Insights

IRS provides tax inflation adjustments for tax year 2021

The Consolidated Appropriation Act for 2020 increased the amount of the minimum addition tax for failure to file a tax return within 60 days of the due date.

BREXIT: End of the transition period

On 31 December 2020, the transition period for the United Kingdom’s withdrawal from the EU ended. This means that the UK is now formally a third country and EU law no longer applies there.

What is Virtual Currency?

Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report those transactions on their tax returns...

TAXATION OF CRYPTOASSETS

At the end of the last century, Cryptocurrency or Cryptoassets were an emergent financial element; however, In the usher of the 21st century, it has already included in the financial system...