Archives 2023

Tom, a freelance carpenter, faced an IRS audit over his business expenses. By leaning on his right to retain representation, Tom hired a tax professional who presented his case clearly. The audit ended with Tom owing nothing extra, proving how taxpayer rights can level the playing field. Maria, a single mom and part-time barista, got a letter from the IRS saying she owed $5,000 due to a mistake on her tax return. Then she learned about her taxpayer rights, specifically the right to challenge the IRS’s how is sales tax calculated position.

Comprehensive Guide to Forms 1095-A, 1095-B, and 1095-C

Tax collection and enforcement procedures taxpayer bill of rights should be documented clearly and simply, and provided to the affected taxpayers. Taxpayers should be given appropriate notice, and reasonable time to comply with demands for payment before enforcement measures are taken. Except in special circumstances, the taxpayer should be informed before the search or seizure occurs. Searches should take place during normal business hours or by appointment, unless the circumstances are exceptional. There should be specific statutory authorization for tax audits and investigations, specifying reasonable and proportional limits. Choice of taxpayers for audit should be reasonable and non-discriminatory.

If you feel we have not respected your right to be represented by the person of your choice

These include guidelines for CRA employees on how to treat taxpayers with professionalism, accuracy, and fairness. Training is provided to staff to ensure they are aware of taxpayer rights, and the CRA conducts regular assessments of its own processes to maintain high service standards. Each of the 16 rights addresses specific aspects of taxpayer interaction with the CRA, from filing returns to resolving disputes. They ensure that every taxpayer receives fair treatment regardless of their financial standing or the complexity of their tax situation.

• You may authorize a representative (like a tax lawyer or accountant) to handle your tax matters with the CRA.
• The homepage of the CRA’s internal website, InfoZone, does not contain a hyperlink to the Taxpayer Bill of Rights or a hyperlink to any information on it.
• Performance against the Charter is monitored by specific service standards, customer surveys and other data, linked to wider HMRC performance measures.
• As a taxpayer, you should not have to pay more than what you legally owe in taxes.
• Canadian taxpayers have formal rights that have been set out in the CRA Taxpayer Bill of Rights.
• It is important to note the term “taxpayer” is not limited to persons who pay tax, but includes any person regardless of liability to pay tax.
• Taxpayers have the right to be informed of any issues regarding their tax returns, and ignoring these notifications undermines that right.

GUIDELINES

While these circumstances are ideal, there may be unexpected security breaches to be aware of. You have the right to know the timeframes for challenging IRS positions and auditing procedures. Generally, the IRS can audit your tax return only once for a https://desite.in/seeodissi/what-is-ach-charges-in-sbi-bank-its-benefits/ given tax year, and you should be informed when the audit concludes.

Understanding State Tax: Comprehensive Guide on Taxes by State

The ombudsman should have the power to make orders to protect taxpayers and to report to a party independent of the government with some powers of action, such as parliament. (c) Taxpayers should have the right to pay only the amount of tax required by law. Taxpayers that overpay tax should be entitled to a full refund with interest. Revenue authorities should be under an obligation to inform taxpayers if they find that they are entitled to tax relief, deductions or refunds that the taxpayers have not claimed. To provide accurate information to the Revenue authorities taxpayers should keep reasonable contemporaneous records of their financial transactions.

Medical detox allows individuals to withdraw safely under the supervision of healthcare professionals who manage symptoms and prevent complications, including seizures or respiratory distress. The Fenty Fold is both a warning sign and a cry for help, signaling a critical stage of opioid dependence that puts individuals at constant risk of overdose. Bergen County, NJ had 122 confirmed drug overdoses due to fentanyl in the most recent official reporting period, according to the New Jersey Office of the Chief State Medical Examiner in 2025.

• From Xanax to cocaine, drugs or counterfeit pills purchased in nonmedical settings may contain life-threatening amounts of fentanyl.
• From May 2020 to April 2021, more than 100,000 Americans died from a drug overdose, with over 64 percent of these deaths due to synthetic opioids like fentanyl and its analogs.
• An 11-month-old girl swallowed a blue tablet she found while crawling around a new apartment.
• If you have been using this medicine regularly for several weeks or more, do not change your dose or suddenly stop using it without checking with your doctor.

Moreover, fentanyl’s severe impact on respiratory function contributes to this behavior. The drug can cause significant respiratory depression, leading to dizziness and lightheadedness. In an attempt to stabilize themselves and improve breathing, users might bend over involuntarily. Nearly 108,000 persons in the U.S. died from drug-involved overdose in 2022, underscoring the critical need for awareness and effective treatment interventions.

How Do People Take Fentanyl?

• These signs mean their body isn’t getting enough oxygen, which can lead to brain damage or death if not treated promptly.
• There are two types of fentanyl – pharmaceutical fentanyl and illegally made fentanyl.
• These effects may include confusion, drowsiness, nausea, visual disturbances, constipation, muscle stiffness, and many others.
• A fentanyl overdose can occur after the drug is injected, swallowed, snorted, or smoked.

Immediate medical attention is crucial in such cases to prevent fatal outcomes. Some observers note that this spectacle—often witnessed on the streets or on public transit—looks like a scene from a dystopian world. It’s a stark reminder of how substance abuse can visually manifest in daily life. If nothing else, it puts into perspective the ongoing crisis where potent substances like fentanyl contribute heavily to overdose deaths. Fentanyl bending over, or “Nodding Off” often also includes “wobbling” or “teetering” which can often appear as a rocking motion. This rocking can range from mild to quite severe as individuals struggle to regain balance as their bodies succumb to the extreme sedative effects of Fentanyl on the central nervous system.

Users who are not accustomed to opioids may experience intense and dangerous side effects, even with small amounts. With fentanyl being found in unexpected places, many people worry, what if you touch something that has fentanyl on it? While casual skin contact is unlikely to cause an overdose, fentanyl exposure through inhalation or mucous membranes poses serious risks.

