January 22, 2018
Bitcoin, which has been plastered all over the news lately, is the new green – as in currency. Since Bitcoin’s founding in 2009, the cryptocurrency has had many ups and downs. Currently, at the time of this writing, Bitcoin is sitting above $10,559 per to
January 19, 2018
Electronic payments. Cryptocurrency. Artificial intelligence. What once were words in science fiction movies are moving into the realm of possibility in commercial payments and banking, according to TD Bank's 2017 Treasury Management Survey.
January 18, 2018
With an outstanding array of partners in the Xero community, it’s difficult to recognize just one partner in each award category. We’d like to extend our sincere thanks to everyone involved in the Xero community, we couldn’t do it without each and every o
January 16, 2018
Treasury Secretary Steven Mnuchin predicted on January 12 that the IRS will hire more employees to implement in the Tax Cuts and Jobs Act (P.L. 115-97). “Our number one issue is implementing the new tax law,” Mnuchin said. Also, the Treasury ...
January 12, 2018
The IRS classifies cryptocurrency as property, then they turn around and issue John Doe Summonses[2] to Coinbase, which was the same thing the IRS did to foreign bank accounts, seemingly treating coin as currency. However the taxation of coin works ...
January 9, 2018
The new tax reform law covers many aspects, from business taxation to individuals and deductions, which can make it challenging for taxpayers and tax professionals to keep up with the changes.
January 9, 2018
In 2014, the IRS classified cryptocurrency as property, and not currency. How property is taxed is that if you hold an asset for less than a year, and you sell it, you pay ordinary income tax at your ordinary tax rate. If you hold that asset for a year ..
January 9, 2018
Revenues were up a solid 7.8%, a tad less than the prior year’s 8.1%. Growth from mergers accounted for 26% of total growth compared to 28% the previous year and 30% the year before. So from that, one could conclude that the impact of mergers on ...
January 7, 2018
Currently, the US treats cryptocurrency as property. The IRS requires that the value of cryptocurrency be reported in US dollars with the fair market value determined at the time of payment or receipt. This calls for specific record keeping ...
January 5, 2018
While AI and robotics may represent the long-term future of treasury management, more than half of finance professionals surveyed (52 percent) expect faster or real-time processing to experience major growth in payments innovation in 2018.
December 21, 2017
Regardless of the source, there’s a lot in motion that’s going to shake up the profession in the coming year. In the spirit of helping out our fellow accountants, here are a few predictions for the accounting professional in 2018.
December 19, 2017
Unless you’ve been living under a rock, you’ve probably heard of Bitcoins meteoric rise. At time of writing, BitCoin was sat at somewhere around $19,000 a unit. So popular is bitcoin that I wouldn’t be surprised if your grandparents brought it up at ...