Eugene Gourevitch’s Post

Today is tax day as we know, a subject I discussed on Overseas Media Inc. dba RTVI US with Liza Kaiman 😅 Evgeny Gurevich jokes about being a "financial psychotherapist" when discussing the tax system in the United States. 📉 The tax legislation is constantly changing, causing stress before tax payment. 😰 People are stressed because their tax returns can vary greatly from year to year, leading to uncertainty and the possibility of having to pay instead of receiving a refund. 📚 The tax code in the US is so complex that even certified tax specialists cannot know all the nuances of the tax law. 💰 The rise of cryptocurrencies has led to an increase in tax fraud, with non-custodial wallets making it difficult for the IRS to track transactions. 🕵️♂️ The IRS has the ability to track cryptocurrency transactions, so it is important to declare them and not try to hide them. 💰 Requesting a delay in filing a tax declaration does not attract more audits than average, so it is better to do it correctly with a delay rather than incorrectly without a delay. The US tax system is complex and constantly changing, causing stress and uncertainty for taxpayers, and it is important to accurately declare all income, including cryptocurrency transactions, to avoid potential audits and penalties. 00:00 🎙 The tax system in the United States is in order and not a major theme in this year's election campaigns. 00:39 📉 No significant changes this year, inflation adjustments made to progressive taxes, IRS employee numbers increased, but tax legislation constantly changing. 01:45 💡 People are stressed because their financial situation can change drastically from year to year, leading to unexpected payments instead of returns. 02:09 💡 Changes in tax legislation pose specific problems for Americans due to the complexity and vastness of the tax code, making it difficult for even certified specialists to know all the nuances. 02:59 👀 The rates and significant issues have not changed, especially for typical residents receiving a salary. 03:39 🔍 Cryptocurrencies are being used for tax fraud, and the IRS is adapting to track non-custodial wallets. 04:27 💰 Cryptocurrency transactions can be tracked, so it's best to declare everything and seek help from a CPA. 05:22 📅 Filing for a tax declaration delay doesn't increase audits, but it's better to do it correctly with a delay than incorrectly without one, and it doesn't exempt from late payment penalties; experts advise consulting an accountant for financial advice.

Liza Kaiman from Overseas Media Inc. dba RTVI US and I ponder the not-so-palatable impact of the cocoa production shock on the price of chocolate as Easter draws near The price of cocoa has doubled in just 2 months, reaching $10,000 per ton. The rising cost of cocoa beans, the main ingredient for chocolate, is a factor that affects the cost of production and may lead to price increases. The role of speculators in the chocolate market is significant, as they take advantage of news events like price increases to make profits. Exotic futures, such as cocoa, play a significant role in fueling the rise in prices, highlighting the influence of futures markets on commodity prices. Weather conditions in Ivory Coast and Ghana, responsible for 70% of cocoa production, have a significant impact on the price of cocoa futures. The price of cocoa and sugar has shown a significant increase, with sugar growing by a high percentage in just a month.

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🔍 Ever thought AI only benefited the good guys? Think again! Financial fraud investigators have uncovered a dark side to artificial intelligence, revealing how fraudsters are leveraging AI tools to impersonate, manipulate, and deceive businesses. The era of AI-powered fraud is here, and it's not just cybercriminals at play. 🕵️♂️ Financial fraud investigations shed light on the use of AI algorithms for impersonation, spoofing, and manipulation. From imitating legitimate users to tricking victims with chatbots, fraudsters are getting crafty in evading detection and exploiting vulnerabilities. 📰 Did you know? Voice-mimicking tools powered by AI can replicate voices, enabling fraudsters to impersonate key figures and carry out elaborate schemes. The days of traditional scams are numbered in this AI-driven landscape. 🛡️ Fighting back against AI fraud starts with awareness training. Educating executives and employees on the risks and signs of AI-powered fraud is crucial in building a resilient defense. Prevention begins with knowledge. 🔒 Controlling access is key. Implementing robust access controls involving authentication, role-based permission, and data encryption can fortify defenses against unauthorized access and data breaches. 🔍 Continuous monitoring is essential. Real-time analysis and predictive algorithms powered by AI can swiftly detect anomalies and potential threats, ensuring a proactive response to evolving fraud tactics. 🔍 Vulnerability monitoring is the final checkpoint. Organizations must continually assess and update security protocols to stay ahead of fraudsters, leveraging AI for continuous monitoring while focusing human efforts on critical security tasks. 🔒 As AI evolves, so must our defenses. By taking proactive steps to combat AI-powered fraud, businesses can safeguard their assets, reputation, and stakeholder trust in an increasingly complex digital landscape. https://lnkd.in/ejFiym4X...