Residential Treatment

If you have naloxone (Narcan), use it right away by following the instructions on the package. Usually, this means spraying it into their nose or injecting it into their muscle. After giving naloxone, put the person on their side in the recovery position to prevent choking if they vomit. Stay with them and be ready to give another dose of naloxone if they don’t wake up, as fentanyl is so strong that it often requires multiple doses.

Medical Professionals

After you’ve taken an opioid like fentanyl for a long time, your brain gets used to the drug. This means your tolerance goes up and it takes more of it to get the same effect. You also have trouble feeling pleasure from anything besides the drug. Fentanyl patches pose a danger to kids who can stick them on their skin or mouths.

Combat medicine

While more nationwide prevention efforts and reduction strategies are needed to combat the opioid epidemic, prevention can also start in the home. If you or a loved one is struggling with a fentanyl addiction, help is available. Inpatient treatment can provide you with a safe environment where you can detox and learn the tools necessary for a healthy recovery. Contact a treatment provider today to learn more and begin your healing journey. Additionally, doctors and addiction professionals think the fold is also connected to the central nervous depression caused by opioids. After using fentanyl (usually in large amounts), people enter a state of slowed consciousness (nodding out), where their bodies and brains are functioning at a depressed level.

If using fentanyl under a doctor’s care, communicate openly with them about any concerns. If using fentanyl on your own, understand the dangers and seek professional treatment to help you quit. If a patient is taking this drug on a prescription basis, they need to communicate immediately with their physician if they experience any adverse effects. The physical and mental effects of fentanyl vary depending on how it is used. Keep a written list of all of the prescription and fentanyl stance nonprescription (over-the-counter) medicines, vitamins, minerals, and dietary supplements you are taking.

When People Go All In: Audacious Acts That Shocked and Moved Us

Fentanyl induces extreme muscle relaxation, making it difficult for users to hold themselves upright. This relaxation affects the central nervous system’s signals that control muscle tone. As a result, users may bend over or slump as their muscles lose strength and tone.

Illegally made fentanyl

For instance, there have been reports of purple fentanyl, a form of the drug mixed with various substances that create a distinctive color. This contamination increases overdose risk because users may be unaware of what they are consuming, including potent substances like carfentanil. Understanding what is carfentanil—a substance even more powerful than fentanyl—helps illustrate the lethal danger of opioids. While using fentanyl, you should talk to your doctor about having a rescue medication called naloxone readily available (e.g., home, office). Naloxone is used to reverse the life-threatening effects of https://meganlane.ca/deciding-to-share-your-recovery-story/ an overdose. It works by blocking the effects of opiates to relieve dangerous symptoms caused by high levels of opiates in the blood.

In an emergency? Need treatment?

The rise in use and overdoses are described as well Twelve-step program as some of the reasons for these changes. Implications for overdose prevention and initiating treatment with medications for opioid use disorder are described. In 2020, over 80% of the fentanyl police confiscated with in tablet form. Police evidence that looked like black tar heroin actually was heroin in 95% of cases, suggesting that fentanyl was rarely in “heroin” in 2020. See the impact of fentanyl and other synthetic opioids on drug overdose deaths.

National Coalition Against Prescription Drug Abuse

After you talk with your doctor, you will sign a form acknowledging that you understand the risks of using fentanyl and that you will follow your doctor’s instructions to use the medication safely. Your doctor will give you more information about the program and how to get your medication and will answer any questions you have about the program and your treatment with fentanyl. There are two types of fentanyl – pharmaceutical fentanyl and illegally made fentanyl. In a medical setting, people take prescribed fentanyl for severe or chronic pain.

This tool is used by both employees and employers to estimate paychecks and ensure compliance with tax regulations. By entering income details, filing status, and deductions, users can see an accurate breakdown of their expected earnings. The other type of deductions is then considered to be voluntary deductions. There are a wide array of voluntary deductions that can be taken out of an employee’s gross pay, some of which are taken out before taxes and some being taken out after taxes. Pre-tax deductions are deductions that are taken out of an employee’s gross pay amount before it is subject to tax. Since pre-tax deductions are taken from an employee’s gross pay before taxes are applied, it also reduces the amount of taxable income for that employee.

Adp Salary Paycheck Calculator

This tool is essential for businesses to manage payroll efficiently and ensure compliance with tax regulations. Employees can also use it to understand their take-home pay and plan their finances accordingly. Understanding the difference between gross pay and net pay is crucial for both employees and employers. By automating the complex tax calculations, the ADP Paycheck Calculator saves time and prevents manual errors in payroll processing.

Calculating Gross vs. Net Pay with ADP

It provides a detailed breakdown of salary, including federal and state tax withholdings, benefits, and other payroll deductions. The ADP Paycheck Calculator is an essential tool for employees and employers looking to accurately estimate payroll deductions and take-home pay. With its user-friendly interface, real-time tax updates, and precise calculations, it simplifies payroll processing while ensuring compliance with federal and state tax laws. By law, employers must withhold payroll and income taxes from employees’ checks and transfer them to several tax agencies.

State and Local Taxes in ADP Calculations:

• No one would call payroll taxes the easiest part of paying employees, but the right tools can make the process a little less, shall we say, taxing.
• However, the income tax rate varies from state to state, and some states do not have an income tax.
• The company also offers a bonus of two free months of service for new clients.
• Contrary to the employee portion, the employer does not pay to pay Additional Medicare Tax Withholding of 0.9% on wages earned above $200,000.

Our intuitive chat interface is simple — if you know how to text, you know how to run payroll with Roll. Let’s look at how small business owners like you can benefit from Roll’s modern technology and learn a bit more about how it all works. While most paychecks look pretty much the same, their delivery schedules can vary from business to business.

❓ Is it accurate?

