In Nov. 2021, President Biden touted the robust growth of small businesses in the U.S. As 2022 moves forward, how does this square with data on business growth over the two years since the pandemic began, particularly in Texas? Continue Reading
Last week, the Joe Biden administration released a long-awaited executive order containing a government-wide outline for digital assets, focusing on cryptocurrency. The guidance is a welcome and timely development for both regulators and investors. Continue Reading
Perhaps surprisingly, the latest national data published by the U.S. Department of Labor suggest that the COVID-19 pandemic has not given small businesses greater cause for concern over the cost of health care benefits. Continue Reading
This post reviews recent federal government efforts, through the IRS and legislation, to close the $1 trillion gap between cryptocurrency taxes owed and those actually paid. Continue Reading
How does the market in non-fungible tokens (NFTs) operate and how are the often extraordinary proceeds taxed? Read on to find out. Continue Reading
The rise of the gig economy has brought increasing concerns about tax compliance. Two recent changes to tax reporting rules — the comeback of Form 1099-NEC and a reduction in the reporting threshold of Form 1099-K — have important implications for the sharing economy sector. Continue Reading
Special purpose acquisition companies (SPACs), which are commonly known as a type of “blank-check company,” have experienced a massive surge in popularity over the last year. Given their rising numbers, this blog post discusses how they work and some of the key income tax considerations that are often overlooked. Continue Reading