- Bitcoin Transactions Coming Under IRS Scrutiny
- Apparently the use of virtual currency in investment and business transactions has reached such proportions as to catch the IRS’s eye. Coinbase, the largest bitcoin exchange firm in the U.S., has been served with an IRS John Doe summons seeking records of all customer transactions with the company from 2013 through 2015. Sources familiar with the case indicate Coinbase will most likely oppose the summons.
- Excited About the Social Security Benefits Increase for 2017?
- The Social Security Administration (SSA) announced that Social Security (SS) benefits will be revised for a cost-of-living adjustment (COLA) increase of 0.3% in 2017. While this is better than the 0% increase that occurred for 2016, don’t get excited; the typical older adult receiving benefits will see only a $4.00 increase in his or her monthly check to about $1,360, according to the SSA.
- 10 Questions to Ask Your Financial Team When Starting Up
- Starting up your business is an exciting time, but it is also a time with many questions. While it may seem initially very easy to create a product, open a store, and start selling, the financial aspects of being successful are a bit more challenging. As you consider the process of starting up, work with a local financial planning team and tax professional to ensure you get your financial footing in place now. Ask these questions.
- How Using a Business Credit Card Can Boost Your Business Cashflow
- Cash flow is king for a small business owner. To extend payment terms you can use your business credit card's grace period to your advantage.
- Use Recurring Transactions in QuickBooks Online
- You know how much time QuickBooks Online already saves you. Customer, vendor, and item records need never be entered again once they’re created for the first time. Pre-built forms use your record data to complete transactions quickly and accurately. Customizable report templates provide real-time overviews of your financial status in every area.
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