Post about "Business"

Filed Your Google Adsense Taxes Yet?

Google AdSense just like any other job requires you to pay tax on your earnings. To everyone out there that is makes more than $600 dollars on Google AdSense you’ve probably received the 1099-MISC form outlining how much money you made after the end of each year. And even more if you checked the “Exempt from backup withholding” 28% percent of your Google AdSense earnings will be kept by Google and go towards your taxes. This basically applies to people who have gotten in trouble with the IRS for example lying about your social security number.As more and more people realize that Google AdSense is a legit job we are learning more about Google AdSense taxes. Like deductions and even how to net your Google AdSense earnings to your other earnings. For example if you had another job you might add your Google AdSense earnings to that job’s earnings. Therefore saving yourself self on some taxes. It’s a useful technique that people use on other businesses.Another important fact is you need to realize which your Google AdSense earnings fit under: a hobby or a business. Most Google AdSense savvy users who earned a lot of cash on it decide to make it a business.
This helps them use any expenses on advertising their website and domain or hosting costs as business deductions. While most small time users decide to make it a hobby which greatly reduces your taxes on it. The IRS has an article that can help you with this located at:Business OR Hobby? [,,id=99239,00.html]Please keep in mind that just because you think you make enough money to declare your Google AdSense earnings business earnings doesn’t mean you can. As the IRS promptly tells us that to tax your a business you need to have a certain structure. Meaning you need to have employees which ends up being only you (official term sole proprietorship). Loans and costs and all of those official things that go with businesses, so you can’t just declare yourself a business overnight.Now on to the more interesting part of how you can deduct a lot of money from your Google AdSense earnings taxes. Things like your domain and hosting costs as well as physical purchases like a new computer or even a mouse. But these tax deductions change everyday so I suggest you get in touch with a tax professional or use one of those new tax programs to find out all of the opportunities on there. As well as how much you can deduct from each.Google happens to have a tax information page itself though not very up to date:Google AdSense Tax Info []Also I suggest you check out the website for more information on taxes.Thank You

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.

Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.