Roger Ver, dubbed the “Bitcoin Jesus” by supporters, is awaiting a Spanish judge’s decision on whether he must be extradited to America to face charges of evading more than $48m in taxes for selling $240m in tokens. The U.S. expatriate was arrested in Barcelona in April, and is now living in Mallorca after being released…

In the evolving landscape of accounting and technology, there are valuable lessons that tech vendors can learn from CPAs, in three key areas: camaraderie and knowledge sharing, integration with local communities, and a cautious approach to innovation. CPAs exemplify collaboration, as seen at events like the ITA Collective, where competitors share insights, embodying the belief…

As sports wagering becomes more accessible, tax practitioners must prepare for clients with gambling income. TIGTA recently reported that around 150,000 individuals who won over $15,000 failed to file tax returns on those earnings. Tax practitioners need to emphasize that all gambling winnings are taxable, regardless of how they are reported. Casual gamblers should report…

An Australian parliamentary inquiry has made more than 40 recommendations to reform the audit and consulting industry, following a major scandal involving PwC that saw the Big Four firm misuse confidential tax briefings to shape tax strategies for clients ahead of the introduction of new laws in 2016. It calls for key partnerships to be…

A new report from Grant Thornton has found that 28% of U.S. employees are concerned at the prospect of of their jobs being reduced or replaced by artificial intelligence (AI). Fears surrounding AI and automation are among a host of challenges facing today’s workers, who are also coping with increased burnout, global conflicts, post-pandemic inflation,…

Washington voters have decisively rejected Initiative 2109, aimed at repealing the capital gains tax, with 63.2% opposing the measure. The tax, which imposes a 7% levy on profits exceeding $262,000 from long-term asset sales, was enacted in 2021 and upheld by the state Supreme Court. Proponents of the tax argue that its repeal would jeopardize…