During 2019 alone, thousands of merchants worldwide were accepting Bitcoin ( BTC ) as a payment method. Despite this, a lot of current and would-be merchants are confused about how to pay taxes on their cryptocurrency sales.
This guide was created by a United States business owner that advocates for cryptocurrency and a crypto tax expert to cover both practical aspects and tax tips for businesses that wish to accept cryptocurrencies. So whether your clients are asking or you desire to support the growth of the crypto ecosystem, here is the right way to do it.
Many things are taking place:
COVID-19: Coronavirus Response & Your Federal Tax Obligations | WilmerHale - JDSupra
The Treasury Department has announced a three month automatic postponement in the due dates for filing federal income tax returns and making federal income tax payments otherwise due on April 15, 2020. The details were provided in IRS Notice 2020-17 on March 18 and IRS Notice 2020-18 on March 20.
Taxpayers should note that the relief applies only to federal income tax (including self-employment tax) and does not extend filing or payment dates for any other federal tax. In a liberalization of the relief originally announced on March 17 and 18, there is no limit on amount of federal income tax payments that a taxpayer may defer to July 15.
Energy Co. Denied In Bid For $33M Alternative Fuel Tax Credit - Law360
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Defying age through versatility – ITR's Italy Special Focus launched | International Tax Review
Italy takes pride in tinkering its way to tax efficiency, frequently taking an alternative approach from its counterparts across Western Europe.
This may worth something:
Athene to Host Investor Update Webcast and Conference Call on Wednesday, March 25, 2020
Athene Holding Ltd. ("Athene") (NYSE: ATH) announced that it will host a webcast and conference call for stakeholders, investors, and analysts, and any other interested parties today, on Wednesday, March 25, 2020 at 8:30 am ET to provide a corporate update and discuss considerations in the current market environment as it relates to Athene's business.
In addition, Athene intends to post a presentation on its Investor Relations website at ir.athene.com before the commencement of the webcast and conference call. The presentation will highlight Athene's performance in the current market environment, including updates on retail and flow reinsurance origination and insights on the Company's capital, liquidity, investment portfolio, and stress tests.
Employers Consider Hardship Assistance in Response to Covid-19
While the full brunt of the coronavirus still hasn't smacked the U.S. economy, employers are already examining tax-advantaged hardship assistance programs to support workers facing significant health and financial challenges due to the emergency.
Employers are contacting tax advisers to discuss strategies for structuring programs that grant cash to employees under tax code Section 139 , regarding disaster relief payments. Businesses are also contacting charitable organizations for help creating crisis funds, which permit employers to make tax-deductible donations and employees to collect emergency grants tax free, said Ruth Madrigal, a principal and leader of KPMG LLP's exempt organizations group.
Coronavirus stimulus bill: House unlikely to vote Wednesday
The White House and Senate leaders reached a deal early Wednesday on a massive $2 trillion relief bill — said to be the largest rescue package in American history — to combat the economic impact of the coronavirus outbreak.
As of Wednesday morning, though, the Senate was still drafting the final details of the text. A senior Democratic aide told CNBC that due to procedural reasons, including how long it is taking the Senate to send over a draft of the bill, it is unlikely the House will vote on it Wednesday. The House needs to pass the bill before it can reach President Donald Trump's desk.
Federal Regulations Pose Threat to $30 Billion U.S. Cannabis Industry - Odessa American: Business
"In such a fast-evolving sector, it is imperative that investors and operators in the industry – and those seeking to enter it – understand the complexities of running a legally compliant cannabis business," said New Frontier Data Founder & CEO Giadha Aguirre de Carcer. "Amidst increasing competition and M&A activity, well-run businesses with optimized financial management and well-managed accounts will have significant advantages over less-efficiently run competitors."
Happening on Twitter
Shares? Gold? Bitcoin? What do you buy after the rule book has been torn up? Here are some ideas https://t.co/SOxeQBvMgJ business (from New York and the World) Wed Mar 25 06:32:03 +0000 2020
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