Global Intangible Low Taxed Income Global Intangible Low Taxed Income – GILTI for short, is a newly introduced category of foreign income added to corporate taxable income every year. It is a tax on earning that are in excess of a 10 percent return on a company’s invested foreign assets. GILTI is subject to a […]
Starting a business is an exciting time for any entrepreneur; with that comes many decisions. One decision when forming your business, what type of company do you want to create? The two main choices you have are a limited liability company (LLC) or a corporation (incorporated or “inc.” for short). There are various advantages
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U.S. Tax Returns Filed with the Internal Revenue Service, IRS or a state/local tax agency, a tax return is a crucial element to the governmental structure of the United States. Through property calculations, a tax return is how governments know how much money each person is required to pay their government. As understood in “United
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Establishing a Venture Capital Firm Venture capital is a form of financing between venture capital firms and startups, typically early stage. Venture capital is a form of private equity, which are smaller investment funds that are typically organized as limited partnerships, or LLP’s. Private equity firms typically buy companies that are not publicly traded. Venture
In addition to federal taxes in America, many states also rely on state taxes for income. The rates and categories of tax vary state by state. Delaware, the second-smallest state by landmass, is known for its beneficial tax policies. Sales Tax Unlike graduated income tax rates, which use complicated tax brackets, sales tax is
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Learning how the technology behind the blockchain supports NFTs, allows a fluid understanding of the potential of this technology. Many different use cases are being invented in their infancy, but the development of the best use cases is still very much uncharted territory. This unknown is appealing to investors and technological innovators alike. Mentioned before,
NFT Smart Contract Intellectual property rights are one of the markets of the most significant potential for NFTs. Through the concept of fungibility, NFTs can also represent individual items like artwork or video clips. Cryptocurrency and NFTs use the blockchain; the most common blockchain used for NFTs is on Ethereum’s blockchain. Ethereum is also a
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Decentralized finance is a type of finance category that does not rely on central financial intermediaries such as brokerages, exchanges or banks. “DeFi,” unlike traditional financial instruments, uses smart contracts. Explained here, smart contracts are lines of code that contain business logic. With these on the blockchain, commonly Ethereum, DeFi allows people to lend or
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