ADP payroll is one of the most popular choices on the market for payroll software. If you elect to put more money into a pre-tax retirement account like a 401 or 403, for instance, you will save for the future while lowering your taxable income. So, while you will receive a smaller paycheck each month, you will actually get to keep more of your salary this way. If you’re an employee in Newark, it’s important to know that while the city has a 1% payroll tax, it applies to employers, not workers. Your employer uses the information that you provided on your W-4 form to determine how much to withhold in federal income tax each pay period. The ADP Paycheck Calculator determines payroll taxes by applying federal and state tax rates based on the IRS tax tables and local regulations.

State and local tax withholding

Gross pay is the full amount of money earned before any taxes or deductions are taken out. Net pay, on the other hand, is the amount of money taken home after all taxes and deductions have been accounted for. How often an employee gets paid (aka pay frequency) impacts budgeting, cash flow, and overall financial planning. Consider employee preference, business needs, and legal requirements when deciding pay scheduling.

• Use Gusto’s salary paycheck calculator to determine withholdings and calculate take-home pay for your salaried employees in California.
• The employee payroll login includes a paycheck calculator and instant access to employee handbooks, and benefits calculators.
• The ADP Paycheck Calculator is particularly useful for new hires, job changers, and freelancers who need to estimate post-tax earnings.
• It’s designed to handle various pay structures, tax laws, and deductions with ease.
• Payroll plays a major role in the internal operations of a business for several reasons.

But as an employer, you’re responsible for withholding the right amount in taxes from your employees’ paychecks—and the same thing is true of their bonuses. As an employer, you withhold these taxes from your employees’ wages each pay period and remit them to the IRS quarterly. Finally, some employees are eligible for exemptions from federal and state income taxes and FICA taxes . Check local, state, and federal laws around taxed benefits to ensure your business remains compliant. After the employee’s gross pay for a pay period is calculated, the employer must withhold FICA taxes , as well as federal and state income taxes from each paycheck. While income taxes are only paid by the employee, payroll taxes are paid not only by the employee but also by their employer.

Step 7: Calculate Results

If so, have that information on hand so you can deduct the right amount from your employee’s gross pay. Get an accurate read on your salaried employees’ withholding amounts and net pay using our free paycheck calculator below. Using take-home pay, calculate the gross that must be used when calculating payroll taxes. These calculators provide general guidance and estimates about the payroll process and should not be relied upon to calculate exact taxes, payroll or other financial data. If you have questions about tax withholdings or filing, contact your professional advisor or accountant.

The ADP Paycheck Calculator is a widely used tool designed to help employees and employers estimate net pay after accounting for taxes, deductions, and withholdings. Whether you’re an hourly or salaried worker, this calculator provides a quick and efficient way to understand your paycheck details. It’s much more complex to manually calculate hourly paychecks after taxes and deductions. Using an automated hourly paycheck calculator means you don’t have to worry about accidentally overlooking local, state, or federal tax code changes.

By considering all these deductions, the ADP Paycheck Calculator ensures paycheck accuracy and prevents underpayment or overpayment of taxes. When you’re a small business owner, the buck stops with you — but that doesn’t mean that you have to go it alone. When you use Roll’s payroll app for small businesses, you have 24/7 access to the help you need, when you need it, with live in-app chat support. If adp payroll calculator you calculate payroll manually using spreadsheets or a paper filing system, records may be at risk for theft, loss, or the accidental sharing of confidential data. With Roll, all of the information you need to complete your payroll processes and procedures is kept safe and private using ADP’s industry-leading safeguards. Payroll calculator tools to help with personal salary, retirement, and investment calculations.

The calculator provides estimates based on current tax brackets and standard deductions. Actual paychecks may vary depending on individual circumstances, additional benefits, and exact withholding preferences. Use Roll’s annual income calculator to calculate an employee’s yearly income after federal, state, and local taxes are deducted. You can also use the net pay calculator to get an accurate hourly, weekly or monthly pay estimate. You can also use ADP’s quick search tool to determine your state and local tax amounts. Employers withhold federal income tax from their workers’ pay based on current tax rates and Form W-4, Employee Withholding Certificates.

The buyer and the seller are interacting directly without an intermediary (like a bank or company). P2P transactions can be a lucrative way to cash your cryptocurrency out since you set your price and there are less fees. However, the process is much more involved than loading a debit card or selling on a centralized exchange. If you don’t need cash right away and want to sell on your own terms then this may be a good way for you to convert crypto into cash. These platforms offer a user-friendly, web2-like experience, simplifying the cash-out process without the need to manage crypto wallets or public keys.

Payment Platforms (e.g., PayPal, Cash App)

Your use or access to this website or platform does not guarantee the availability of any current and/or future offer, promotion, terms, loan, or return. All offers, promotions, terms, and loans are subject to availability and the sole discretion of Arch. We reserve the right to modify or withdraw any offering at any time without prior notice.

Overall, selling Bitcoin for cash with an online broker is best when you already hold the crypto assets on the platform. Unless you are in immediate need of cash, it is best to avoid Bitcoin ATMs for buying or selling bitcoin. Transaction fees range based on the provider and amount of bitcoin, but costs range from 5% to 20% of the transaction amount. These machines allow consumers to buy and sell bitcoin and store the coins and money in their wallets. Some of the most common Bitcoin ATM providers are Bitcoin Depot, Genesis Coin, and Lamassu.

• Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin.
• If you want to expand your investment portfolio to include digital assets, read this guide on how to get started in cryptocurrency.
• Cashing out your cryptocurrency involves careful consideration of various factors.
• At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million.
• These tools can generate necessary tax forms and help ensure compliance with tax regulations.

A Crypto Exchange provides the best combination of low fees (Best for Low Fees)

Exchanges like Coinbase and Kraken allow you to watch the prices rise and fall whats behind the meteoric rise in obscure cryptocurrency cardano based on demand, news, regulations, and other factors. Bitcoin (BTC) is one of the most popular crypto coins and the one most beginners start investing in. As you build up your crypto portfolio, you may want to cash out your bitcoin to diversify, pay some bills, or harvest your gains. Coinme’s ATM option provides the fastest access to physical cash when compared to other methods. Coinme’s mobile app guides you through each step of the process with clear instructions and an intuitive interface.

