Digital Currency

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April 2, 2018 

How the IRS Wants to Spend Its 2018 Budget

Enforcement is at an all time low. I have been doing this for 24 years, and when the U.S. government isn’t obtaining the revenue they are supposed to, the result is that the IRS becomes fully funded, and gets out of control.

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March 31, 2018 

Everything You Know About Electronic Payments is Wrong

Between 2010 and 2013, the Association for Financial Professionals (AFP) reported a 17% percent drop in organizations use of checks to make B2B payments. That’s 17% of businesses using fewer checks and making more invoice payments through alternative ...

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March 22, 2018 

Blockchain is a Database, Get Over It

There is a mania surrounding the blockchain technology which underlies cryptocurrencies– it is surrounded by a boundless enthusiasm, and based on the breathless excitement, one might believe that it is the cure for cancer, Alzheimer’s disease, and the ...

Brian Tankersley

 The Taxability of Cryptocurrency

March 19, 2018 

The Taxability of Cryptocurrency

This past year, cryptocurrencies, particularly Bitcoin, saw a meteoric rise in popularity and usage. Once considered something that is only utilized by cutting-edge tech gurus, cyber criminals, and those who trade on the black market, cryptocurrency ...

Dave DuVal

 Taxation and Initial Coin Offerings

March 12, 2018 

Taxation and Initial Coin Offerings

Time and time again, I talk to companies that are in the middle of an ICO, and the way they set up their companies, are crazy. I have an appointment next week with an ICO company, that has set up a company in the Cayman Islands, which has no tax.

Craig Smalley

 February 2018 Accounting & Audit Channel

February 20, 2018 

February 2018 Accounting & Audit Channel

Top Accounting Blogs & Social Media Are You Too Busy to be a Proactive, Future-Focused Advisor? Tom Hood, CPA, via LinkedIn.http://bit.ly/2EvnBoE New AICPA Chair Shares Vision of the Future. AICPA Insights blog.http://bit.ly/2nSflo8 Re-Engineer Your Audit Process. Wendy Cable from the Wolters Kluwer blog.http://bit.ly/2ET1cPW U.S. Treasury Official Says FDII Rules are BEPS Compliance. Robert Sledz from...…

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February 16, 2018 

What Accountants Need to Know About Cryptocurrency

Cryptocurrency is a form of currency that only exists digitally and relies on encryption for the security of transactions. There are thousands of forms of cryptocurrency, with some of the most well known with names like Bitcoin, Ethereum and Ripple.