Big Companies Now Accepting Crypto — Should you?

For those new to crypto, one of the first questions that come up is: but what can I do with crypto? Today’s answer is, just about anything. You can buy a car, bedsheets, video games, plane tickets, and even convert it back to fiat currency (but be aware of the tax consequences of doing [...]

By |2021-06-03T15:19:07+00:00April 22nd, 2021|Cryptocurrency, Financial|0 Comments

Pros and Cons of Cryptocurrency: Should Your Company Go Deeper into Crypto?

Even though cryptocurrency isn’t exactly new, it’s only been in the last couple of years where it started to gain mainstream recognition from businesses and financial institutions as a legitimate investment asset.  So far, we’ve seen large corporations like PayPal dip their toes into crypto, we’ve heard of banks like Wells Fargo recommending investing [...]

By |2021-06-03T15:17:19+00:00April 15th, 2021|Cryptocurrency|0 Comments

Bought and Sold Crypto on Robinhood? Here’s How to File Your Taxes

Long gone are the days when crypto was considered a fringe interest. Today, crypto has  become a legitimate investment asset that is steadily finding its way into more and more portfolios. There’s a good reason for that.  Because, even though highly volatile, crypto outperforms most other assets available. In short, it could be a [...]

By |2021-06-03T15:15:52+00:00April 13th, 2021|Cryptocurrency, Taxes|0 Comments

Blockchain Accounting Software: How Crypto Changes Things

Cryptocurrency has experienced exponential growth over the last few years. Because of this, businesses need to understand blockchain accounting and how to track crypto transactions. The invention of blockchain accounting software is further revolutionizing the accounting industry. What this means is that no business should still be tracking crypto transactions (Bitcoin and Ethereum) manually. [...]

By |2021-04-06T17:09:04+00:00April 6th, 2021|Cryptocurrency, Financial|0 Comments

7 Crypto Tax Risks (And How to Avoid Them)

What crypto tax risks do you need to be thinking about? It is no secret that blockchain is among some of the most exciting emergent technologies of the twenty-first century. In the last few years, cryptocurrency has grown in popularity with several top financial minds endorsing investments in it. Despite becoming so popular, one [...]

Tax implications for the conversion of Eth1 to Eth2

Ethereum just completed its long awaited update. Code named Serenity, Ethereum 2.0 is a total overhaul of the world’s second largest blockchain. Along with significant speed and scalability improvements, the underlying transaction processing algorithm now operates in a completely different way. While all these upgrades certainly are exciting, the changes have some important tax implications. [...]

By |2021-02-18T21:53:11+00:00February 18th, 2021|Cryptocurrency, Taxes|0 Comments

Crypto Taxes 101: Crypto Taxation, Explained

Blockchain is one of today’s most exciting emerging technologies. The trustless algorithms that it enables have the potential to change many aspects of the way we live. In fact, Bitcoin and other emerging cryptocurrencies have already begun to radically transform the financial industry. However, with so much excitement happening in the space, particularly in the [...]

By |2021-02-11T16:51:00+00:00February 11th, 2021|Cryptocurrency, Taxes|0 Comments

How do airdrops impact your taxes?

Who doesn’t like the idea of free money? Cryptocurrency airdrops promise exactly that. In some cases, these giveaways can sometimes even involve large amounts of funds. There is, of course, a catch: airdrop income can have a significant impact at tax time. Keep reading to learn more. What is an airdrop? An airdrop is essentially [...]

By |2021-02-11T16:34:38+00:00February 11th, 2021|Cryptocurrency, Taxes|0 Comments

Mainstream Companies Entering Crypto

A lot has happened since Bitcoin launched in 2009. Cryptocurrencies have gone from being a topic that if you brought up in a conversation your friends and family would give you weird looks, to something that is now on the verge of becoming a staple of the financial world.  This is the moment that those [...]

By |2021-01-14T19:54:58+00:00January 14th, 2021|Cryptocurrency, Current Events|0 Comments

Crypto Taxes 101: What to Know Before You File

If you’ve bought any amount of Bitcoin a few months ago, the return has been awesome. With the flagship cryptocurrency hitting more than $35,000 per Bitcoin, many are flocking to “get in” before things go much higher. But at the strike of midnight between December 31st and New Years Day, the need to claim [...]

By |2021-01-14T19:53:24+00:00January 12th, 2021|Cryptocurrency, Startups, Taxes|0 Comments
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