New Law Brings Great Relief for Californians
BY Admin | March 1, 2021 After years of having homestead laws that were supposed to protect the homeowner, the state of California has finally decided to play the game with the right game piece. State homestead exemptions give protection, up to a certain dollar amount, to a debtor, to protect a home and its equity from seizure by a judgment…Trader Tax Status: Definition & How To Qualify
BY Admin | January 10, 2023Trader Tax Status (TTS) is a highly sought-after qualification by most day traders. It imparts many financial benefits, such as the ability to write off losses, employee benefit deductions for retirement plans, and business expenses. However, TTS cannot be elected by any individual trader or tax professional. The Internal Revenue Service (IRS) will have to…
The Four Different Types Of Tax Planning Explained
BY Admin | January 8, 2023Tax planning involves analyzing a financial situation to maximize tax efficiency in order for you to pay the lowest taxes possible. Hence, it aims to lower your tax liabilities by utilizing all tax exemptions, benefits, and rebates available to you. Here at Protect Wealth Academy, our objective is to empower your financial decision-making by informing…
Take Control Of The Future – Teach Your Teens About Finance
BY Admin | January 6, 2023Financial experts say that American teenagers are lacking knowledge about finance and have much to learn in that aspect. A survey found that despite the fact that 88% of teenagers aim to own a home in the future, many are clueless about information about home ownership and managing finances. The problem of this financial illiteracy…
How To Use The Legal Cloak Of Invisibility To Protect Your Assets
BY Admin | January 3, 2023In the Harry Potter movies, the cloak of invisibility allowed Harry and his friends to explore their school without being seen. Similarly, the real world offers this to prevent disclosure of your information to public record, which is by simply having an anonymous trust. With that said, many business owners, celebrities, and even law enforcement…
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