The “Real” Truth About U.S. Savings Accounts
U.S. savings accounts are running at negative interest rates, so in an effort to save money, you could be losing value and spending power. January 24, 2018 From a young age, you were taught by your parents to save money. In the U.S. the first place you went to do that was your local bank. […]
Big Changes for Bonus Depreciation
Bonus depreciation is changing in a big way, so it might be time to figure out how you take advantage of the new laws. January 17, 2018 By: Diane Kennedy, CPA USTaxAid.com The 2018 Tax Cuts and Job Act has three important differences regarding bonus depreciation: 1. The bonus depreciation will temporarily be 100%! 2. In order […]
Careful What You Wish For: Government “Legitimizes” Cryptocurrencies
With all the clamoring for Bitcoin and other cryptocurrencies to be recognized as legitimate, has anyone considered what it means to mainstream them? January 8, 2018 By: Bobby Casey, GWP Managing Director Advocates of Bitcoin and other cryptocurrencies have been quite vocal over the years about recognizing cryptocurrencies as a legitimate currency, as opposed to […]
Going Into 2018
The myriad changes that unfolded in 2017 will make for an interesting 2018 from the US tax legislation, to the global economy, and to cryptocurrencies. January 1, 2018 By: Bobby Casey, Managing Director GWP There are numerous interesting issues to watch in 2018 including the effects of the recent tax bill, cryptocurrencies, and even the […]
Bitcoin and the IRS
IRS makes headway in pursuing Bitcoin owners including full access to owner information for transactions from 2012-2015 over $20,000. December 22, 2017 By: Diane Kennedy, CPA USTaxAid.com The IRS recently won a landmark case against Coinbase, giving them access to all owner information for cryptocurrency transactions totaling over $20,000 from 2012-2015. Right now, there is […]
Congress Re-defines “Financial Institution” Targeting Cryptocurrency Users
Congress secretly decides to change the definition of “financial institution” targeting cryptocurrency users. December 11, 2017 By: Bobby Casey, Managing Director GWP Congress certainly has a special vendetta against money launderers; the policies for which are careful to target cryptocurrency accounts as well. We have brought these stories to your attention over the years, and […]
Cryptocurrencies Offer Safe Haven for Citizens Around the World
Constituents around the world turn to crypto-currencies as a safe-haven from unstable and corrupt governments. November 20, 2017 By: Bobby Casey, Managing Director GWP There will always be the skeptics, but crypto-currency has no doubt had an indelible impact: especially to constituents of smaller countries whose governments are unstable and corrupt. After the major expropriation that happened […]
Paradise Papers Have Offshore Under Scrutiny Once More
The Paradise Papers, a major data leak exposing offshore asset protections, has ignited debate over legal tax avoidance versus ethical concerns. While some criticize the wealthy’s use of tax havens, others argue such actions are legitimate. Ultimately, the controversy highlights broader issues around government spending and accountability rather than solely focusing on the wealthy.
Canadian Middle Class Concerned About Morneau Tax Proposal
The “consultation period” on Bill Morneau’s tax proposal is closed and the Canadian middle class is rightly concerned. October 9, 2017 By: Bobby Casey, GWP Managing Director In the 75-day consultation period on Canadian Minister of Finance, Bill Morneau’s, tax plan leading up to October 2nd, I happened upon a petition in firm opposition to it. […]
US Debt Tops Twenty Trillion, With No Spending Cuts in Sight
The US topped twenty trillion dollars in national debt and the Republicans want to cut taxes but not spending. October 2, 2017 By: Bobby Casey, Managing Director GWP The US just surpassed the twenty trillion dollar debt mark, and there’s little prospect of that turning around. Republicans who were once very critical of the fiscal […]
