18% in 2022 and national real estate (Case-Shiller index) decreasing by 5% since its peak in…
Central banks’ efforts to save the global economy during the Covid-19 pandemic crisis have created an artificially strong economy, sky high inflation and asset price bubble. To fix these issues, central banks must now act quickly to reverse their simulative monetary and fiscal policies. However, so far they have been too slow to act. From…
Don’t take it too personally If you invest in stocks or have a retirement plan, you are very likely to have lost some money this year at least on paper. These losses in the market feel painful, but they are almost inevitable. Remind yourself that you are not alone as many others are also suffering…
The US economy has been on a roller coaster ride in the past two years. While the Covid-19 virus has shut down a large part of our economy and has caused high unemployment rates in many service sectors, the US government’s massive fiscal and monetary stimulus response also brought on the fastest economic recovery in…
