In this podcast episode, Jessica from Beta Virtual Assistance explores the latest developments in Central Bank Digital Currency (CBDC) in the USA and the critical importance of safeguarding financial privacy. She also shares valuable insights on how creating online courses can be a great source of future investment funds for the successful entrepreneur and looks at several ways to optimize your … [Read more...]
Ep. 010: Defi: The Double-Edged Sword of Crypto Investing – How to Stay Sharp
Join us in this podcast episode where we delve into the world of Defi (Decentralized Finance) protocols. Discover what some common Defi protocols are, their potential rewards, and the critical risks you need to be aware of. We also touch on the complex topic of tax implications when investing in these protocols. Stay informed, stay safe, and learn how to navigate this fascinating but challenging … [Read more...]
Countdown to the USA Crypto Tax Extension Deadline: Your Ultimate Guide
Introduction Hey there, crypto enthusiasts! As the cryptocurrency market continues to recover flounder, it's time for us to have a serious chat about taxes. Yup, you heard that right. With the extension deadline for US taxpayers creeping up, we need to tackle the nitty-gritty of tax filing, penalties, and why it's so darn important to do it right. So, grab your calculators and let's dive 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. 009: Crypto Tax Adventures: Real-Life Stories of Managing Cryptocurrency Taxes
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...]
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...]