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

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

The Future of Automation And Accounting

by Blake Oliver - Accounting Today Contributor – Automation is transforming the accounting profession. My experience proves it. Over the past five years, I’ve gone from working as a low-paid hourly bookkeeper to billing fixed fees as high-value virtual controller — and one who does almost no data entry, by the way. We’re quickly approaching [...]

By | December 15th, 2016|Financial, Governments, News, Technology|0 Comments