Opportunity Zones, while not commonly known to the public, can serve as excellent investments to the communities they exist within, as well as to entrepreneurs looking for a long-term tax-savings strategy. Many geographical areas with low-income communities are designated as Opportunity Zones, places where certain tax incentives may be provided to those who invest in them and remain for specified periods of time. There are over 8,764 across America. Why Should I Invest in an Opportunity Zone? Simply put, the tax benefits. In an effort to bring in funding to…
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Tax Planning – Concepts and Strategies for Beginners
If you are already an adult, a part of adulting life is tax planning. You have to deal with taxation whether you like it or not. A significant part of tax planning is analyzing and arranging one’s financial situation to minimize tax liabilities and maximize tax breaks without breaking the law. Here are some tips for tax planning for any stage of life: Understand your tax bracket The tax bracket is the very first thing you need to know, as your bracket will depend on the amount of money you…
A Saving’s Guide for Teens
You need money; it’s the reality of life. If you want to make some, listen up. Here are 5 easy tips on how to ensure a financially stable future. Hi, I’m Javier Carlos. I am an Arizona-native, small business owner, and active investor. I am in a secure place now with my finances, but they weren’t always that way. Back in eighth grade, upon establishing C West Entertainment, I never thought it would be a sustainable source of income. Here is how it all began: My Backstory Being an irresponsible…
Startup Guide for Any New Business
Are you planning to start a new business? Do you have a business plan? A business plan acts as the foundation of your business by providing guidance and management as you start your business. It will show you how to grow, structure, and run your business with the aim of generating maximum profits. In addition to this, it will help you keep your plan and life on track just in case you go through a mishap while starting the business and get discouraged. It could also help you get startup…
5 Tips for Choosing the Right Bank for Your Business
When you first set out down your entrepreneurial path, there are a lot of things to think about and become overwhelmed by, especially when it comes to finances and keeping your fledgling enterprise’s books balanced. That’s why choosing the right bank is so important in maintaining not only your financial well-being but your sanity too. But with all the banks in the world today, both brick and mortar and online, trying to decide which bank is the best for you can also be somewhat daunting. Here are my top 5…