We’ll explore different options, discuss their advantages and potential pitfalls, and provide insights to help you make informed decisions. Some wallet providers and services now offer direct selling and bank deposit features within their platforms. These services simplify the process by handling both the Bitcoin sale and the bank transfer in one integrated experience.

What sets a Coinme-powered Bitcoin ATM apart from other Bitcoin ATMs is our convenient neighborhood locations, trusted brand partners, competitive fees, and ease of use. We’re confident you’ll find buying bitcoin at a Coinme location easier than ever, and from a familiar grocery store or pharmacy environment near you. Coinme-enabled ATM machines provide you with a physical receipt as proof of your purchase, but your crypto will be automatically loaded to your Coinme wallet! Most locations allow the purchase of up to $5,000 in bitcoin through ATM machines. All you need is your phone number and the cash you’ll use to buy your bitcoin.

What’s the best way of cashing out Bitcoin?

The catch with the best online brokers is that these platforms don’t allow you to transfer crypto into the brokerage. You must be holding your Bitcoin with the platform to be able to sell it for cash. This means that if you hold Bitcoin in a digital wallet or on a crypto exchange, you cannot move it to an online brokerage account to sell. The best bet is to use a platform like Binance.us or FTX.us to save on fees, and quickly cash out your crypto for dollars. The mobile apps make it easy to sell, and you can connect your bank account to transfer funds after the crypto is sold. After you’ve sold your bitcoin, you can transfer the money to your bank account or reinvest it somewhere else.

Methods to Cash Out Bitcoin & Crypto

• Coinme’s daily limits vary by verification level and state regulations.
• The process of cashing out Bitcoin has become more streamlined in recent years, yet it still demands a clear understanding.
• Peer-to-peer transactions may involve negotiation and may not always have explicit fees, but be aware of potential hidden costs or price discrepancies.
• Linked to centralized crypto exchange accounts, these cards allow seamless conversion of crypto to cash for purchases.

When selecting the best method, consider tax implications, fees, convenience, and security. By understanding these key points, you can effectively navigate the process of converting your cryptocurrency into cash and maximize your returns. These fees vary based on the method used and can range from a small percentage to higher rates for instant or convenient services. Minimum fees can be as low as a few cents for certain methods, while maximum fees can be significant, especially with instant cash-out options like Bitcoin ATMs or debit cards.

In other words, it provides for ownership rights as a physical asset or as a unit of account. Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas.

The gain or loss is calculated as the difference between the asset’s acquisition cost (basis) and its selling crypto comparator update price. Short-term capital gains (assets held for less than a year) are taxed at higher rates than long-term gains. This article aims to guide you through the various methods of cashing out cryptocurrency safely and efficiently.

Top 12 Cryptocurrency Books To Read For 2025

But if you need cash and don’t want to transfer your Bitcoin to an exchange, this is a decent option. Centralized crypto exchanges are one of the best ways to turn your Bitcoin (or other cryptocurrencies) into cash. With access to hundreds of coins, multiple supported fiat currencies, and low trading fees, exchanges offer the most flexibility when cashing out your crypto. Yes, withdrawal limits vary depending on the platform, user verification level, and payment method.

Bitcoin ATMs often charge higher fees than online exchanges, with rates ranging from 10% to 23% of the transaction amount. For instance, depositing $500 might incur fees up to $115, resulting in receiving Bitcoin worth $385. Adhere to these guidelines to navigate Paxful’s P2P marketplace effectively and ensure secure and successful cryptocurrency transactions.

Coinme’s daily limits vary by verification level and state regulations. For large transactions exceeding standard limits, exchanges with OTC (Over-The-Counter) desks or wire transfer options may be more suitable. Also, if you don’t like the thought of having to wait three days to cash out Bitcoin, you should consider using a peer-to-peer selling platform like Binance P2P or Bybit P2P. There was a great option like LocalBitcoins that paved the way to the current P2P platforms where you could sell Bitcoin for USD.

It’s recommended to consult with a tax professional or accountant who is knowledgeable about cryptocurrency taxation to curl command in linux with examples understand your specific obligations and reporting requirements. Taxes can get complicated, especially when it comes to crypto assets. Online brokerages typically have reasonable trading fees for selling crypto. For example, eToro charges a flat 1% trading fee to sell crypto, which is a fairly low rate. Robinhood does not disclose its crypto trading fees, but averages around 0.50% for crypto trades. Navigating the tax implications of selling cryptocurrencies requires careful consideration and adherence to relevant tax laws.

Over the years, FXTM has expanded its presence worldwide, earning multiple awards in areas such as customer service and platform technology. FXTM has carved out a strong spot in the online trading world with its range of account options and solid focus on client safety. Founded in 2012 and based in Cyprus, the broker gives traders access to 1,200+ CFDs plus real stocks. If you are a forex and CFD trader looking for a trusted broker, FXTM can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.

• This can obscure price action examination and make it harder to perform detailed technical analysis.
• Beginner traders have access to one of the most comprehensive educational offerings, consisting of a video library featuring dozens of videos and written content.
• Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
• These webinars cover a range of topics and frequently include live analysis, making them a great starting point for beginners.

The content covers a wide spectrum—from getting started with account setup, to mastering MetaTrader’s tools, to learning the basics of price action. The Acuity Signal Centre combines the best of both worlds—analyst-driven insights and AI-powered research—to deliver high-quality trading signals across a wide range of markets. Each signal typically includes clear entry and exit points, key support and resistance levels, and suitable stop-loss levels, along with a snapshot of overall market sentiment.

The costs depend on the account type, asset, and trading volume, where the commission-based option features the lowest trading costs starting from $4.00 per 1 standard lot in the EUR/USD down to $0.80. The three-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos,and ebooks for beginners and experts alike and podcasts. FXTM also maintains its FXTM Trading Signals service fxtm broker reviews for traders seeking actionable research. FXTM claims an average execution speed of approximately 71 milliseconds, setting a high bar for traders needing quick trade execution.

