Cryptocurrency Part 2: Currency in Computer Code
As we previously discussed, cryptocurrency experts and investors alike believe that one day tokens will be a widely accepted form of recognized currency. In this new era, you would be able to make purchases and earn your income in tokens like Bitcoin. I know what you’re thinking; a single Bitcoin is worth over $39,000 (as […]
Introduction to Cryptocurrency
By now, no doubt you have heard about some form of cryptocurrency tokens; Bitcoin, Ethereum, Litecoin, and even Dogecoin made a cameo on Saturday Night Live recently. These cryptocurrencies all have wildly different prices, but the underlying technology of these tokens is the same type of computer code that acts as a digital ledger that […]
IRS Trust Fund Recovery Penalty
If you have the duty to collect and pay employment taxes, this article is a must read. Every time an employer pays an employee, they withhold a percentage for contributions for Medicare and Social Security, also known as FICA (Federal Insurance Contributions Act), and income tax. The income tax withholdings are known as Trust Fund […]