In this podcast episode, join Jessica from Beta Virtual Assistance as she delves into the world of cryptocurrency taxes. Discover the significance of importing all your crypto transactions into your tax software, even the smallest ones, to establish accurate cost bases. Jessica shares real-life challenges and solutions, from missing data to provider changes, offering valuable insights into … [Read more...]
Crypto Tax Adventures: Real-Life Stories of Managing Cryptocurrency Taxes
Welcome back to our regular Thursday Tax Tips session, where we dive into the world of cryptocurrency and its tax implications. Today, we'll discuss the importance of importing all your cryptocurrency transactions into your tax software, share some real-world experiences, and shed light on why it's crucial to keep a close eye on your crypto activities for tax purposes. (This post is from our … [Read more...]
Ep. 007: Crypto Payments in ICO Coins: Risky Proposition or Hidden Gem?
In this podcast episode, Jessica from Beta Virtual Assistance explores the world of cryptocurrency investments and the potential pitfalls that come with Initial Coin Offerings (ICOs). Discover the risks and rewards of ICOs, learn why accepting payment in ICO coins can be risky, and get a glimpse into the complexities of coin minting. Jessica also sheds light on the volatile nature of the crypto … [Read more...]
Unmasking the Crypto Superheroes: How Bitcoin and Co. Are Saving the Environment!
Hey there, fellow environmental enthusiasts! Today, we're here to talk about a topic that may leave you scratching your head: how Bitcoin and other cryptocurrencies are making our planet greener. Yes, you read that right! Brace yourself for a wild ride as we explore the positive effect these digital superheroes are having on the environment. Now, I know what you're thinking. Bitcoin? … [Read more...]
Ep. 005: What to Do If The Data From Your Crypto Account Is Messed Up
This podcast episode provides important tax tips for crypto investors facing issues with their exchange accounts. We emphasize the significance of maintaining detailed account history and offer strategies for reconstructing transactions if access is lost. Being proactive, downloading transaction history regularly, and keeping records of deposits and withdrawals are crucial. We also recommend … [Read more...]
What to Do If The Data From Your Crypto Account Is Messed Up
Today, we're discussing crucial tax tips on what to do if your crypto exchange account experiences issues, vanishes, or simply doesn't provide you with the information you need for tax reporting. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction Welcome to another Beta Virtual Assistance Facebook live session. The Importance of … [Read more...]
Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging
In this article, we'll delve into the current state of Bitcoin, the upcoming halving event, the concept of dollar cost averaging, and some noteworthy developments in the crypto market. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) First, before we get too far, this blog post may contain links to products that we have tried and liked. If … [Read more...]
Ep. 004: Navigating the Volatile Crypto Market: A Closer Look at Bitcoin and Dollar Cost Averaging
In this podcast episode, we delve into the current state of Bitcoin and explore the concept of dollar cost averaging as a strategy for navigating the volatile crypto market. Bitcoin's price has been fluctuating, with experts suggesting that it could drop to $20,000 if it fails to surpass a certain line. We also discuss the upcoming halving event, which involves reducing the rate at which Bitcoin … [Read more...]
Crypto Tax Tips: How to Navigate Different Types of Crypto Income
Today, we're diving into the world of crypto investing, discussing various crypto income types and how they impact your taxes. (This post is from our series of Facebook Lives. Catch the next one on our Facebook channel.) Introduction It's Thursday, and that means it's time for another round of Thursday Tax Tips with Beta Virtual Assistance! Hodling - The Buy-and-Hold Strategy The … [Read more...]
Ep. 002: Crypto Loan Pitfalls: Avoiding Tax Traps in Volatile Markets
In this podcast episode, we explore the intriguing world of cryptocurrency loans and their tax implications. Discover how borrowing against your crypto holdings can be a smart strategy if you avoid common tax traps, helping you avoid capital gains taxes when selling your digital assets. We also share essential tips for managing crypto loan transactions for tax purposes. However, be careful about … [Read more...]