The economic calendar informs traders of upcoming economic and financial releases, which could stir price action and result in viable trading opportunities. FXTM produces highly informative market research in-house and incorporates data-driven content from Acuity. The materials include market analyses, featured trading ideas, and sentiment gauges. FXTM supports payments via bank wire, bank cards, local transfers, cryptocurrencies, and a variety of e-wallets.

Popular Content

Our experts have created these tables based on the fees applied to a standard account. We consider a standard account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either. The $7 commission for a standard lot on the Advantage Plus account compares well against industry standard commissions of competitors. For example, the Zero account with Fusion Markets comes with a $4.50 commission per round turn, which is, at present, considered the most competitive in the industry.

While this does not reach the highest end of what FXTM claims as an average, the speeds for market orders remain very competitive within the industry, indicating efficient order processing. An appropriateness assessment mandated by the FCA was necessary to set the account leverage. Another warned about cent-accounts where “10 USD shows as 1000 USD” – a potential psychological trap that can mislead beginners into risking more than they intended.

While no demo account can simulate live trading conditions, the options available at FXTM come as close as possible to doing so. I like the regulatory framework at FXTM, ensuring traders have access to competitive trading conditions and superior protection. FXTM is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim.

How do I open an FXTM account?

The account is available on MT4 and MT5 trading platforms too and its fee structure brings a spread basis. The spreads start from 1.5 pips with no commission charges as all Broker fees are included in the spread. The broker also provides a Demo Account which allows users to practice trading in a risk-free environment with virtual funds, simulating real market conditions. Additionally, FXTM offers swap-free accounts for eligible clients, particularly in regions where interest is not permitted due to religious beliefs.

Hi Amos, FXTM does not currently offer a bonus program with your deposit when founding your account. Whether you’re the type of trader that learns through visual or text-based mediums, FXTM has an option that caters to you. FXTM has a trust score of 60, based on its regulation, reputation, and reviews. When trading on an FXTM Pro Account, you can be assured that you’ll never be re-quoted or charged a commission.

• Client protection is robust, with segregated funds and negative balance protection.
• Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.
• The broker complies with strict financial standards, client protection policies, and transparency requirements.
• Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage.

The FXTM Trader is available as a mobile app that is designed for mobile smartphone devices running on Android and iOS. The platform allows traders to place orders anytime and anywhere from the convenience of their mobile handheld devices. FXTM is among the best forex companies in the world in terms of the services it offers. Features such as spread rates, leverage, account types, minimum deposit and trading platforms are pretty good. FXTM offers variable spreads tailored to different account types and trading preferences.

FXTM offers a variety of trading instruments, including FX ,Spot Metals,Index CFDs,Commodity CFDs,Cryptocurrency CFDs, Stock CFDs . It supports popular trading platforms and tools such as MT4, MT5, fxTrade, and TradingView. When comparing FXTM with competitor brokers, key features should be considered such as fees, platforms, asset variety, regulatory coverage, etc. Each broker has distinct strengths, and understanding these differences helps traders choose the most suitable option for their specific needs.

Does FXTM take Perfect Money?

One user claimed a +102% return in one month through an investment manager, though others cautioned about overly optimistic return claims. FXTM takes fund protection seriously, combining strict regulatory compliance, advanced encryption, and top-tier fund segregation. To open an FXTM Live trading account, the applicant can simply click on the orange “Open Account” button located at the top of the FXTM webpage.

Swap-Free Account Fees

This means traders can place stop-loss orders as close to their entry price as they want, allowing for much tighter risk management. In simple terms, it gives you more control over protecting your trades without unnecessary limitations. What really makes FXTM stand out from many competitors, though, is the access to 397 real U.S. stocks that can be traded commission-free, giving traders a genuine investing edge alongside their CFD trading.

Developing a robust client education program focused on regulatory protections and what they mean for traders could also empower clients and reinforce FXTM’s commitment to their safety. If you’re a more experienced trader who’s looking to take their trading to the next level, then FXTM’s market analysis is worth checking out. New traders are often overwhelmed with the sheer amount of information required to succeed in the markets.

FXTM offers swap-free trading on all the available live trading account options. The swap-free account is designed for clients of the Muslim faith who cannot receive or pay swaps due to their religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. The FXTM Advantage account, also known as FXTM standard account, is the most popular choice. Unlike the Micro Account, it has a minimum deposit of $500, and you can use USD, EUR, GBP, and NGN as the base currency.

FXTM Customer Service and Support

Established in 2011, the FXTM brand is a global leader in online trading, bringing the opportunities of financial markets to over 1 million customers from 150 countries. Its clients enjoy various competitive trading conditions, including tight spreads, zero deposit fees, lightning-fast execution, commission-free trading, and more. The minimum deposit required to start trading with this broker is $200.

The broker also steps up its game with its robust market research and no-restriction accounts. It runs on the ever-reliable MetaTrader 4 and MetaTrader 5, packed with analytical tools and chart setups. It also offers its own sleek all-in-one mobile app for trading on the go. The availability of dedicated customer support and helpful tools, such as trading calculators and signals, further makes FXTM an accessible choice for those new to trading. However, the actual deposit amount may vary based on the region, chosen payment method, and local regulations. Traders should carefully review the specific requirements for their preferred account type and ensure they meet the necessary conditions before funding their account.

Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both. FXTM does not offer services in several countries due to regulatory restrictions, including but not limited to the USA, Mauritius, Japan, Canada, and several others listed. Spot Metals swap fees are charged or credited like forex, depending on whether the position is long or short. On investing forums, FXTM’s copy trading platform (“FXTM Invest”) was discussed.

Chicken Road 2 is provably fair, allowing you to verify the randomness and fairness of each result. Always play within your means, take breaks as needed, and use the demo mode to practice strategies without risking real money. Responsible play ensures a fun and sustainable gaming experience. Start by selecting a reputable online casino that offers Chicken Road 2.

