UK Budget 2021: Super-Deduction for Business Assets
It’s no doubt that the 2021 Budget was as important as it ever is and then some. Given the year that 2020 was and all the struggles that faced businesses, employers, workers and more, we really needed some important answers on future support and a roadmap to the recovery of our economy. One of the […]
American Taxpayers: Virtual Currency and Taxation
It’s no secret that with COVID-19 plunging out stock market into a state of volatility many personal investors have taken the Bullish approach of buying when the prices are low. Leaving all opinion aside on some of the happenings, such as GameStop, we should turn our attention to what is happening with Virtual Currency and […]
HMRC Guidance on Crypto Assets
As Cryptoassets gain in popularity it comes as no surprise that policy makers have been asked to expand on and specify guidance already in place on the treatment of such transactions. Are Cryptoassets a currency or a capital asset? When is a transaction a taxable event? Many are of the opinion that crypto trading […]
2021 US Filing Season Delays
The 2020 filing season was a challenge with the IRS closing down and sending workers home due to the COVID-19 pandemic. Tax season delaine was extended and many people rushed to get their taxes filed on time so they would receive stimulus payment lifelines dished out by the U.S. Government. One year later and we […]