Bitcoin Accounting

With the advent and recent popularity and soaring prices of cryptocurrency, especially Bitcoin (BTC), there’s a need for accounting for cryptocurrency especially in regards to taxes. ***Note I will use BTC and cryptocurrency interchangeably throughout this report. What applies to BTC applies to all cryptocurrencies.*** IRS Treatment...

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10 Accounting Mistakes Business Owners Commonly Make

While business owners want to (and should) be involved in all aspects of their businesses, you don’t need to be an expert in every one of these aspects. Many owners wear multiple hats well; however, they find the bookkeeping/accounting hat a harder one to wear. Financial mistakes can adversely...

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