What businesses need to know about the tax treatment of bitcoin and other virtual currencies

What businesses need to know about the tax treatment of bitcoin and other virtual currencies Over the last several years, virtual currency has become increasingly popular. Bitcoin is the most widely recognized form of virtual currency, also commonly referred to as digital, electronic or crypto currency. While most smaller businesses aren’t yet accepting bitcoin or other virtual currency...
Read More

Putting your child on your business’s payroll for the summer may make more tax sense than ever

Putting your child on your business’s payroll for the summer may make more tax sense than ever If you own a business and have a child in high school or college, hiring him or her for the summer can provide a multitude of benefits, including tax savings. And hiring your child may make more sense than ever due to changes under the Tax Cuts and Jobs Act (TCJA). How it works By shifting some of...
Read More