The IRS states that if you work odd jobs for money, occasionally sell short stories or have both a day job and a side business, you are considered to be self-employed in the USA. Even if you occasionally declare a loss, what matters is that you operate your firm with the aim of generating a profit.
The main reason that credit cards try to lure you in with welcome bonuses, rewards, and travel perks is to improve your chances of earning interest on your credit card. Credit card interest, also known as APR, or annual percentage, can easily add up to more than late fees and annual fees combined. As a
Banks have started to send $13bn in cash backing Elon Musk’s takeover of Twitter according to people familiar with the matter, the latest sign the $44bn deal for the social-media company is on track to close by the end of the week after months of twists and turns. Musk late on 25 October sent a
The origins of blockchain technology can be traced to David Chaum, who first proposed the idea in the early 1980s. You might be most familiar with blockchain today as the home of cryptocurrencies like Bitcoin. In an effort to increase transparency, blockchain technology keeps track of all Bitcoin transactions. However, blockchain technology is not just
Studies show that after a major bank introduced a credit card that was designed to inspire emotional connections with holders, its use increased by 70%. Another showed that emotional connections can increase customer lifetime value by up to 800% for financial services firms. In this video, Business Development Manager for Digital Banking, Ahmed Khidhir breaks
There are a few aspects of personal loans that we all are aware of. They are currently available, versatile, and simple to use. Personal loans, like home loans and business loans, allow you to receive some tax benefits while making your payments. Are Personal Loans Taxable? The loan amount you get from a personal loan
As the world becomes more connected than ever, money is rapidly becoming borderless. The rise of migration, coupled with the expansion of trade around the world, has fueled the enormous movement of money across borders – and much of this is remittances. Remittances often flow from developed to developing economies as migrant workers send money
Nasdaq’s automated quotes in the mid-1970s and online shopping in the mid-1980s were disruptive technologies for the financial industry. The latest disruptive fintech innovation, cryptocurrency, is gaining popularity with consumers, businesses, and government agencies. Large corporations and governments are particularly interested in the underlying technology of cryptocurrencies known as the blockchain. In fact, many organizations
People increasingly look forward to paying various suppliers thanks to the use of mobile phones and numerous applications. Integrating a payment gateway is crucial if you want to create financial eCommerce software that will increase sales and enhance user experience. According to statistics, 73% of all mobile phone users have made a transaction and paid
Open banking has opened up new possibilities for financial services and technology, allowing businesses to tap into consumer data like never before. For example, third-party service providers can now access customer bank account information, account balances, financial history, and more. through the bank link and the consent of the customer. Growth and enhancement through in-depth
Small businesses make up more than 99% of the economy and are responsible for 65% of new job creation. In our opinion, there’s nothing “small” about that. Many financial institutions (FIs) disregard small business owners despite these statistics. Only 25% of small-to-medium sized businesses (SMBs) have awarded relationship managers a “very good” rating since COVID-19, according to
Even before the pandemic hit, sectors like retail, gaming or e-healthcare moved quickly to embrace the speed, convenience and experience of digital services – led by technology pioneers like Amazon or Google. Despite the availability of online tools and support via apps or chatbots, traditional banks and financial institutions have traditionally encouraged consumers to visit
