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Mark Lorenzo

added blog Financial Services
2023-02-28 15:42:51 -

Elasticity and tax revenue
Key points Tax incidence is the manner in which the tax burden is divided between buyers and sellers. The tax incidence depends on the relative price elasticity of supply and demand. When supply is more elastic than demand, buyers bear most of the tax burden. When demand is more elastic than supply, producers bear most of the cost of the tax. Tax revenue is larger...

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Mark Lorenzo

added blog Financial Services
2023-04-13 20:08:37 -

Elasticity and tax revenue
Key points Tax incidence is the manner in which the tax burden is divided between buyers and sellers. The tax incidence depends on the relative price elasticity of supply and demand. When supply is more elastic than demand, buyers bear most of the tax burden. When demand is more elastic than supply, producers bear most of the cost of the tax. Tax revenue is larger...

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Mark Lorenzo

added blog Financial Services
2023-07-06 20:21:10 -

Elasticity and tax revenue
Key points Tax incidence is the manner in which the tax burden is divided between buyers and sellers. The tax incidence depends on the relative price elasticity of supply and demand. When supply is more elastic than demand, buyers bear most of the tax burden. When demand is more elastic than supply, producers bear most of the cost of the tax. Tax revenue is larger...

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Dacey Rankins

added blog Business
2025-01-15 13:46:24 -

What are the tax implications of passive income?
When it comes to passive income, many people are drawn to the idea of earning money with minimal ongoing effort. However, one important consideration that often gets overlooked is the tax implications of passive income. Just like with active income, taxes must be paid on passive income, but the rates and rules can vary depending on the source of the income. Understanding how taxes apply to...

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Mark Lorenzo

added blog Financial Services
2023-05-31 19:27:37 -

Your guide to key tax terms
1. Gross and taxable income Gross income is your total income over the course of the year. This includes everything from wages and tips to any interest, dividends or capital gains you earned. Right off the bat, you are allowed to subtract certain things from your gross income—these are called above-the-line deductions. That will give you what’s called your adjusted gross...

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Dacey Rankins

added blog Business
2024-12-16 14:35:39 -

Financial Management for Small Businesses: A Comprehensive Guide
Effective financial management is crucial for the success and growth of any business. Whether you’re just starting out or looking to improve your current financial practices, understanding how to create a budget, manage taxes, track profit margins, and use the best accounting tools can set your business on the path to long-term financial health. This article will answer key questions...

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Dacey Rankins

added blog Business
2024-12-17 14:29:16 -

Selling or Closing a Business: A Guide for Entrepreneurs
Whether you're looking to move on to new opportunities or simply want to exit your business, knowing the proper steps to take is essential. Selling or closing a business involves strategic planning, legal processes, and careful consideration of your business’s worth. This article will guide you through how to value your business before selling, the steps to follow when selling, and how to...

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Dacey Rankins

added blog Accounting
2025-01-21 14:30:53 -

Understanding Accounting: The Backbone of Financial Management
Accounting is often referred to as the "language of business" because it plays a critical role in tracking, managing, and reporting financial transactions. It is essential for businesses of all sizes, governments, and nonprofit organizations. Accounting allows stakeholders—including investors, management, and regulators—to make informed decisions based on a company’s financial...

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Mark Lorenzo

added blog Financial Services
2023-05-18 19:49:49 -

8 money tips for freelance workers
If you’ve traded in your cubicle to become a freelancer, you’re not alone. Fifteen million people in the U.S. (about a tenth of the workforce) have abandoned traditional career paths to work in freelance positions.11start superscript, 1, end superscript Working freelance can take many forms, from working regular hours for a single employer to having a flexible schedule that...

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Leonard Pokrovski

added blog Social Issues
2022-10-14 18:16:09 -

All In: The Fight for Democracy (2020)
The documentary takes a look at the history, and current activism against voter suppression; barriers to voting that most people don't even know is a threat to their basic rights as citizens of the United States. my link

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Mark Lorenzo

added blog Financial Services
2023-05-24 19:00:14 -

Building a foundation for retirement
Building a foundation for retirement Retirement can mean different things for different people. It could mean stopping work entirely and traveling the country. Or it might mean quitting a full-time job to work part time and pursue something you love. Now, if you’re just getting started in a career, you may not be thinking about when you want to retire. Or what kind of...

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Mark Lorenzo

added blog Financial Services
2023-03-29 20:02:04 -

Shifts in aggregate demand
Key points The aggregate demand/aggregate supply model is a model that shows what determines total supply or total demand for the economy and how total demand and total supply interact at the macroeconomic level. The aggregate demand curve, or AD curve, shifts to the right as the components of aggregate demand—consumption spending, investment spending,...

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