The introduction of cryptocurrency into society has radically changed the way many individuals think about banking. You’re now able to become your own bank and hold Bitcoin in a wallet on your PC or phone. This new form of currency has also made it possible to quickly and conveniently send funds to a family member or friend residing in another country.Read More
If you are like most people, you have undoubtedly already considered investing in Bitcoin. Cryptocurrencies are all the rage right now, and just about every investor could potentially profit substantially from investing in Bitcoin. Even so, most people don’t have any clue when it comes to actually investing in cryptocurrencies. Many people are still under the impression that it requires a lot of technical expertise to do so, but this has changed in recent years.Read More
Technology has virtually made its way into every aspect of our daily lives. More than ever, technology has made it convenient and seamless in the ways we work, shop, eat, and more. The financial industry has also embraced the digital society, providing mobile banking services. The rise of cryptocurrencies like Bitcoin and Ethereum are now the modern world’s new type of money, providing an even more convenient and faster way of transacting. Today, we will discuss 2 types of technology that make it easy to transition to using cryptocurrencies as your new form of money.Read More
According to the SEC, accredited investors are those individuals with sufficient financial ability or means to endure investment loss risk or fend for themselves financially in such a manner that they need not be protected by the registration process of the Securities Act. There are several types of individuals and entities that qualify as an accredited investor under Rule 501 of Reg D, and we will focus here on the qualification requirements for two prominent categories of investor – those individuals with high income or high net worth.Read More
Like many other areas of tax law, the IRS has placed Section 179 deduction limitations to ensure no business can take improper advantage of the deduction. The purpose of tax deductions is to make it appealing for businesses to make improvements by promising a financial break on taxes to make up for some of the cost of making those changes to the business. However, it is important for any business to learn about the limitations to ensure they can make the most of the deduction without going overboard.