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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S. state to offer this way of paying for business taxes, noted Overstock in the press release. “We Byrne said in prepared remarks. “We

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Ohio Treasurer Suspends Bitcoin Business Tax Payment Program

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The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately.

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Answers to Retail Business Questions About Sales Taxes

CPA Practice

By Gail Cole Is sales tax based on shipping address or billing address? Understanding how sales tax works is fundamental for every retailer. If you’re doing business in a state with a sales tax, you may know you need to register for sales tax, then collect and remit tax as required by law.

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Crypto Fails To Impress For Corporate Tax Payments

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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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Lodging Tax Insanity — So Many Ways to Tax Accommodations

CPA Practice

Still, whatever discomfort I experience when booking a room has nothing on what lodging platforms have to endure to comply with the multitude of lodging tax requirements in the United States. We talk a lot about how complicated sales tax compliance is at the Avalara Tax Desk, and it is. Sometimes you just have to go with it.

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Wirex Rolls Out Beta Version Of Crypto Business Account

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“We’re launching a business account which offers all of the same great features and puts a stop to the pain encountered by crypto businesses when opening an account under a legal entity name.”. Cryptocurrency and business relationships have been slowly becoming more mainstream.

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Sikich Goes Shopping in Cleveland, Acquires Thornhill Financial

CPA Practice

Top 30 accounting firm Sikich has signed an agreement to acquire the operating assets of Thornhill Financial, a Cleveland-based accounting firm that provides tax, audit, and financial advisory services. The deal, which was announced on Nov. 9, is expected to close at the end of this month.

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