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What Miles Are Deductible for Business? According to the IRS, miles driven to grow or run your business may be deductible. Some examples of deductible business trips include: Traveling to a client meetingGoing to an office supply storeRunning business-related errands, like going to the bank Options for Deducting Miles You have a couple options for deducting miles, including the actual vehicle expenses deduction and the standard mileage deduction (which requires you to keep a mileage log)....

You can think of a mission statement as a combination of what your business or nonprofit does and how and why it does it, expressed in a way that encapsulates the values that are important to you. It can be a challenge to clearly and concisely bring these ideas together, though. Here is a simple guide—along with some examples—for writing your own company mission statement. My company’s purpose is to:...

Kiyoshi Hijiki / Getty Images In your statement, you can get a bit personal—use the space to share details and insights about yourself, and forge a connection with potential employers. Here are some tips on how to write a successful personal statement that will further your job search. Different Types of Personal Statements A personal statement may be included in your curriculum vitae or CV. Much like an in-person elevator speech or the summary section within a resume, a CV personal statement highlights your objectives and abilities....

What Goes Into the Funding Request? The funding request section provides information on your future financial plans, such as when and how much money you might need. You will also include the possible sources you could consider for securing your funds, such as loans or crowdfunding. Later, you can update this section when you need outside funding again for business growth. Parts of the Funding Request An Outline of the Business Yes, you’ve done this already in past sections, but you want to give potential lenders and investors a recap of your business....

Variable expenses differ from fixed expenses, such as your mortgage or rent, that remain the same throughout the term of your loan or lease. Unlike fixed expenses, variable expenses can change significantly over the course of a week, a month, or a year. Note that variable expenses are not considered “variable” because they are discretionary or unnecessary, but because they are fluctuating. For example, your grocery bill can differ from month to month, which makes it variable, but it is not discretionary because it’s not an expense you can do without....

Unlike Original Medicare, Medigap plans are sold by private insurance companies, like Humana. There are 12 different plan types that are designated by letters. The benefits are standardized, so they don’t differ between insurance companies. You can purchase 10 different Medicare supplement plans through Humana, including plans A, B, C, F, high-deductible F, G, high-deductible G, K, L, and N. About Humana Humana is headquartered in Louisville, Kentucky. It is one of the largest health insurers in the United States and traces its beginnings back to 1961....

How Business Tax Deductions Work Most self-employed business owners report and pay their income taxes on their personal tax returns. They calculate their income and deductions on a separate form, usually Schedule C, then they add their total net income from their business to their other sources of income on their Form 1040 or Form 1040-SR. The Internal Revenue Service (IRS) says these expenses must be both ordinary (common and accepted in your type of business) and necessary (helpful and appropriate)....

Personal income grew 0.5% in October compared with the month before, as wage increases more than made up for declines in unemployment benefits from the government following the expiration of pandemic-era relief programs, the Bureau of Economic Analysis said Wednesday in its monthly report on income and spending. People were inclined to spend the extra pocket money, as inflation-adjusted spending accelerated for a third month, rising 0.7%. They also saved less of their disposable income—7....

In addition to providing personal information, work history, education, qualifications, and skills, you will also be asked to attest to the fact that all the information you are giving is accurate. Not telling the truth, fudging employment dates, leaving out information, and other inaccuracies on your application or resume can be grounds for not being hired or for being terminated in the future if the company finds out you misrepresented your background or lied....

Or you might be asked similar interview questions such as, “Where do you see yourself in five years?” and “What are your goals for the next five to ten years?” Employers often ask about the future to ensure that your goals mesh with those of the organization and to ensure you’re a fit for the job for which you’re interviewing. Here’s advice on how to answer interview questions about your career goals, examples of the best responses, and tips for what to say when you respond....

Know Your Objectives and Know the Fund’s Objective First, ask yourself what you want your bond fund to accomplish. Not all funds serve the same purpose. Are you looking to generate income or are you trying to reduce your tax bills? Maybe you’re saving for your child’s college education. After you determine your objectives, you can search for a fund that has a similar objective, whether that’s maximizing return, protecting principal, or something in between....

In this article, we’ll cover the best types of accounts and mutual funds to get kids started with investing, and to help them learn along the way. What Are the Best Investment Account Types for Kids? Some types of investment accounts are created specifically with children in mind, whether to fund college, pass on a legacy gift, or secure the child’s future. Assuming the child is under the age of 18, they’ll generally need a minor account to get started investing....

While the grantor is alive, the trust is the beneficiary of and holds the title to the policy. When the grantor dies, the trustee or administrator of the ILIT distributes the policy proceeds according to the terms of the trust. How an Irrevocable Life Insurance Trust Works Life insurance is an important tool that can be purchased to transfer the risk associated with a premature death from a policyholder to an insurer and financially provide for surviving family....

One of those places, surprisingly, is the insurance market. Black Americans pay much more than White Americans for something that is required by law in nearly every state: car insurance. Black Insurance Customers Are Paying More In recent years, U.S. neighborhoods have become more racially segregated. Black consumers who live in predominantly Black neighborhoods are paying a price as a result: A pioneering study conducted by the Consumer Federation of America in 2015 found that good drivers who live in Black neighborhoods are charged more than good drivers who live in White communities—a lot more....

A common way to apply for jobs is by sending an application letter, along with a resume, via email. This is especially the case with smaller employers without automated application systems. If the employer wants email applications, it will be noted in the job posting. Here’s how to apply for a job when an employer asks you to email your application, including what to send, writing tips, and examples. How To Apply for a Job via Email What’s the best way to use email to apply for jobs?...

If you are an older job seeker, there are steps that you can take to minimize the impact your age might have on your interviewing success. Make the Best First Impression Your appearance could be a concern, especially for roles where other candidates may be younger than you. Make sure your interview attire is of a current style. Pay attention to skirt length, tie width, lapel width, color, and fit....

On August 4, 2014, the Intercontinental Exchange (ICE) Benchmark Administration took over the administration of LIBOR from the British Bankers’ Association (BBA). ICE calculates the rates based on submissions from individual contributor banks. An oversight panel of anywhere from 11 to 18 contributor banks is also in place for each currency calculated. Calculating LIBOR Before ICE took over, the British Bankers’ Association calculated the rate from a panel of banks representing countries in each of the quoted currencies....

Listing Homes for Sale on Friday Listing agents, for the most part, prefer to put a home on the market on Friday while promoting a Sunday open house. Going live at midnight on Thursday is best, because Friday is the best day to list a home. Flipping that switch in their Multiple Listing Service (MLS) at midnight allows all of the photographs to download across many platforms, making the images available first thing Friday morning....

Base metals and industrial metals are important commodities in sectors such as construction and technology, so they shouldn’t be ignored. Whether you are looking to diversify your portfolio or seize a perceived opportunity with metal commodities, you should consider metals ETFs for your investing strategy. Breaking Down Industrial Metals ETFs There are quite a few different metals ETFs to consider for your portfolio. They can vary by region, utilize different investment strategies, or specialize in a specific type of metal....

The strategy runs contrary to the notion of buying stocks that are undervalued because it assumes that the market is recognizing future growth potential. Some analysts have described momentum investing as “buying high and selling higher” in an effort to beat market averages. It might sound strange, but the idea has some merit. How Does Momentum Investing Work? Applying momentum investing strategies to your portfolio is easy to do. You just have to pick a time frame to measure, and then assess all the stocks you owned during that time....