1. Why Investors and Business Owners Need a CPA BEFORE Year-end &Tax Season ~ Protect Your Bottomline

    Here at Camuso CPA, we offer a wide array of tax services for investors including tax preparation and tax planning. Financial service and technology companies are transitioning from employee driven revenue models to information driven revenue models. Camuso CPA strives to deliver useful insights and offer relevant explanations about the latest tax and financial topics. In our Experienced CryptoCPA…Read More

  2. Big 4 Report Finds That 2018 ICO Volume Double That of Last Year

    According to a joint report from consulting firm PriceWaterCooperHouse and the Swiss Crypto Valley Association, Initial Coin Offerings (ICOs) volume reached new record highs in the first half of 2018 despite the price collapse of cryptocurrencies. Between January and May 2018, ICO volume is already twice as much as it was during the entire year of 2017. Regulators and traditional financial institu…Read More

  3. HOW ESSENTIAL PROPERTY TAX MANAGEMENT IS?

    From the word per se`, “management” is a way of managing taxes; a person ensures that he is making timely payment of taxes without running out of the money and is complying with all the provisions of the law for his property that needs to be reported for tax purposes. Property tax is a tax assessed on real estate. The tax is usually based on the value of the property including the land one own…Read More

  4. The Genesis of CryptoCurrency

    In a fast pace financial industry, Bitcoin and all the cryptocurrency family can be considered a real phenomenon and become not only an object of attention in the Internet environment, among professionals, investors,  business tycoons and all walks of life are discussing this phenomenon because this is not just a progress, but a real leap in the financial industry. Bitcoin the New Currency Evolut…Read More

  5. What Taxpayers Need to Know About the Home Office Deduction

    If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes. This is a valuable tax deduction that should not go overlooked by taxpayers determined to effectively maximize profits and minimize taxes. Taxpayers cannot deduct more than the net busi…Read More

  6. Common Questions Regarding Charitable Remainder Trusts

    Do I have to take the income now? You can set up the trust and take the income tax deduction now, but postpone taking the income until later. By then, with good management, the trust assets could have appreciated considerably in value, potentially resulting in more income for you.   How is the income tax deduction determined? The deduction is based on the amount of income received, the type a…Read More

  7. Tax Efficient Way to Purchase Home For Children

    There are several ways to approach purchasing a second home for a child to temporarily live in. This is very common for parents with children who are going to college or transitioning into a new stage of life. With simple planning, your children can gain immediate access to their home and you gain some new tax deductions.  You can rent the home that you purchase to your children and treat the pro…Read More

  8. What is my cost basis for my Cryptocurrencies Investments?

    Reporting and enforcement regarding the taxation for cryptocurrencies presents many challenges for the IRS and taxpayers. The IRS requires that taxpayers report the fair-market value of their coins on the date that the currency is received. Taxpayers must determine fair-market value in a "reasonable manner which is consistently applied”. Generally, the fair-market value reported by a taxpayer di…Read More

  9. Single Member LLC’s (SMLLC)

    Single-Member LLC's offer significant benefits to their owners'; whether such an entity is beneficial for your business depends on the details of your own personal situation. As the name implies, a Single-Member LLC is a limited liability company with only one owner. Single-Member LLCs protect personal assets from the liabilities associated with the business conducted by the LLC.  If you use an L…Read More

  10. Steps to Establishing An LLC

    The requirements for establishing an LLC can vary from state to state, but there are commonalities across states. The name of your LLC must comply with the rules of your state's LLC division. the name cannot be the same as the name of another LLC on file with the LLC office the name must end with an LLC designator, such as "Limited Liability Company" or "Limited Company," or an abbreviation of one…Read More