October 2015 3
If you were to ever win half a billion dollars in the lottery, you could either take the money as a lottery annuity settlement, and get annual lottery payments you could use to support yourself or provide some financial stability, or you could take it as a lottery lump sum payout. While an annuity allows you to save money on taxes and prevents you from spending it all, it’s not quite as fun, is it? Who wouldn’t want to get some amazing, extrav (more…)
An annuity will give you an additional source of income, acting as a sort of financial safety net to help support you, but did you know that you can sell annuity payments? While it may seem scary to get rid of your financial safety net, selling your annuity can be a prudent decision. Here are just a few reasons why selling an annuity settlement can be a good idea.
A New Home.
The median cost of a new home as of September 2015 is $296,900, and the average cost is $364,100. That’s a lot. Fortunately, if you have an annuity, you can sell it, and use the money as a down payment. If there’s extra leftover, you can then put that money into the house, and improve it.
A New Vehicle (more…)
Payroll processing can be a tricky thing for any employer to manage, and for a company that has to manage a payroll processing system for employees in another country, the task can be even more difficult! For this reason, many companies operating internationally choose to outsource their payroll program to a payroll service provider — and if you think that it’s not necessary to do this when managing a U.S. business with Canadian employees, here are just a few ways that the two countries differ when it comes to taxes, employment, and payroll processing:
- It’s important to understand that firing an employee in Canada is going to cost your business (more…)
Are you someone who is concerned about your financial health? If so, you are not alone. Thousands of people just like you are worried about how to make sure they are financially secure in the future. The good news is that there are so many options available to you that will increase your financial literacy [...]
U.S. companies operating north of the border are attracted by the availability of a skilled labor force. However they quickly discover that Canadian laws and taxes are very different from what they’re used to and that the penalties for making mistakes can be expensive. Payroll service providers can make the transition much easier, offering compete [...]
Who is the ideal buyer to sell my business to? This very first question is the most important part of parting with your brand and moving on, as it determines whether or not you’ll get the amount you deserve. Business acquisitions can be a tricky field to navigate for the uninitiated. There’s just so much [...]
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