Bitcoin (BTC) is a type of “cryptocurrency,” also known as “virtual currency” or “digital currency.” While many types of cryptocurrency have been introduced in recent years, such as Litecoin (LTC) and Ethereum (ETH), Bitcoin has risen to prominence over its...
In December 2017, Congress passed a major tax reform law called the Tax Cuts and Jobs Act (TCJA), which made some of the most dramatic changes to the tax code that the nation has seen in decades. One of the biggest and most important changes made by the TCJA was the...
Maybe you need to hire an accountant because you’re thinking of opening your own business for the very first time, and you need to know how to prepare financially. Maybe you need an accountant because you’re planning on moving to California with your family, and you...
In December 2017, Congress passed a major tax reform bill known as the Tax Cuts and Jobs Act, or TCJA. The new tax law makes many changes to the tax code, some of which impact individual taxpayers, while others primarily affect businesses. If you currently own a small...
If you are a business owner, you are already aware of the need to properly classify workers as either employees or independent contractors for tax purposes. However, this task is often easier said than done. Despite the issuance of various guidelines and court...
Various tax breaks are available for businesses that provide certain benefits to their employees, such as meals and moving expense reimbursements. However, many of these employee benefit tax deductions and credits have been changed – and in some cases, totally...