The idea of cryptocurrency taxes might make you cringe, but it’s not as bad as you think. Unless you plan on hiding your cryptocurrency gains from the government and hoping they don’t find out, you will need to report them as additional income on your taxes. Moreover, because many crypto transactions take place in a sort of “gray area,” reporting them correctly is essential if you want to avoid an audit and possible fines. Deciding whether Taxes Are Due for Your Crypto Transactions The Internal Revenue Service (IRS) sees cryptocurrency as property, not currency. This means that if you receive …
Category: Finance
Tips for Managing Your Budget in an Uncertain Economy
When the economy is uncertain and businesses struggle, consumers tighten their belts. These are mostly felt on small communities which you can learn as well by reading. To manage costs and make ends meet, many people reduce their spending on nonessential items such as clothes, vacations, eating out, alcohol, and gifts. Some may even have to cut back on necessities such as groceries or utilities. Managing your budget in an uncertain economy takes a little planning and discipline but can be done with these tips. Know where Your Money Goes Before you can make any changes to your budget, you …
Why Being a Major in Finance is the Key to Winning Your Campaign?
If you are considering running for a city council seat, school board position, or another local role, you may be wondering what your best options are. The good news is that there are many careers that can put you in an excellent position to run for office. A major in finance, for example, can be very helpful in a campaign. Why? Let’s take a look at why being a major in finance is the key to winning your campaign. Understanding Local Economies If you have studied economics or have a minor or certificate in the subject, this will also be …
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- How to Legally Protect Your Business During a Financial CrisisA financial crisis—whether triggered by a recession, market downturn, or global event—can shake any business to its core. While focusing solely on cash flow and cost-cutting is tempting, legal protection is just as crucial. You could face lawsuits, penalties, or regulatory issues without proper precautions. Working with experienced attorneys in Orlando, Florida can help ensure […]
- How Politics is Shaping the Global EconomyPolitical Decisions Impact Financial Markets Political decisions have a significant effect on the global economy. From changes in trade policies to government regulations, political shifts can drive economic growth or cause stagnation. The Role of Trade Policies Trade policies have become a hot topic in recent years. Governments are increasingly focused on securing advantageous trade […]
