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Tip of the Day Pay All Credit Card Balances In Full Each Month

Pay All Credit Card Balances In Full Each Month - It is necessary to pay all credit card balances in full each month to prevent paying extremely high interest rates...

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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 Coverage Ratio

Coverage Ratio - the term coverage ratio is a type of accounting tool that helps measure a company’s ability to survive and grow.  Simply by comparing the company’s assets (gross profits) and liabilities (expenses) are a form of figuring the coverage ratio. The higher the assets, and the lower...

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