Month: October 2021

Understanding the Taxation of Cryptocurrency Transactions

Article Highlights:How Cryptocurrency is Treated for Tax PurposesCapital AssetWho Keeps Track of Cryptocurrency Ownership and TransactionsHow Many Cryptocurrencies Are There?What Is Cryptocurrency Mining?What Is a Cryptocurrency “Hard Fork”?Why Is Cryptocurrency Appealing to Some?How Is the Value of Cryptocurrency Determined?Are Cryptocurrencies Good Investments?Virtual Currency and 1031 ExchangesFirst In – First Out (FIFO)Foreign Currency TransactionsForeign Bank and […]

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Distributed Workforce Businesses Are Facing Challenges as They Adapt to Remote Employees

According to one recent study, nearly half of all employees switched to working remotely in 2020 during the onset of the COVID-19 pandemic. Almost overnight, local and state lockdowns went into effect on all services deemed non-essential — meaning that people suddenly had to adapt to a working situation that couldn’t be more foreign to […]

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Entrepreneur Success Stories: How R. J. Scaringe and Rivian Built an Electric Truck Company From the Ground Up

Based in California, Rivian is an American automotive manufacturer that specializes in electric vehicles. Originally founded back in 2009, the company now has manufacturing plants in Illinois, Michigan, California, Vancouver, and England. Designing cars intended for both on and off-road driving, the organization currently employs more than 7,000 people as of 2021.You may have heard […]

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Employers Hiring New Employees May Be Able to Claim a Work Opportunity Tax Credit

Article Highlights:Potential CreditEligible EmployeesCredit DeterminationCertification ProcessOther IssuesThe Covid-19 pandemic has had a significant impact on the labor market – mandated government lockdowns and workers’ and customers’ fears of contracting the illness resulted in businesses closing or temporarily cutting back and laying off or furloughing millions of employees. In April 2020, the unemployment rate reached 14.8%, […]

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