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Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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Double Taxation

Definition: This is the concept that if you have a corporation, you might have to pay taxes twice.  The corporation first has to pay a corporate tax, and then you would have to pay an income tax on what you pay yourself.

TeenAnalyst Advice: This is one of the downsides to having a corporation as opposed to any other business entity.  Nobody likes paying taxes...let alone paying taxes twice!

There are also many other advantages for having a corporation, which you can find in our "business" section of this website.

 

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Definition of the Day Investing Glossary - S

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