Reminders from IRS Publication 509 Payment of deferred employer share of social security tax from 2020. If the employer deferred paying the employer share of social security tax or the railroad […]
There are a number of factors that have contributed to the volatility in the cryptocurrency market in the past month. One factor is the ongoing uncertainty in the global financial markets. The war in Ukraine and the rising inflation have caused investors to become more risk-averse, and this has led to some selling pressure in the cryptocurrency market.
The Federal Reserve is currently working on the FedNow banking system, a real-time payment platform aimed at expediting money transfers between banks. Anticipated in 2023, its potential repercussions on the DeFi realm is noteworthy. The introduction of FedNow might pose challenges for DeFi initiatives, as the system could empower regulators with enhanced monitoring capabilities over DeFi transactions. Consequently, DeFi projects may encounter heightened regulatory scrutiny, leading to potential operational hurdles.
Hey, y'all! The cryptocurrency industry has been going through some serious changes recently, all thanks to the US Federal Government. Yep, they've been updating their regulatory approach, and it's been causing a few issues.
First, in March, the Biden administration dropped an executive order about responsible development of digital assets. They want a coordinated approach to regulating cryptocurrencies, and they also see the potential benefits of digital assets for financial inclusion and economic growth.
Stay Informed: The Impact of Beneficial Ownership Information Reports on Your Business! As a business owner, it's crucial to understand the significance of a Beneficial Ownership Information Report (BOIR). These reports outline your business's ownership details and can greatly affect your operations. From ensuring compliance with anti-money laundering laws to managing relationships with financial institutions, having an up-to-date BOIR is essential. Don't get caught unaware; learn how the BOIR can impact your business, potential penalties for non-compliance, and the importance of maintaining transparency in your business's ownership structure. Stay ahead of the curve by understanding your obligations and how to navigate the complexities of BOIRs.