IRS Unveils New Digital Asset Tax Form Amidst Rising Popularity
Cryptocurrency ownership rates continue to increase: 40% of Americans now own crypto, up from 30% in 2023. And the IRS has noticed. Last month, they released a draft of Form 1099-DA – “Digital Asset Proceeds from Broker Transactions.” This will be the official tax form crypto owners and brokers will use to report digital asset transactions starting in 2025.
read moreA Magic Formula: How Often You Should Meet with Your CPA
As financial experts, we recommend meeting with a CPA at least quarterly, though the frequency may vary depending on the current phase of your business. These meetings aren’t just about reviewing reports. In-person meetings provide a platform for open discussions that could lead to valuable insights and may uncover critical issues or opportunities for
read moreWhy Succession Planning is Your Secret Weapon for Growth
Every entrepreneur will tell you that building a successful business is exhilarating – and the thought of letting it go is stressful. You’ve poured your heart and soul into nurturing your business, but what happens when it’s time to pass the torch?
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