Election season just took a new (possibly controversial) twist... Apparently, betting on who will be the next president is legal now. And it’s happening on Robinhood: https://lnkd.in/eYheJVF4 Users can trade candidate contracts with the race between Donald Trump and Kamala Harris down to the wire. Just a tip from your friendly tax professional: Any winnings are considered taxable income and should be accounted for when you file your 2024 taxes. Will this add a fresh perspective to the election…or blur the lines between finance and politics?
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Taxpayers! It’s an election year and tax laws could soon change. To stay ahead of the curve, check out these saving strategies used by wealthy investors inside this FREE guide. And don’t wait… read now before they vanish forever.
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This upcoming election holds substantial implications for the payments and financial services sector. The industry faces potential transformations driven by regulatory adjustments, evolving consumer trends, and fresh governmental measures. Critical concerns like the governance of digital currencies, the enactment of consumer safeguarding statutes, and the implementation of economic revitalization strategies will play a pivotal role in defining the sector's trajectory in the coming quadrennial period. This juncture demands active participation and vigilance from all stakeholders to navigate the evolving landscape effectively.
A Crucial Crossroads: The 2024 U.S. Election and Its Implications — Point Monarch
pointmonarch.com
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Scammers are constantly trying new tactics to steal information, identities and money. With tax season upon us, it is important that we are all aware of the latest tax scam. Here is what you need to know in order to protect yourself: https://lnkd.in/d8JWMfCh
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Ahead of the U.S. #election tomorrow, the firm has published a guide on possible election outcome ramifications for the #financialservices industry. Authored by lawyers in our Antitrust, Banking, Data Strategy and Security, M&A and White Collar Groups, the guide touches on questions from each of those angles. See the key takeaways and full guide below. (1) Although neither candidate has focused on financial services, Trump almost certainly would have a more significant impact on the status quo than Harris, although both appear more favorable to crypto than the Biden Administration. (2) Regardless, the new Administration will be able to replace many key personnel. In the regulatory sphere it is often the case that “personnel is policy”. (3) The new Administration could issue Executive Orders on day one, and, if Trump is elected, he may revoke prior Biden Executive Orders. (4) The new Administration will be shaped by less agency deference by the judiciary in light of?Loper Bright, including new uncertainty if prior rulemakings are invalidated by the courts. Gregory Lyons, Andrew Ceresney, Satish Kini, Helen Cantwell, Charu Chandrasekhar, Courtney Dankworth, Erez Liebermann, Gordon Moodie, Jeff Robins, Kristin Snyder, Caroline Swett, Ted Hassi, Patrick Fuller, Chen Xu, Benjamin Collins-Wood, Alexandra Mogul, Taylor Richards, Brynn D'Avanzo
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Did You Know? ?? Fraud & Tax Season? ?? Scammers love tax season. It provides them with the opportunity to trick people into revealing their personal and financial information. And every year, scammers come up with new ways to scam taxpayers. To keep yourself safe, read about the latest scams and what you, and we, can do to help: https://lnkd.in/gzCikfN6
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2024 US Election & Due diligence? According to a recent Financial Times newsletter article, titled Betting on Trump, Wall Street had significant stakes in the US election, with private equity giants hoping for the 2017 tax breaks to stay on, banks seeking to loosen capital and liquidity rules, and dealmakers hoping for restrained antitrust regulation. The return of Donald Trump and possibly Republican control of both houses of Congress could fulfil these desires, paving the way for a 1980s-style golden age for deals largely driven by the marriage of Wall Street and Silicon Valley. If this is true, and with Trump in the White House, this is a very likely scenario, the M&A flood will soon start. But deregulations or loose regulations can also mean exposing deals to criminals. This is where high-level due diligence can help both sides. Garancie’s enhanced due diligence can help investors safeguard their investments so that the target companies are safe to invest in. On the other hand, if you are a startup?and wondering who your potential investors are, we can help identify their source of wealth and their track record. Link to article on Garancie website: https://lnkd.in/eFNB34c8 Source: https://lnkd.in/eu354UeN #DueDiligence #InvestigativeServices #RiskManagement #FraudPrevention #RiskMitigation
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Tax season is here, a time to settle up with Uncle Sam. But beware, amidst the paperwork and calculations, there are those who seek to exploit. Scammers lurk, offering false promises and fake assistance. In this digital age, it's vital to stay vigilant. Remember, the IRS communicates primarily through mail and won't demand immediate payment or threaten you. Be cautious of 'free money' schemes and always verify before sharing personal information. Let's protect ourselves by setting up our IRS Online Account and keeping financial data secure. Stay alert, stay safe this tax season. #TaxScamAwareness #StayAlert #ProtectYourself
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Tax scams are becoming more prevalent, targeting both individual taxpayers and small businesses. Our latest blog post explains how to recognize and avoid these fraudulent schemes. Protect your financial future by staying informed. #TaxScams #TaxAdvice #SmallBusiness #HeritageTax
Beware of Tax Scams: How to Protect Yourself and Your Business - Heritage Tax Company
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Stay one step ahead this tax season with these crucial tips to help protect yourself and your loved ones from tax scams and fraud. Share with your friends and family, and always trust your instincts – if something seems suspicious, report it immediately. Learn more: https://lnkd.in/gE44H5u3
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Stay one step ahead this tax season with these crucial tips to help protect yourself and your loved ones from tax scams and fraud. Share with your friends and family, and always trust your instincts – if something seems suspicious, report it immediately. Learn more: https://lnkd.in/eKXMfUvT
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