Tax Technical
For income tax purpose, cryptocurrency is treated as property, not currency. It depends on your purpose for acquiring the cryptocurrencies, when you acquired them for the purpose of disposal (resell or exchange), the profit from selling it is taxable income. Because...
Tax Technical
As accountants, we get asked a lot about the nature of travel between a person’s home and their place of work; and how to separate the motor vehicle expenses into components for “travel during income-earning activities” and “travel for private...
