1. Over 1,500 Cryptocurrency Complaints Per Month According to FinCEN Director

    What Is FinCEN? FinCEN was founded in 1990 with the goal of fighting money-related crime. The agency analyzes financial transaction information with the goal of combating terrorism financing, money laundering, and other financial crimes. Some specific areas related to FinCENs focus on cryptocurrency: * Potential illicit finance and fraud regarding initial coin offerings or ICOs * Crypto businesses…Read More

  2. HOW TO ESTABLISH A COMPANY STRUCTURE FOR CRYPTOCURRENCY MINING OPERATIONS

    Any business decision you make, especially directly related to your finances and business structure, should be made with a defined cost, benefit and purpose. The focus should be on maximizing your time and money by focusing on how much money you are saving versus the time it took to save that money. One of the first decisions an investor makes when establishing a new cryptocurrency mining operatio…Read More

  3. How Real Estate Investing Impacts Investors Tax Rate

    Investors focus on real estate for a variety of reasons. There are great tax benefits for real estate investors and most investors agree that, while supplemental, they invest to reduce their tax burden. After consulting and strategizing with hundreds of investors, I’ve come to realize that most don’t actually know how real estate investing impacts tax rates. Here at Camuso CPA, we offer a wide…Read More

  4. CHARLOTTE GROWS TECH TALENT POOL AT FASTEST PACE OF 50 MARKETS IN CBRE’S ANNUAL REPORT

    Charlotte grew its tech talent pool at the fastest pace, and, for the first time, moved up into the large-market bracket in CBRE’s sixth-annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. Charlotte has a tech talent labor pool of 54,200, or 4.6 percent of its total employment, compared to the national average of…Read More

  5. How Tax Reform Impacts Real Estate Investors Tax Rates

    Here at Camuso CPA, we offer a wide array of tax services for real estate investors including tax preparation and tax planning. While the full implications of the Tax Cuts and Jobs Act are still unraveling, a number of tax-planning opportunities have presented themselves. Here we will outline how performing cost segregation studies can lead to permanent tax savings. On 22 December 2017, the Presid…Read More

  6. Ernst & Young Acquires Cryptocurrency Tax Technology & Patents

    Big 4 professional services firm, Ernst & Young has acquired the technology assets and related patents of Andy Crypto-Asset Accounting and Tax, a technology developed by a startup called Elevated Consciousness, Inc., that connects multiple cryptocurrency exchanges and wallets, allowing for better visibility into cryptocurrency transactions and inventory. EY’s global innovation leader for blo…Read More

  7. Asian Asset Management Firm to Launch Crypto Custody for Family Offices

    Asian asset management firm Fusang Investment Office is set to launch a crypto asset custody service called Fusang Vault in Hong Kong. The service is expected to go live during quarter 4 of 2018. According to reports, they are expanding operations into these areas due to heightened interest in cryptocurrencies from high-net-worth individuals and institutional clients. According to the company’s …Read More

  8. Tax Planning For Cryptocurrency Miners

    Miners are a critical part of the cryptocurrency ecosystem. New coins and bitcoin forks are being developed every day with the goal of making mining easier for both existing mining pools and new market participants. But now that an increasing number of individuals and businesses are receiving mining income, tax compliance and tax planning become an imperative consideration for any reputable operat…Read More

  9. CFA 2019 Exam Includes Crypto And Blockchain Topics

    According to Bloomberg, the Chartered Financial Analyst (CFA) examination has added cryptocurrency and blockchain to its curriculum. Candidates for this exam are generally expected to clock 300 hours of study time. The exam, run by the CFA institute, has reportedly prepared over 150,000 financial sector professionals through its intensive 3-tiered program, which is now set to include crypto and bl…Read More

  10. Tax Reform Increases Cost Segregation Benefits for Real Estate Investors

    Here at Camuso CPA PLLC, cost segregation is just one of the services that we provide at our firm. For those of you who are unfamiliar with the term, cost segregation is simply the act of identifying the assets of a business, their value, and then classifying those assets in regards to the federal tax code. It can be beneficial for many businesses and investors. While the full implications of the …Read More