Digital Currency
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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Be Relentless in the Pursuit of Change
Has your firm started the transformation to advisory services? If not, in the not so distant future you will be too behind to catch up. That sounds harsh, but it’s better to face the reality that soon the gap will be so wide that your options for ...
Keynote Speakers Announced for AICPA Engage
Two conferences have been added to the AICPA ENGAGE lineup this year – the EDGE Career Development Conference, designed for standout young CPAs, and the CPA Firm Management Association’s National Practice Management Conference – bringing the total ...
Cryptocurrency, Initial Coin Offerings and Subpart F Income
Income from a CFC is not taxed until it is repatriated to the US. In crypto, this would happen when the money is sent to the US based company. Let’s say the US company sells widgets to the foreign corporation at cost. The foreign corporation is set up ...
Blockchain & Bitcoin: Why The Accounting Profession Should take Notice
Bitcoin, which has been plastered all over the news lately, is the new green – as in currency. Since Bitcoin’s founding in 2009, the cryptocurrency has had many ups and downs. Currently, at the time of this writing, Bitcoin is sitting above $10,559 per to
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Finance Sector Faces Disruptive Technologies
Electronic payments. Cryptocurrency. Artificial intelligence. What once were words in science fiction movies are moving into the realm of possibility in commercial payments and banking, according to TD Bank's 2017 Treasury Management Survey.
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Cheers to the Winners at this Year’s Xero Americas Awards!
With an outstanding array of partners in the Xero community, it’s difficult to recognize just one partner in each award category. We’d like to extend our sincere thanks to everyone involved in the Xero community, we couldn’t do it without each and every o
More Staff Soon for IRS, Predicts Treasury Secretary Mnuchin
Treasury Secretary Steven Mnuchin predicted on January 12 that the IRS will hire more employees to implement in the Tax Cuts and Jobs Act (P.L. 115-97). “Our number one issue is implementing the new tax law,” Mnuchin said. Also, the Treasury ...
Cryptocurrency, Taxation, and Initial Coin Offerings
The IRS classifies cryptocurrency as property, then they turn around and issue John Doe Summonses[2] to Coinbase, which was the same thing the IRS did to foreign bank accounts, seemingly treating coin as currency. However the taxation of coin works ...