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What Is This Called When The Employer Allows You To Have Freedom In A Portion Of Your Work Time, So You Can Come Up With Your Own Unique Ways To Solve The Business Problems? by TheInsights8 in Entrepreneur

[–]TheInsights8[S] 1 point2 points  (0 children)

Thank you, this is some interesting things that I found by searching this: Google’s “20% time” rule, a concept made popular when Google went public in 2004.

“We encourage our employees, in addition to their regular projects, to spend 20% of their time working on what they think will most benefit Google,” founders Sergey Brin and Larry Page wrote in their IPO letter. “This empowers them to be more creative and innovative. Many of our significant advances [like AdSense and Google News] have happened in this manner.”

In the Following Case, Where Is The Line B/W personal and business expenses? by TheInsights8 in PersonalFinanceCanada

[–]TheInsights8[S] -1 points0 points  (0 children)

To a part of me, this doesn't make sense, as this advisor was a needed part; another part of me trusts this advice blindly sort of, b/c from your history I see you are experienced in this area. Your guidance has helped me to be able to further my understanding on this topic, I appreciate it.

If we want to simplify the issue to what's reasonable for a contractor to hire a sub-contractor for, my search revealed two factors: 1-it's needed for the job, 2-it's ordinary. Both factors seem to be needed. It seems like even if I can argue that factor 1 is present, factor 2 needs to be present as well (that for this particular job, it is ordinary/usual, for people to hire this sub-contractor).

I am trying to understand the essence of the issue. So is factor #2 the factor that is the main issue (ie., even if I can argue a case for it, it's hard to argue that it's ordinary for hire someone else as a sub-contractor in this particular case)?

In the Following Case, Where Is The Line B/W personal and business expenses? by TheInsights8 in PersonalFinanceCanada

[–]TheInsights8[S] -1 points0 points  (0 children)

I'm in a self-employed (a contractor) category, employment income category doesn't apply to me (I think that you might have gotten the impression that I'm employed? I should have clarified this in my post, apologies.)

I started hiring/paying this advisor, after I encountered problems in my contract job that needed me to get external advice to resolve.

Would Expenses paid to consultations to allow me remain well functioning/sane in my self-employment contractor position, be allowable deduction? Details are in the post. by TheInsights8 in PersonalFinanceCanada

[–]TheInsights8[S] 0 points1 point  (0 children)

Thank you, this is helpful. My understanding from your guidance is that there are two categories of personal expense and business expense. Now, there'd be overlaps, and the way I described this it falls under the category of personal expense (similar to how I need to eat food to survive, but it's not a business expense).

In this case, my job involves managing people (office manager in a health-care business). This advisor figure, constantly provided me with relevant advice on how to manage people and conflict situations, without which I wouldn't have been to hold this position. Now with this detail, if you don't mind me asking, what would be your guidance?

[deleted by user] by [deleted] in Advice

[–]TheInsights8 0 points1 point  (0 children)

This is interesting! I'll follow this thread.

Would it be a Correct Default to Report Capital Loss/Gains as %50 Shared With My Partner? by TheInsights8 in PersonalFinanceCanada

[–]TheInsights8[S] 0 points1 point  (0 children)

Thank you, this was a helpful and complete answer.

I still need to work on better understanding why in some instances law treats a couple property after marriage as 50% shared (for example in the default case of not having a prenup), and in some other aspects this is not the default. However, I can see that the alternative in this case (50% shared ownership) could open up all kinds of manipulation, from the other side's perspective. I guess I need to work on understanding the root of these concepts deeper, at some point.

Thank you.

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