(Behind? Check out why the purchase of goods and services are cryptotax -able crypto events in Part 3.) The (Very) Weird World Of Crypto Crypto can be swapped for other crypto. This is something the financial world has never seen before. Which brings us to our next cryptotax -able event: Read more…
Paying In Crypto Click here to read CryptoTax: Events Professionals Ought to Know Part 2 Overstock.com is heralded as the first major retailer to start accepting bitcoin back in January of 2014. Since then several leading e-commerce platforms have followed suit such as Expedia, Shopify, Twitch, and even telecom giant Read more…
Read Part 1 here. Crypto Tax Series – Part 2 What Every Tax Professional Ought To Know Crypto Is Booming (Again) Payments company Square, Inc. first allowed Cash App users to purchase and sell bitcoin during the rampant crypto boom of 2017. Since then it has continued to invest in Read more…
A Secret Message On A Blockchain A covert message can be found inscribed into the first block of the bitcoin blockchain, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” referring to the London newspaper’s lead story of the day. This edition of the newspaper is now one Read more…
There are over $100 billion in crypto reported to date, with over $10 billion accounted for daily. Accountants need to be prepared for the influx of businesses and individuals that will soon be reporting their crypto assets- amounting to over 1 million transactions per month, analyzed continuously. Kell Canty discusses Read more…