Fascinating read on accounting fraud scandals from the past to present! Cases like Enron and Lehman Brothers, where huge debts were hidden, show how easily financial deception can happen, leaving investors and employees in turmoil. The recent crises at Carillion and Patisserie Valerie highlight the ongoing challenges. Questions arise on who bears the responsibility - should auditors like KPMG and Grant Thornton have caught these issues sooner? How can companies better safeguard against such misconduct in the future? Share your thoughts on these high-profile cases and the accountability in spotting and preventing fraud. https://lnkd.in/ezufnj-8

Hey LinkedIn fam, stumbled upon a fascinating read on the Role of Derivatives in Carbon Markets – it's like finding a hidden gem in a sea of content 🌟. Let's dive into this intriguing topic with a fresh perspective! 🌱 Sustainability & Finance Collide: Exploring the interconnected world of carbon markets and derivatives, shedding light on their impact on sustainability efforts. 📊 Market Dynamics Unpacked: Delving into the complexities of how derivatives influence carbon markets, painting a vivid picture of the financial landscape. 💡 Innovation at Its Best: Unveiling how innovative strategies in derivatives are shaping the future of carbon trading, sparking new ideas and possibilities. 🔗 Building Bridges: Connecting the dots between financial instruments and environmental goals, highlighting the potential for positive change. Join the conversation and share your thoughts on this dynamic blend of finance and sustainability. Let's exchange insights and spark engaging discussions! 🌿💬 https://lnkd.in/eFpkBUYJ

🌟 California's finances dancing to the rhythm of the stock market? 📈💰 Dive into intriguing insights from the recent market turbulence and its ripple effects on the state budget. Here's a tantalizing peek behind the curtain: 📉 **Stock Market Meltdown:** Recent global stock woes shook things up, but will California's financial ship stay steady amidst the storm? 🎢 **Budget Resilience:** Discover how the state's fiscal plan weathers stock market highs and lows, with built-in buffers and growing reserves to navigate the choppy waters. 📊 **Connect the Dots:** Unpack the ties between California's financial fate and the stock market's twists and turns, where personal income taxes on capital gains play a starring role. 🔮 **Future Gazing:** Peek into the crystal ball for California's fiscal forecast, exploring the impact of ongoing stock market jolts and economic forces on the state's monetary health. Get ready to unravel the captivating tale of California's financial rollercoaster ride in the midst of market mayhem! https://lnkd.in/eVrUcbb6

🚀 Unveiling the Secrets to OnlyFans' Phenomenal Success: A Deep Dive into Its Business Model and Creator Revenue Streams 🚀 The digital landscape has witnessed the meteoric rise of a platform that transcends conventional boundaries and empowers content creators across the globe. Yes, we're talking about OnlyFans – a name that resonates with flexibility, privacy, and economic opportunity for those who dare to chart their own online odyssey. In the tapestry of social media platforms, OnlyFans has carved a unique niche. It rests on a straightforward but potent premise: enable content creators to offer exclusive, premium content directly to their audience for a fee. The genius lies in its simplicity - a subscription-based model that has turned the content monetization paradigm on its head. When we dissect the revenue dynamics, the figures are nothing short of astounding. It's reported that OnlyFans has paid out over $2 billion to creators since its inception, staggering proof of its lucrative nature. But what do these numbers mean for the average creator? The answer varies, as content makers on OnlyFans draw income from a diverse palette including monthly subscriptions, pay-per-view content, tips, and private messages, among other streams. The top performers on the platform reportedly earn anywhere from five to six figures per month – an income level once thought unattainable within the realm of 'traditional' content creation. Yet, it's not just the top echelon reaping the benefits. The platform's egalitarian approach allows aspiring creators to earn a substantial income if they strategically engage and grow their audience. Marketing prowess, social media savvy, and the ability to connect with a loyal fanbase become critical drivers of success on OnlyFans. The platform has effectively democratized content creation, granting creators of all scales the opportunity to monetize their passion and expertise. OnlyFans’ business model showcases an empowered version of content economics, one where creators are the captains of their destiny. As we continue to witness the evolution of content consumption and creator compensation, OnlyFans stands as a testament to innovation and the promise of digital entrepreneurship. Are you a content creator strategizing your online presence? Have you considered embarking on the OnlyFans journey? Let's connect and discuss the frontiers of content creation and monetization in the digital era. 🚀 #OnlyFans #ContentCreation #DigitalEconomy #SocialMediaMarketing #CreatorEconomy #MonetizationStrategies #OnlineBusiness #Entrepreneurship

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Ever heard that 95% of traders fail? The reality might be even harsher, with research suggesting a higher figure. Discover surprising trading statistics that shed light on why most traders lose money. Did you know that 80% of day traders quit within two years, with only 7% remaining after five years? The numbers tell a compelling story about the challenges traders face. If you think selling winners over losers is wise, think again. Traders sell winners at a 50% higher rate, revealing an interesting behavior in the trading world. Are you surprised that only about 1% of day traders can consistently profit after fees? It's a tough game where success is rare but impactful. The article also highlights how emotions, entertainment, and the desire for quick wealth drive trading decisions. Trading is a profession that demands skill and discipline, not luck. Keep these insights in mind when delving into the world of trading. And if you're serious about improving, consider using a trading journal like Edgewonk to track and analyze your trades for enhanced performance. https://lnkd.in/efiFCwn8