Fixed assets are assets that are staples of your business, like property, equipment, and plants. These assets are tangible and depreciable, and typically last for longer than one year. Understanding ...

Previously, Section 6050I required any person engaged in a trade or business who received at least $10,000 in cash, whether in U.S. dollars or a foreign currency, to report the transaction to FinCEN ...

On 10 October 2022, the Organisation for Economic Co-operation and Development (“OECD”) published the final guidance on the Crypto-Asset Reporting Framework (“CARF”) and a set of amendments to the ...

The EU’s DAC8 directive integrates CASPs into the tax reporting system by aligning with the OECD’s CARF framework. This ensures greater transparency in crypto transactions under the CRS. CASPs serving ...