Claiming Crypto: What Your Accountant Will Ask About Your Cryptocurrency Investments

Woman holding two Bitcoins

It’s no secret that cryptocurrencies have been a hot topic in the news lately. So, what do people mean when they talk about “cryptocurrency”? Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrencies are decentralized, or not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, … Read more

Venmo, PayPal, and CashApp: What Small Business Owners Need to Know in 2022

Venmo, PayPal, and CashApp: What Small Business Owners Need to Know in 2022 | Remote Accounting Experts Blog

In the past few months, there has been a lot of talk about how the IRS will treat payment apps like Venmo and CashApp. Unfortunately, there has also been plenty of misunderstanding and intentional misinformation spread about the changes to the tax code impacting payments made with those apps.  Understandably, a lot of entrepreneurs have … Read more

Small Bookkeeping Partners Offer Benefits That the Big Four Can’t

Small Bookkeeping Partners Offer Benefits That The Big Four Can't | Remote Accounting Experts Blog

Choosing an accounting and bookkeeping firm for your small business is an important step. The right accounting firm can protect and improve your business. Whoever you choose can be your partner in all things money, from payroll and cash receipts to sales tax and internal audits.  So how do you know when you’ve found the … Read more

Bookkeeping Basics: What the IRS Requires When You Hire a Contractor

Hiring staff – whether salaried or contracted – is a huge growth moment for a business owner. Not only does it prove your business’ resilience (you can afford to pay your overhead, yourself, and someone else!) it also signals your enterprise’s maturity. However, every hiring decision can be a make it or break it decision, … Read more

All About the 2021 Child Tax Credit and Advanced Child Tax Credit Payments

Recently, changes were made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit: Amount has increased for certain taxpayers Is fully refundable (meaning you can receive it even if you don’t owe the IRS) May be … Read more