Was there bonus depreciation in 2008?
The Economic Stimulus Act of 2008 (“the Stimulus Act”) establishes a temporary 50% first-year bonus depreciation break. Under this super-beneficial provis...
Published: May 01, 2026
Is a UK citizen a UK resident?
British citizens and their family members British citizens who are no longer living and settled in the UK cannot be said to be ordinarily resident in the ...
Published: May 01, 2026
Can Canadians make a US bank account?
A Canadian can open an American bank account with some extra work, including completing a W-9 form, showing photo identification and having an individual ...
Published: May 01, 2026
What is the minimum deposit for a Roth IRA?
While there’s a Roth IRA maximum contribution amount, there’s no minimum, according to IRS rules. The less-good news is that some providers do require acc...
Published: May 01, 2026
Is a 529 plan a qualified tuition program?
A qualified tuition program (QTP), also referred to as a section 529 plan, is a program established and maintained by a state, or an agency or instrumenta...
Published: May 01, 2026
How much should you markup services?
While there is no set “ideal” markup percentage, most businesses set a 50 percent markup. Otherwise known as “keystone”, a 50 percent markup means you are...
Published: May 01, 2026
What is PTS in mortgage points?
Mortgage lenders will often mention “mortgage points,” but they’re less likely to mention what they are — and how much they’ll cost you. “Pts” is an abbre...
Published: May 01, 2026
Is sole proprietor same as S Corp?
Sole Proprietorship vs S Corp: What’s the Difference? A sole proprietorship is an unincorporated business that doesn’t have any legal separation from its ...
Published: May 01, 2026
Why is my bank asking me to fill out a W-9 Form?
US financial institutions ask you to complete Form W9 in order to obtain your personal identifying information (name, address, tax ID) to report income pa...
Published: May 01, 2026
What happens if you have a permanent establishment?
A permanent establishment (PE) is a fixed place of business that generally gives rise to income or value-added tax liability in a particular jurisdiction....
Published: May 01, 2026
