Big Changes for the Crypto World Part 2: How the Proposed Provisions in the Build Back Better Act will Impact Cryptocurrency

At a glance The main takeaway: The Build Back Better Act continues to be debated by the Senate. This bill also has some major provisions which have the crypto world buzzing. Impact on you and your business: Those who deal in cryptocurrency could lose the ability to skirt the Wash and Constructive Sale Rules if this bill…

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Big Changes for the Crypto World Part 1: How the Infrastructure Investment and Jobs Act will Impact Cryptocurrency

At a glance Schedule a consultation with Aprio today. The full story: What does cryptocurrency have to do with infrastructure? Not much, other than the fact that it plays a role in how Congress intends to pay for the infrastructure bill. There are two primary reporting requirements which concern the crypto industry:  IRS Forms 1099-B…

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Infrastructure Investment Jobs Act and Build Back Better Act: What’s in these Bills and the Impact on You and Your Business

At a glance: The Infrastructure Investment Jobs Act passed by Congress on November 5, 2021 has been sent to President Biden to sign. Learn about the incentives included and how they may benefit you and who will pay for the benefits. Learn about the new crypto filing requirements that will impact everyone involved in investing…

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Female Entrepreneurs: Find the Right Grant for Your Small Business

At a glance Fund raising remains the top challenge: Women-owned businesses are a growing force in today’s economy, yet they continue to face challenges securing funding. Finding female-focused funding: There are a lot of resources out there, but it can be tricky to narrow down the opportunities specific to female entrepreneurs. You don’t have to go it…

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What Upcoming Tax Legislation Might Mean For You, Your Business, and Your Estate Plan

At a glance The main takeaway: House and Senate Democrats are debating and modifying President Joe Biden’s tax proposals with a view toward passing legislation as part of the budget reconciliation process. Each of the competing proposals contain tax increases, including rate changes, new or restored limitations on deductions and the likelihood of increased IRS enforcement.…

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Blockchain: The New Fraud Fighting Tool

At a glance: More than a trend: From banking and currency to supply chain and manufacturing, blockchain technology can support a wide range of industries by delivering immediate, transparent, and secure information. Blockchain as a fraud preventative: Real-world uses for blockchain technology continue to expand as users realize its full potential to combat fraud; however, no system…

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Inside the $80 Billion Plan to Enhance IRS Enforcement

At a glance The main takeaway: President Joe Biden and his administration have proposed an $80 billion budget increase for the IRS with the goal of closing the tax gap and cracking down on potential cases of tax evasion. Impact on your business: If the proposals are passed, businesses should expect increased scrutiny and more in-depth examinations…

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Tax Update: New Guidance on New York’s Pass-Through Entity Tax Credit

NYC skyline

At a glance The main takeaway: New York State just recently provided some additional guidance on its pass-through entity tax credit, including eligibility, election periods and estimated payments, among other areas. Impact on your business: It’s important to understand the key nuances of how the credit works, especially if you are an eligible partnership or S corporation.…

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