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Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift.

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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. to allow businesses to pay their corporate taxes in bitcoin. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

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Friday Footnotes: Big 4 Culture Gets Slammed Again; Audit Leads the Way in AI; Small Firm Gripes | 11.10.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Now’s the time so check out Accountingfly’s top remote accounting candidates of the week. Note: We’re skipping Footnotes next Friday to unveil a surprise.

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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

The bill also addresses the treatment of business interest expense, bonus depreciation, and research and experimental costs. Disaster Tax Relief Recognizing the impact of natural and man-made disasters, the legislation provides tax relief for recent hurricanes, flooding, wildfires, and the Ohio rail disaster.

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House passes the Tax Relief for American Families and Workers Act of 2024

ThomsonReuters

The bill also addresses the treatment of business interest expense, bonus depreciation, and research and experimental costs. Disaster Tax Relief Recognizing the impact of natural and man-made disasters, the legislation provides tax relief for recent hurricanes, flooding, wildfires, and the Ohio rail disaster.

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