Investing

How to invest a windfall

What is considered a small inheritance? What is considered a small inheritance? According to a recent report, the median inheritance in 2016 was $ 55,000, so inheritances of less than $ 20,000 could be considered “small.” Yet this is still a significant amount of money and can be used in a variety of ways to …

How to invest a windfall Read More »

Are investment expenses deductible in 2018

Investment fees, custody fees, trust administration fees, and other expenses you paid to manage your investments that produce taxable income are miscellaneous itemized deductions and are no longer deductible. Are investment fees tax deductible in Canada? Transaction fees to buy and sell investments are never tax deductible, regardless of the type of investment account. You …

Are investment expenses deductible in 2018 Read More »

Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts?

How do you use double entry system? Step 1: Create a chart of accounts for posting your financial transactions. Step 2: Enter all transactions using debit and credit. Step 3: Make sure each entry has two components, a debit entry and a credit entry. Step 4: Check that the accounts are in balance and reflect …

Alex invested $30,000 in cash in his business. how will this entry be posted in the ledger accounts? Read More »

How to invest in dogecoin

What is the next cryptocurrency to explode? Ethereum is the second largest cryptocurrency after Bitcoin, and in July 2021 it will drive large trading volumes of more than 25 percent and its market share will explode in 2021. Which coin will explode in 2021? The next crypts to explode: Solana (SOL-USD) Solana is already one …

How to invest in dogecoin Read More »