Small and midsized entities show rising enthusiasm for advances in the digital economy like cryptocurrency and the nascent Metaverse, part of an overall perceived need for a new type of tech-savvy finance leader, according to a recent report from Sage. Though only 17% of finance leaders report currently accepting cryptocurrency
The Internal Revenue Service added new information to its frequently asked questions and answers on the new Schedules K-2 and K-3 for reporting international taxes. The IRS added eight new sets of questions and answers to its Schedules K-2 and K-3 FAQs page Monday in response to questions and input
I recently visited a large client who leases a beautiful downtown office space. It was a busy weekday morning, but the building was deserted. When I asked if I was forgetting about some kind of holiday, she laughed and said, “Since COVID there’s literally no one ever here.” What struck
Businesses that have been investing in cryptocurrency like Bitcoin and Ethereum are dealing with uncertainty as the Securities and Exchange Commission and the Internal Revenue Service, as well as government agencies abroad, are going to expect them to account for their holdings and pay taxes. Last month, President Biden signed
As Americans rush to file their taxes by April 18, some fintechs are offering banks tax-prep technology they can extend to customers going forward. Embedded tax service fintechs such as April and Column Tax point out that they and their financial institution partners can nudge customers into making better financial
Businesses and organizations today are facing increasingly complex demands in all facets of their operations. Many businesses understand they need to optimize those operations; however, they often do not know what steps to take to achieve maximum results. To support clients in navigating these challenges, consultants can offer operational assessments
Treasury Secretary Janet Yellen said a digital dollar would take years to develop if the U.S. decides to proceed with one, underscoring a deliberate approach by American policy makers as they flesh out their regulatory plans to address the rapid spread of digital assets. U.S. regulators are now engaged in
Cryptocurrencies are gaining in popularity, but for those who have chosen not to invest, a lack of understanding of the asset itself was cited as the primary reason for staying out of the fray for now, according to a recent report from cryptocurrency finance platform Gemini. Worldwide, an average of
The Supreme Court of Texas reversed the Texas Court of Appeals decision in a closely watched franchise tax case regarding apportionment of service receipts. In its March 25, 2022, decision in Sirius XM v. Hegar, the court agreed with Sirius’ method of sourcing its subscription revenue based on the locations
Employment rose by 431,000 in March, and the unemployment rate fell two-tenths of a point to 3.6%, the U.S. Bureau of Labor Statistics reported Friday, perhaps reducing the chances of a tax increase. Some of the main job gains occurred in leisure and hospitality, professional and business services, along with