How Small Businesses Can Tap into Artificial Intelligence

Individuals in the small business realm are especially mindful of the route the technology world is going. Accountants, Lawyers, and Doctors would all be affected by a machine-intensive world, and it would mean the end of millions of jobs as we know them today. Though, Artificial Intelligence can help empower existing professionals, not necessarily remove [...]

By | May 29th, 2018|Financial, News, Taxes, Technology|0 Comments

New World of Blockchain In Accounting Practices

There is a lot for accountants and auditors to understand as distributed ledger technology (also known as blockchain) and digital currencies emerge. First, members of the accounting profession are being challenged to gain a deep understanding of how the technology works. Second, as the use cases for blockchain multiply, accountants and auditors need to consider [...]

By | March 15th, 2018|Financial, International, News, Taxes, Technology|0 Comments

Tax Tips For 2018 : How To Maximize Your 2017 Refund

While it may be true that the actual filing deadline for state and federal tax isn’t until April. Completing it sooner rather than later, particularly if you’re expecting a big refund is a smart move especially when accounting the new tax reform that just passed. "For single filers with straight forward tax situations, one big [...]

By | February 23rd, 2018|Financial, Governments, International, News, Taxes, Uncategorized|0 Comments

Do You Understand The Tax Implications of Cryptocurrency?

After a year of gains/losses in the cryptocurrency world some can only wonder what's in store for the tax implications, while others are avoiding it wholeheartedly. Currently, the IRS is focusing on two things: trading cryptocurrency as a taxable event and converting cash into virtual currency as a way to launder money. Recently, the IRS [...]

By | February 21st, 2018|Financial, Governments, International, News, Taxes, Technology|0 Comments

IRS Building Tax Evasion Cases On Crypto Users

After a success overseas in uncovering U.S. assets hidden in Swiss Banks. The Internal Revenue Service, has assigned a new team to investigate the cryptocurrency market and the individuals whom are associated. Currently, investigators are undergoing changes to optimize their cases against tax evaders using cryptocurrency. Though the agency hasn’t charged anyone yet, cases are [...]

By | February 19th, 2018|Financial, Governments, International, News, Taxes, Technology, Uncategorized|0 Comments

Tips that Will Help You Trade Bitcoin Without Making Mistakes

Here are some basic tips and tricks for investing in and trading Cyber currencies. “The tips and tricks below shouldn’t be mistaken as professional investing advice. If you want professional investment advice, consult a fiduciary.” Cryptocurrency Trading is the Forex (Foreign Exchange) of cryptocurrencies. This means that you can trade different cryptocurrencies like Bitcoin, Ether, Litecoin for [...]

By | January 23rd, 2018|Financial, Governments, International, News, Taxes, Technology|0 Comments

IRS Cracks Down On Cryptocurrency

Coinbase customers be aware, a federal district court has ruled that a version of the IRS's summons can be enforced. In its continued press for greater tax compliance in the virtual currency arena, the IRS issued Notice 2014-21 which stated that transactions involving virtual currency shall be treated no different than any other transaction involving [...]

By | January 17th, 2018|Financial, Governments, International, News, Taxes|0 Comments

The Most Important Asset Of Small Businesses

What’s Behind Every Successful Small Business? Although small business owners and entrepreneurs – especially those newly established- often prefer the DIY approach to accounting and tax services, it’s not always the best option for the long-term future of your business. As the owner, your time and focus should be on increasing revenue and growing the [...]

By | January 15th, 2018|Financial, News, Taxes|0 Comments

How Does The Tax Jobs and Cuts Act of 2017 Impact Me?

As many of you are aware, Congress recently passed H.R.1, a tax reform bill known as the Tax Cuts and Jobs Act.  This bill impacts not only future tax filings, but under certain circumstances also contains certain provisions that are applied retroactively. In an effort to simplify the how the bill will impact individual and [...]

By | January 11th, 2018|Financial, Governments, International, News, Taxes|0 Comments

Need to Know, GOP Tax Reform 2017

-Covault- Senior Technical Analyst- The "Unified Framework for Fixing Our Broken Tax Code," released by the Senate Finance Committee, reduces the number of tax rates to three, nearly doubles the standard deduction, and makes more people eligible for child- and adult-care tax credits. It also eliminates most other deductions, including those for state and local [...]

By | September 28th, 2017|Financial, Governments, International, News, Taxes|0 Comments