Question on Paychex small business |
- Question on Paychex
- Can a ltd own a plc?
- I'm confused about small business accounting two ways of doing this business
- Rental property management need help
- Do indie restaurant owners ever get mortgages on the properties?
| Posted: 26 Feb 2022 04:25 AM PST I have a deduction called 401k EE Pretax available. I recently set up a Solo 401k with Vanguard. If I deduction $1,000 from my paycheck, is the money taken out of my checking account? If so, where does it go? Paychex has never asked my any details concerning my Solo 401k. I'm told my contributions to the 401k have to come from my pay check. I'm still trying to figure out the logistics. [link] [comments] |
| Posted: 26 Feb 2022 03:25 AM PST |
| I'm confused about small business accounting two ways of doing this business Posted: 26 Feb 2022 01:25 AM PST There is a business going on, as a going concern that makes good money, the business is worth $10,000 I offered the owner to put my money which is $10,000 and make me a partner of 50% we both have to work together for the business's success the main value of a business is the inventory, Once I become a partner of 50% he says he will sell me an inventory of 50% at cost (he will take the money to his home, not for business) whatever profits will be generated on that inventory will be divided 50/50 The next way he proposed was that I put the money in this business I get 50% equity but it doesn't have anything no inventory he would just guide and execute business and the profit will be divided 50/50 we both have to work together. the money will be used in buying machinery and creating inventory building websites spending on Ads, spending on long term assets and ads will lower the inventory which lowers the profit for the year. he is providing his place, the alternative places aren't that costly but those are still costs. [link] [comments] |
| Rental property management need help Posted: 25 Feb 2022 11:38 PM PST I have a rental property and a salary. The rental is cash flow negative and currently I have a property manager that I cannot afford. I want to take over the property management duties which I end up doing anyway because they call me. If i did not find the tradespeople for the issues at hand, they would just get some expensive one and call it a day. so the PM for day to day running is not that useful. Currently they collect rent via a check that they deposit into my account after 15 days, so presumably they are getting a 15 day float. The nice thing is that I get a sheet with all expenses and some tax documents for my annual taxes. However I want to stop paying the property manager 8% of my rent, on a property that is already losing money! Anyway I am not sure what all I need to be able to replace the PM in terms of software, documents, process - setting up the books etc., how do I go about getting setup ? I also have a foreign rental property that is another big mess, but I will list that in a different post. [link] [comments] |
| Do indie restaurant owners ever get mortgages on the properties? Posted: 25 Feb 2022 11:32 PM PST How do they tell if it makes more sense to get a mortgage, or to just lease? Do any owners of such properties provide mortgages? I'm new to the concept so I don't get how it fits into the picture. [link] [comments] |
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