Fintech: What It Is and What to Watch For

By | February 15th, 2020|Technology|

Fintech is financial technology. It's the integration of technology with financial services. While some people are nervous about financial technology, it’s likely that a number of things you already use are fintech. Fintech is less regulated than traditional banking which provides a lot of opportunities and ease of use but brings risks and challenges as well. Common Examples of Fintech  PayPal is likely one of the most commonly used fintech on the market, but things are advancing so quickly there are new apps and programs coming out all the time. Other fintech includes: Crowdfunding like Kickstarter and Patreon, Mobile payments,  Blockchain [...]

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The Benefits of Paying Wages

By | February 1st, 2020|Taxes|

An important part of tax planning is determining if you will pay yourself wages out of your company. There are a number of benefits to paying wages, including increasing deductions in your company, contributing to your retirement, and receiving additional tax credits. Here's a breakdown of the advantages that come with paying yourself wages. Reduce Corporate Taxes  When you pay yourself wages out of your company, you can claim a deduction against your company's income.  For example, if you have $95,000 net profit in your company, and you decide to pay yourself $25,000 in wages, your company's income is reduced to [...]

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