How Chicken Road 2 plays

• This unique feature keeps every spin fresh and exciting.
• The key to success is knowing when to push forward and when to pull back.
• With a 97% RTP and provably fair outcomes, every round is both transparent and exciting.
• Their games are easy to pick up but offer enough challenge to keep players engaged for hours.
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Winning strategies

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Поступил в университет Куинс в Кингстоне, где обучался с 1989 по 1991 год. Затем перевёлся в Пенсильванский университет, чтобы изучать бизнес и физику. Получил степени бакалавра экономики и бакалавра физики3132. В 1995 году поступил в Стэнфордский университет, чтобы получить PhD по прикладной физике и материаловедению. Однако его поступление совпало с интернет-бумом, и, чтобы принять в нём участие, Маск покинул Стэнфорд всего через два дня после поступления.

• По его словам, МКС «выполнила своё предназначение» и «дополнительной пользы от неё очень мало».
• В 2004 году Илон Маск присоединился к компании Tesla Motors, став инвестором и председателем совета директоров компании, а в 2008 году – ее генеральным директором.
• Тем не менее, есть еще надежда, что такие неполадки будут исправлены, и электромобиль все же покорит фанатов Илона Маска и американские дороги.
• В 2001 году компания, окончательно переименованная в PayPal, благодаря стратегии Маска значительно продвинулась в развитии бизнеса.
• Спелеолог Верн Ансворт, сыгравший одну из ключевых ролей в спасательной операции, раскритиковал это предложение, назвав его рекламным трюком, и грубо высказался в адрес Маска.
• Также в конце 6-й серии 1-го сезона сериала «Детство Шелдона» Маск сидит за столом и читает конспект юного Шелдона216.

12 ноября 2024 года избранный президент США Дональд Трамп назначил Илона Маска и предпринимателя Вивека Рамасвами руководителями нового Департамента эффективности государственного управления, которое должно побороть бюрократию. Аббревиатура нового подразделения (DOGE) совпадает с названием криптовалюты Dogecoin, которую продвигает Маск113. В 2016 году при 45-м президенте США Дональде Трампе Илон Маск был введён в состав Президентского Форума по стратегии и политике. Это сообщество состояло из шестнадцати авторитетных представителей бизнеса, в чьи функции входила выработка для президента рекомендаций по проблемам экономики, занятости, роста производительности труда и иным вопросам. Маск покинул данный форум спустя год, не согласившись с решением Трампа вывести США из Парижского соглашения959697.

PayPal

Тогда же бизнесмен привлек для покупки Twitter от различных инвесторов до $7 млрд. Крупнейшими стали The Lawrence J. Ellison Revocable Trust, выделивший $1 млрд, и Sequoia Capital, вложившая $800 млн. Также среди крупнейших инвесторов значилась криптобиржа Binance, которая выделила $500 млн. Илон Маск — бизнесмен, основатель компаний Tesla и Space X, владелец социальной сети X (бывший Twitter), богатейший человек мира по данным Forbes на апрель 2025 года (состояние — $342 млрд).

Поддержка Трампа в президентской кампании — 2024

Поступил в Университет Куинс в Кингстоне и через два года перевёлся в Пенсильванский университет, где получил степень бакалавра по экономике и физике. В 1999 году компания была приобретена Compaq за 307 миллионов долларов. В том же году Маск стал соучредителем онлайн-банка X.com, который в 2000 году конгломеративным путём консолидировался с Confinity и образовал PayPal. В 2002 году компания была куплена eBay за 1,5 миллиарда долларов. Bloomberg в начале ноября 2021 года оценил состояние Маска в $340 млрд, а в конце 2022-го, по оценке агентства, предприниматель стал первым человеком, потерявшим $200 млрд. Тогда Маск снова опустился на вторую строчку в рейтинге агентства.

• Второй по величине поставщик солнечной энергии в мире тоже принадлежит миллиардеру, но, справедливости ради, в его создании поучаствовали и двоюродные братья Маска.
• 10 декабря Минфин США сообщил о выделении США Украине займа в размере $20 млрд в рамках инициативы стран G7115.
• Чуть позже он написал, что действительно начал делать это, и сообщил об основании новой компании.
• В 17 лет Маск получил канадский паспорт и уехал из ЮАР, чтобы поступить в колледж.

Спустя 13 лет миллиардер снова решает воспользоваться цифровым помощником и изобретает для себя ИИ Grok, даже интегрирует ее в свою социальную сеть X (Twitter когда-то). Новая компания X.Ai – это большой сервис, который изучает развитие нейросетей и, как заявляют производители, контролирует этот процесс, другими словами, оберегает человечество от порабощения цифровыми помощниками. Во время словесной перепалки в социальных сетях президент США написал, что Илон «сошел с ума» и «выдохся». Последний в ответ обвинил Трампа в причастности к скандальному делу Эпштейна и предрек скорую рецессию в США по вине республиканца. За спором двух влиятельнейших предпринимателей следил весь мир, и новости с соответствующими заголовками заполонили первые полосы изданий планеты. Илон Маск любит видеоигры и научную фантастику — они вдохновляют его на новые проекты.

Неизвестно, было ли это сделано на самом деле, хотя игроки замечали в прологе игры персонажа, похожего на Маска179. В 2021 году Маск увлекался мобильной стратегической игрой The Battle of Polytopia, пропускал из-за неё заседания советов директоров и пытался «подсадить» на неё брата Кимбала и жену Граймс175180. Это была канадская певица и музыкант Клэр Буше, более известная как Граймс145.

