Relief for embattled U.S. tech stocks injects fresh energy in Bitcoin and altcoins, with Ether reaching two-week highs.  Bitcoin (BTC) recovered much of its recent losses on Feb. 4, but concerns remained that a retest of $30,000 was incoming.

Dramatic increases in trading volume can alert crypto investors to price highs that are yet to come.  An uptick in trading volume is one of the key components of a digital asset’s healthy market outlook. It indicates both robust liquidity and a surge in fellow traders’ enthusiasm for the token. The relationship between the asset’s price and trading volume is a nuanced one: Volume spikes often trail strong rallies as more and more traders hop on the bandwagon in the hopes of a ride to the moon.

Many business owners who have small businesses and/or start up businesses may find it annoying that their Accountant and/or Tax Professional asks them too many questions to file their business income tax returns, or Schedule C.  They may think that the question or questions are irrelevant or too analytical.  Amazingly, there are Accountants and Tax Professionals who think the same way.  These Accountants and Tax Professionals need to be properly trained.

I have questions about this emerging... um... art form? Platform? “Non-fungible tokens” use cryptocurrencies’ blockchains to sell original versions of digital artefacts Sports leagues, artists and speculative investors pouring money into non-fungible tokens At first blush, Sheldon Corey's Twitter avatar, shown above, isn't the sort of thing you'd think is worth $20,000 US. But to the Montreal investor, it's worth every penny — if not more.

Recent legislation includes several provisions to help individuals and businesses who give to charity. The new law generally extends four temporary tax changes through the end of 2021. Here’s an overview of these changes.

Oct. 15 deadline approaches for taxpayers who requested extensions to file 2020 tax returns WASHINGTON — The Internal Revenue Service today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late. Electronic filing options, such as IRS Free File, are still available.

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced significant barriers to employment. WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.

WASHINGTON — September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in some parts of the country, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. All taxpayers, from individuals to organizations and businesses, should take time now to create or update their emergency plans.

On March 11, 2021, President Biden signed into law H.R. 1319 – the American Rescue Plan Act (the "Act"), which provides approximately $1.9 trillion in further support and stimulus to individuals, businesses and other organizations, as well as state and local governments affected by the COVID-19 pandemic. Here are selected highlights that may be relevant for employers. The Act contains many different funding and support programs beyond what is described below.

Victims of Hurricane Ida in parts of New York and New Jersey now have until early January to file various federal individual and business returns and make tax payments. The relief, comparable to that provided last week to Ida victims in Louisiana, is for any area designated by the Federal Emergency Management Agency as qualifying for individual or public assistance.