How Income Tax Works
By: Pamela Martinez, JBS Corp. There are four major taxes imposed on an individuals’ income: Federal (IRS), State & Local, Social Security, and Medicare. Social Security and Medicare are taxed at a flat rate of 15.3% (split 7.65% each between employee and employer, paid entirely by self-employed individuals); state/local taxes are dependent on your state/city […]
Things to Know Before Starting Your Own Business
By: Pamela Martinez, JBS Corp. That’s it; Its time! We’ve told you why a recession can be the best time to start your business and listed common mistakes small business owners make. Now that you’re serious about getting your side-hustle up and running, it’s due time we go over a few things you should do/know before starting your own […]
Retirement: The Origin Story
By: Pamela Martinez, JBS Corp How it all Started From a young age, retirement is sold as the ultimate goal in the American dream. We are told to go to school, work hard, and, most importantly, save so that we’ll have enough money to retire and embark on the leisure activities we’ve been longing for. Be that […]
The Books that Changed Our Lives
By: Pamela Martinez, JBS Corp. & Rob Aquino, CFO Many Americans have made the best of being quarantined by picking up new hobbies and learning new things. Now that you’ve baked your banana bread and mastered whipped coffee, it’s the time to pick up a book that will contribute to your personal and financial growth. […]
10 Things You Should Know Before Investing in Real Estate Property
By: Pamela Martinez, JBS Corp. Investing in real estate property is among the most popular ways people acquire assets to build their wealth. Although this is a popular form of earning passive income, there is a thin line between assets and liability, which is why it’s crucial you know the following 10 things before you invest […]
Common Mistakes Small Business Owners Make
By: Pamela Martinez, JBS Corp. In May, we released an article that briefly touched upon why a recession can be the best time to start your business. As we continue to fall deeper into the recession, more and more Americans are being laid off or furloughed from their jobs. And collecting unemployment can only provide so […]
Tax Avoidance vs. Tax Evasion
By: Pamela Martinez, JBS Corp. In a typical year, tax season runs from January 1st to April 15th; however, due to the COVID-19 pandemic, the 2020 Tax season was extended to July 15th. Now that Tax Day has come and gone, we want to discuss the differences between tax avoidance and tax evasion. The two strive for […]
Concepts Every Investor Should Know
By: Pamela Martinez, JBS Corp. Many of the articles we’ve shared mention investing as a means of building wealth. Before we release you into the world of investments and the stock market, we want to assure that you are equipped with what investment guru Warren Buffet considers the key concepts every investor should know: Interest Rates, Inflation, and […]
There’s Nothing Passive About Building Wealth
By: Pamela Martinez, JBS Corp. Finance is a complex and multifaceted field that dictates most of the decisions we make throughout our adult life. Yet we are left to figure it out on our own—which is why we are here. Everyone wants to be wealthy, live a carefree lifestyle, and not worry about how they […]
Hertz Rental Car – Investors Beware
Why it is important, now more than ever, to understand financial accounting. By: Pamela Martinez, JBS Corp. & Rob Aquino, JBS Corp. The U.S. is officially in a recession. On June 8th, 2020, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) reported that the peak in the U.S. economy in February 2020 “marks […]