В 2024 году публично поддержал президентскую кампанию Дональда Трампа и кампанию Республиканской партии США, стал часто выступать вместе с Трампом и поддержал его на победных выборах 2024 года. В 2025 году получил должность Руководитель Департамента эффективности правительства США. В марте 2019 года, сразу после запуска Tesla Model Y, Илон Маск показал изображение пикапа и заявил, что он будет сделан в стиле «киберпанк». В этом же году состоялась публичная премьера прототипа электрического пикапа Tesla Cybertruck. Но без казусов не обошлось – корпус, выполненный из «нержавеющей стали», почему-то начал ржаветь, а возгорания автомобиля все еще происходят регулярно. Тем не менее, есть еще надежда, что такие неполадки будут исправлены, и электромобиль все же покорит фанатов Илона Маска и американские дороги.

Tesla (2004—н. в.)

Ксавьер считает, что он женщина по имени Вивиан Дженна Уилсон157. В ноябре 2024 года Маск обновил свой иск против OpenAI, добавив в него обвинения в адрес Microsoft. По информации The Verge, в жалобе утверждается, что OpenAI и Microsoft стремятся к «монополизации рынка генеративного ИИ» и ведут политику, направленную на устранение конкурентов. В начале июля 2025 года Маск объявил, что он сформировал в США «Партию Америки» — новую политическую партию. По словам Маска, причиной создания партии стало то, что США живут в условиях”банкротства (…) в связи с расточительством и взяточничеством, в однопартийной системе, а не в демократии”127. В октябре 2024 года стало известно, что Илон Маск выделил не менее 75 млн долларов созданному им же политическому комитету по поддержке Дональда Трампа.

Проекты и компании Илона Маска

Марсианские путешествия стали чуть ли не ключевой целью Илона Маска, но пока до этого далеко. В 28 лет Илон Маск решил, что пора создавать себе финансовую «подушку безопасности», и так стал сооснователем платежной системы PayPal. В 2000 году он занялся слиянием своего интернет-банка X.com с организацией Confinity, основанной Максом Левчиным и Питером Тилем. Вместе они стали разработчиками мультивалютной, безопасной, удобной, открытой более чем для двухсот стран, бескомиссионной системы PayPal и совершенствовали ее до 2002 года, тогда система была поглощена корпорацией eBay.

10 апреля 2025 года издание Axios сообщило о кампании демократов из Палаты представителей США, направленной на отстранение Илона Маска от работы в администрации президента Дональда Трампа до 30 мая. Демократы ссылаются на закон, ограничивающий срок работы специальных госслужащих 130 днями. Они требуют от администрации Трампа публичного заявления об отставке Маска и лишении его полномочий. Также демократы намерены не допустить возвращения Маска на госслужбу в течение года, если он не откажется от участия в управлении компаниями Tesla и SpaceX. Ранее член Демократической партии Мики Шеррилл предложила законопроект об обязательном тестировании на наркотики для госслужащих, включая Маска, ссылаясь на статью о его предполагаемом употреблении наркотиков122.

Автомобиль в бронежилете, машина-броненосец, всадник техно-апокалипсиса – как только не называют это резонансное произведение современного искусства. В 2019 году Илон Маск илон маск приостановил покупку твиттера из-за спама и фейков представил первый концепт Cybertruck, но создание пикапа, похожего на Ford F-250, обсуждалось еще в 2012 году, когда предприниматель занялся покорением американских дорог. Импланты, нейроны, биопротезы – это не мир будущего, а наше «сегодня». Все началось с идеи создания «нейроленты» (neural lace), которая позволит мозгу напрямую взаимодействовать с компьютерами. Голубой вагон и Красная стрела нервно стоят в сторонке – Hyperloop обогнал их всех… Его мечта жить без пробок и сверхбыстро передвигаться по миру скоро осуществится.

Первая ступень Falcon 9 успешно вернулась на Землю и приземлилась на плавучую платформу в Атлантическом океане через 10 минут после старта. Родился 28 июня 1971 года и вырос в Претории, ЮАР в семье инженера Эррола Маска и его жены, модели Мэй Маск (урождённой Халдеман). Отец был частичным собственником замбийских изумрудных рудников рядом с озером Танганьика20212223 и депутатом Городского совета Претории от Прогрессивной федеральной партии.

По данным Reuters, администрации Трампа и DOGE удалось сократить почти 12%, или 260 тыс. Человек из 2,3 млн федеральных служащих, в основном за счет угроз увольнением, выкупов и предложений о досрочном выходе на пенсию. C первых дней возвращения Трампа на пост президента Маск начал делать громкие заявления.

Тайно поручил сотрудникам отключить спутники Starlink рядом с Крымом в 2022 году, чтобы сорвать атаки украинских военных на российский Военно-морской флот (ВМФ). Об этом написал CNN со ссылкой на книгу-биографию «Илон Маск» авторства Уолтера Айзексона111112. «Starlink был создан, чтобы люди могли смотреть Netflix, расслабляться, подключаться к Интернету в школе, творить мирные дела, а не наносить удары дронами», — заявил Маск автору книги113114.

Основная цель — создание продвинутого и более контролируемого искусственного интеллекта с акцентом на безопасность и этическое использование технологий (Vegas Loop). После непродолжительной работы над имплантами и их внедрением в тело животного Neuralink подала заявку на разрешение проводить исследования на людях, но получила отказ из-за вопросов безопасности. Однако после доработки технологии компании дали разрешение на клинические испытания. Разработку ждало успешное завершение всей многолетней работы – 28 января 2024 года компания провела операцию по вживлению чипа парализованному студенту Нолану Арбо, через полгода удалось вживить идентичный чип второму пациенту Алексу.

В 2016 году он стал соучредителем Neuralink, нейротехнологической компании, занимающейся разработкой интерфейсов мозг-компьютер, и основал The Boring Company, компанию по строительству туннелей. Маск предложил идею Hyperloop — высокоскоростную систему транспортировки на вакуумном поезде. В 2022 году стал владельцем Twitter за 44 миллиарда долларов12.

