February 14, 2018
A Section 1031 Exchange is a like-kind exchange. Before the new tax law, if you had anything classified as property, you could exchange that property for property that was like-kind, and avoid the capital gains tax on the transactions.
February 14, 2018
Today’s security protocols perform cryptography in all kinds of electronic networks, from sound to SMS texting to Internet web pages: but none of them use Gilbert’s OTP! So why doesn’t cryptography use this perfect Unbreakable cipher?
February 13, 2018
Over the last two to three years we have watched pundits and consultants promote ideas around emerging technologies. Some of the claims are ludicrous, loony, and ill-informed. Others are trying to position, parlay and learn. You’ve seen this column ...
February 9, 2018
Has your firm started the transformation to advisory services? If not, in the not so distant future you will be too behind to catch up. That sounds harsh, but it’s better to face the reality that soon the gap will be so wide that your options for ...
February 8, 2018
Two conferences have been added to the AICPA ENGAGE lineup this year – the EDGE Career Development Conference, designed for standout young CPAs, and the CPA Firm Management Association’s National Practice Management Conference – bringing the total ...
February 5, 2018
Income from a CFC is not taxed until it is repatriated to the US. In crypto, this would happen when the money is sent to the US based company. Let’s say the US company sells widgets to the foreign corporation at cost. The foreign corporation is set up ...
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.