For Americans with money to invest, the crypto industry’s pace of development can be confusing. Whether hype or reality – and, often, it’s a bit of both – the stories we read online and the conversations we hold over the barbeque can leave us unsure of what to think,...
What is Operation Hidden Treasure? Operation Hidden Treasure was introduced on March 5, 2021, by the IRS Director of the Office of Fraud. You may feel like the IRS is not always on your side, but you cannot argue their creative abilities in naming departments needs a...
Everyone has heard about non-fungible tokens, or NFTs as they are better known. Celebrities like Eminem bought a Bored Ape NFT for half a million dollars. The mainstream media went viral and said they could take a screenshot and have the same thing. But is this the...
If you are residing in the UK, and trading with cryptocurrencies, you could be liable to pay crypto tax. The HM Revenue and Customs (HMRC) was one of the first tax offices worldwide to seize the lucrative revenue opportunity that United Kingdom (UK) crypto tax may...
Under the Wealth Tax system… An employee receives crypto as a salary or part of a salary, this will be part of their taxable income…
Crypto asset payments have all seen significant growth in recent years. Digital assets enable faster, more flexible, and more innovative payments and ways of doing business. In addition, retailers, individuals, and businesses are increasingly accepting crypto assets...
Crypto Tax in Australia is a very hot topic as Australia is one of the countries in the world with a high crypto ownership rate. According to a survey released by Finder, the country ranks 3rd out of 27 countries, with 22,9% of Australians owning crypto. As the number...
Please note that the information below is an opinion and cannot be used to rely on as formal tax advice. In order to obtain formal tax advice regarding your tax situation, please contact us directly for a consultation. For the lazy reader I start with a summary: It...