При этом, участвуя в первом Международном саммите по безопасному использованию искусственного интеллекта в ноябре 2023 года, он назвал ИИ одной из «самых больших угроз» человечеству83. Амбициозность космических проектов Маска и колоссальный размер затрат на их реализацию поставил под удар будущее компании SpaceX, в начале 2021 года ей предрекали дефолт, однако бизнес выдержал. В январе 2016 года на инвестиционном форуме в Гонконге Маск сообщил о том, что его компания надеется осуществить полёт на Марс в 2020—2025 годах51. После покорения космоса изобретатель все же вернулся «с небес на землю» и стал осваивать американские дороги. В 2004 году Илон Маск присоединился к компании Tesla Motors, став инвестором и председателем совета директоров компании, а в 2008 году – ее генеральным директором. В 17 лет Илон переехал в Канаду и поступил в Университет Куинс.

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Digital Bookkeeping Systems

It serves as the foundational work for bookkeepers to manage a company’s financial data systematically. Double entry bookkeeping system is defined as a type of bookkeeping where for every single financial retained earnings transaction two entries are recorded. Unlike single-enrty bookkeeping, double entry bookkeeping records credit entries. The transactions in double entry bookkeeping are recorded when either debt is incurred or revenue is earned. In double-entry bookkeeping, every financial entry affects two accounts, i.e., one is debited, and the other one is credited. The system of double entry bookkeeping is majorly adopted by all businesses and is considered efficient and accurate for maintaining financial transactions.

• For example, a construction company may undertake a long-term project and may not receive complete cash payments until the project is complete.
• Luckily, there are a few methods to choose from, providing companies with enough options to find the right fit for their needs.
• Double entry bookkeeping is essential for preparing financial statements and tax returns in compliance with accounting standards.
• The bookkeeping method selected influences how income and expenses are recorded.
• And if the company in question is public, its financial statements must also comply with the Securities and Exchange Commission (SEC) regulations.

What is the Double Entry System?

In that case, transactions are automatically and securely imported from your bank account. You can then categorise them and add useful information through a process called reconciliation. It’s also possible to set up rules, so common transactions like paying staff or sales are recorded automatically.

Essential bookkeeping terms to know

Accrual accounting records transactions when they occur, while cash accounting handles them upon receiving or spending cash. Understanding these approaches is essential two main types of bookkeeping due to IRS requirements and their impact on financial statements. Understanding the various types of accounting is crucial for any business owner or enterprise. Each type of accounting serves a unique purpose, from providing transparency for stakeholders to optimizing internal financial management. Accurate bookkeeping is fundamental to a business’s financial health, ensuring reliable financial reporting and compliance with regulatory standards. Precision in tracking transactions, such as accounts receivable and payable, is essential to maintain the integrity of financial statements.

Careers in accounting include auditors, tax specialists, forensic accountants, management accountants, financial analysts, budget analysts, and public accountants. Each career path offers unique opportunities to specialize in different areas of financial management and reporting. In this blog, we will explore 11 different types of accounting, shedding https://mainwp.interstellarconsulting.com/2023/03/10/how-to-perform-a-lifo-calculation-for-inventory/ light on what each one entails and its importance in the financial landscape.

• Reconciliation is the process of matching internal financial records with external monthly statements from financial institutions.
• For proper financial management, using a certain accounting system is necessary.
• As such, it’s hard for the business owner to do a financial analysis and plan resources for the future.
• There are two types of methods that are most commonly used in bookkeeping.
• Cash accounting, simpler and used by many small businesses, records transactions only when cash changes hands.
• Following the matching principle, any expenses incurred to gain the $10,000 revenue would also be recorded in the same period.

Unlike accounting, bookkeeping zeroes in on the administrative side of a business’s financial past and present. Accounting, on the other hand, utilizes data from bookkeepers and is much more subjective. Business transactions can be recorded by hand in a journal or an Excel spreadsheet. To make things easier, many companies opt to use bookkeeping software to keep track of their financial history. While single entry is the simplest method of bookkeeping, double entry is the method most commonly used. With double entry, there are two entries for every transaction since there is something gained in a debit and something lost in a credit.

• For example, you may bill a customer for a $100 item that they’ll pay later.
• Collectively, these reports provide an all-encompassing view of a company’s financial performance.
• Double-entry systems cover everything from basic transactions, like cash receipts and sales, to more complex transactions like stock or building purchases.
• It balances your books by assuming each transaction (recorded as debit or credit) affects two accounts — your cash account and your sales account.
• There’s no one-size-fits-all answer to efficient bookkeeping, but there are universal standards.
• Bookkeeping is the recording phase, logging each transaction in a consistent and methodical way, either manually or through software.

What Is Financial Bookkeeping?

Companies must ensure sufficient liquidity to meet short-term obligations without compromising long-term stability. Regular monitoring helps preempt financial challenges and maintain smooth operations. They paint a comprehensive picture of a company’s financial status at a given point in time. The balance sheet provides a snapshot of the company’s assets, liabilities, and equity, vital for understanding the net worth of the business. On the other hand, the income statement outlines the company’s revenues and expenses, offering insight into profitability over a specific period. To connect these two, the cash flow statement tracks the cash entering and leaving the business, an indispensable determinant of liquidity.

Advantages and single-entry bookkeeping systems

Single-entry systems are most commonly used in small business bookkeeping since this process is ideal for limited transactions. This system focuses on recording cash disbursements, sales, purchases, and cash receipts on accounts payable, either as revenue or expense. More complex aspects, like equipment investments or stocks, are simply stored in the program’s notes section. Bookkeeping basics are the keys to effective financial management, which provide a clear picture of a company’s finances. Examples include the role of a bookkeeper, different bookkeeping systems, and common mistakes to avoid. The purpose of this guide is to ensure that bookkeepers are well-equipped with the knowledge to succeed in the role.

Accounts Payable Solutions

It is highly recommended for businesses seeking to improve their financial record-keeping and analysis capabilities. Consistency is key in bookkeeping to ensure financial statements are current and accurate. Bookkeepers should establish a regular schedule that aligns with the company’s reporting needs and regulatory requirements. This could be daily, weekly, or monthly, but should account for the timely recording of all transactions.