Sentences with phrase «businesses than their spouses»

It seems that successful entrepreneurs pay more attention to their businesses than their spouses, possibly resulting in a high volume of marital strife.

Apparently successful entrepreneurs are more married to their business than their spouses, resulting in a high volume of marital strife.

Not exact matches

Harp's data showed that entrepreneurs who set shared long - term business and family goals with their spouses scored higher in every area of satisfaction than those who didn't.

If you're self - employed or a business owner with no employee other than your spouse, you're eligible to establish a self - employed 401 (k).

Key Facts: Joint filer with a Schedule C business has a standard deduction of $ 24,000 Business gross income of $ 130,000 Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ business has a standard deduction of $ 24,000 Business gross income of $ 130,000 Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ Business gross income of $ 130,000 Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ Business expenses of $ 30,000 Net profit from business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ business $ 100,000 (qualified business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ business income) Spouse works and makes $ 70,000 Above - the - line deductions of $ 7,500 for deductible portion of self - employment tax and $ 20,000 for SEP IRA contribution Analysis: Taxable income before application of pass - through deduction = $ 118,500 In this case, the taxable income of $ 118,500 is greater than the qualified business income of $ business income of $ 100,000.

Covering employees If you have no employees other than you and your spouse (or business partner) and want the highest possible contribution limits, consider a Self - Employed 401 (k).

A new report from the IFA shows more than 64,000 veterans, military spouses and wounded warriors have started careers in franchising, including 4,314 who have become veteran business owners, since 2011 through Operation Enduring Opportunity, a campaign of the IFA's VetFran Strategic Initiative.

It seems sort of romantic to go into business with someone you love and know so well; who better than a spouse to work with?

And if you plan to publish more than one book, each book needs to be able to recover its upfront costs in order for your writing to be a viable business and not just a tax write - off for your regular job (or your spouse)(or your small publisher).

This makes sense when the income earned in the business is taxed at a higher rate than the spouse / child would pay personally, reducing the overall tax bill.

Other than your spouse and your attorney (and the credit bureaus), your debt is no one else's business.

With a solo 401 (k) plan, available only to self - employed business owners with no employees (other than a spouse), you can contribute up to $ 18,000 (plus another $ 5,000 if you are 50 or older) to your tax - deferred retirement account as an employee, plus 25 % of your compensation (if your business is incorporated), up to a maximum combined contribution of $ 54,000 in 2017.

If you or your spouse or common - law partner carry on a business as a sole proprietor or in a partnership (other than as a member of a limited partnership) during the year, you both have until June 15 of the following year to file your returns.

Tax Return Filing Deadline for Self - Employed Persons: If you or your spouse or common - law partner carried on a business in 2011 (other than a business whose expenditures are primarily in connection with a tax shelter), your return for 2011 has to be filed on or before June 15, 2012.

The deadline to deposit salary deferrals for plans covering employees other than the business owner or spouse of the business owner is generally as soon as possible, but no later than the 15th business day following the month in which salary deferrals are withheld.

There may be the opportunity for you to take advantage of tax credits, set up a trust to split income with your spouse, or contribute to charity through your business more tax efficiently than as an individual.

Insurers and their gorilla math have decided that that just because your business failed a few years back resulting in a bankruptcy; or you recently had an unpreventable emergency medical procedure blessing you with medical collections; or even if your spouse just forgot to send in the mortgage payment on time before they slapped you with a 30 day late, that you have a much higher chance of running over little old ladies on the road than others.

the spouse derives a significant portion of income from dividends, capital gains or other sources that are taxed at a lower rate than employment or business income or that are exempt from tax; and

When you consider the more than 33,000 divorces that were granted in Pennsylvania in 2016, chances are more than a few of the husbands and wives were not only spouses, but also business partners.

It allows the spouses much more privacy than a court process does, which a huge additional benefit to those owning family businesses.

Essentially, the new law would require businesses with more than five employees to reasonably accommodate caregivers that need time away from work to «care for or support» a «family member» (defined to include a child, parent, spouse, domestic partner, parent - in - law, sibling, grandparent or grandchild).

Likewise, spouses can often try to extract the cash reserves held in a business, arguing that they should be paid out to meet their claim rather than being retained for future investment.

A person other than a spouse with whom the judge maintains both a household and an intimate relationship should be considered a member of the judge's family for purposes of legal assistance under Canon 4A (5), fund raising under Canon 4C, and family business activities under Canon 4D (2).

More often than not, it is imprudent for divorcing spouses to continue joint ownership in a family business post-divorce, due to the likelihood of future disputes.

Obviously, the terms spouse and family members are not relevant to a business entity other than a sole proprietorship.

If the loan principal amount is lower than the policy's death benefit at the time that a payout is made, your secondary beneficiary (for example, business partner or spouse) will receive the difference after the primary beneficiary (the lender) receives its payout.

Between 2000 and 2009, the percentage of firms offering coverage fell from 69 to 60.4 In one national survey, nearly three - quarters of small businesses that did not offer benefits cited high premiums as the reason.8 Half of workers in small firms that do not offer health benefits remain uninsured, and about a third of such workers in firms with fewer than 50 employees obtain insurance through a spouse.13.

Additionally, rather than each party hiring dueling experts, you and your spouse hire a neutral financial professional that will value your business.

Further, any business valuations in collaborative practice are done by a neutral person rather than the spouses having to both hire competing valuation experts at double the costs as is the norm in litigation.

Hiring a divorce Mediator or Collaborative Practitioner to help work out business dealings will ensure that both spouses have more of a say in the matter than if a Judge were solely to decide the outcome.

Further, any business valuations in collaborative divorce are done by a neutral person rather than the spouses having to both hire competing valuation experts at double the costs as is the norm in litigation.

Coupled with Diane's organization of the event (I found out less than a week before and she helped me figure out how to get there and make it work, and I was living in MD with a deployed military spouse and our 1 year old son at the time), your internet mission for Power of Two, Dr. John Gray's explanation of hormones / physiology on how we cope with stress differently, and Active Relationships Life and Resiliency Skills Training... I started up my own business to do marriage education.

Gigi Robson, certified public accountant and owner of Respond, which specializes in divorces and business dissolutions, said she sees two major aspects to her role: «First, education; typically, one of the spouses is less financially savvy than the other,» she said.

Plus, if your spouse is less than honest, you can bet that your spouse will be doing as much as possible to decrease the value of the business while you're going through a divorce.

Affiliated Business Arrangment means an arrangement in which (A) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1 percent in a provider of settlement services; and (B) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bBusiness Arrangment means an arrangement in which (A) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1 percent in a provider of settlement services; and (B) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bbusiness incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1 percent in a provider of settlement services; and (B) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bbusiness to that provider or affirmatively influences the selection of that provider; and (8) the term «associate» means one who has one or more of the following relationships with a person in a position to refer settlement business: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bbusiness: (A) a spouse, parent, or child of such person; (B) a corporation or business entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bbusiness entity that controls, is controlled by, or is under common control with such person; (C) an employer, officer, director, partner, franchisor, or franchisee of such person; or (D) anyone who has an agreement, arrangement, or understanding, with such person, the purpose or substantial effect of which is to enable the person in a position to refer settlement business to benefit financially from the referrals of such bbusiness to benefit financially from the referrals of such businessbusiness.

To qualify for a Self - Employed 401k you must be a self employed business owner with no full - time employees other than possibly your spouse.