bitcoin Finance 

Bitcoins And Benefits Of Paying Using Them

Bitcoin is a type of cryptocurrency which is made to enable online users to make transactions via digital units known as bitcoins. The cryptocurrency was developed by a programmer, and over time there it has had a lot of arguments about the authenticity of the cryptocurrency. The block chains ae then updated in all connected computers to give information about the transaction that has been successfully completed. Since the inception of bitcoin individuals who have used it have testified how it has benefited them significantly. bitcoins have been known to have advantages which even he physical currencies do not offer. Here are some of these benefits.

No third-party seizure

The good thing about bitcoins they do not involve third parties when you are making transactions. You will do bngjfhnall the transactions indecently, and no person will be able to seize your bitcoins. The bitcoins will only be sent to the wrong person in case you are forced to do by other means. This also implies that not even the government will be able to freeze your wealth. Choosing to invest in bitcoins will give you the freedom to spend your money as you wish.

There are no taxes to be paid

Since there is no third party in the transaction made using bitcoins, that also means you will not pay taxes. Similarly, even if taxes are to be introduced there is no way a taxation system can be implemented on bitcoin. You will only be able to pay taxes just in case you feel like doing so voluntarily.

Does not involve tracking

bitcoinAnother amazing factor about bitcoins is that no one will be able to trace your transactions. This is only possible if you chose to give your wallet address to some people. Only the developers will be able to tell how many bitcoins you have. In case you publicize your wallet, you can change it by generating another one. The wallet addresses play a significant role in enhancing your privacy. This is entirely the opposite of traditional currencies which allow third parties to access your financial data.

Bitcoins are highly secured

Also when you invest in bitcoins, you will not think about them getting stolen. The address which shows ownership can only be given by you. For one to steal your bitcoins, they will have to access your bitcoins using an address which you provide them with. But if they don’t have the access address then stealing bitcoins will be difficult. On the ether hand when making bitcoin transactions, you will not be charged the transaction costs.


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group of consultants Finance 

How to find the best tax consultant company

Tax is a liability of a company towards its government. It is a criminal offense for a company not to pay its tax. A group can be held reliable if it pays the lesser fee than required. For businesses, yearly taxes are paid at the beginning of the year. They are approximated using the net profits that company made the previous year.

There is a legal way in which a company can reduce its tax liability. The management of every company should seek to conduct her business in a way that it costs them a secondary tax. Hiring a tax consultant is the best option. At Honest Tax, all the tax services can be offered at the best competitive prices.

How can the best tax consultant be identified?

Qualification of the employees

check list and laptopA tax consultant company is a professional job. All it employees should be professionally qualified to perform the assignments of a client. All the employees should understand all the accounting standards that a company operates on. Employees should have the necessary accounting knowledge. CPA qualification is a required qualification for all the employees. They should all be registered with the professional body in charge of accounting and taxation. Apart from the taxation knowledge they should also be able to provide other professional services like auditing and bookkeeping.

Reputation of the company

The reputation of a company is the true reflection the company and the real face of the services to get from the company. A reputable company is one that all the clients are happy and satisfied with the services offered by the company. Before hiring a tax consultant company, be sure to check how many clients the company has. Check to see however this company exist. Check whether the companies have ever landed on the wrong side of law due to tax in compliance.

A reputable company should have been in the business for a reasonably long time. Being in the market for a long time give the industry an ample time to learn the accounting environment as well as statutory requirements of companies. A reputable company should be licensed to perform the business it engages in. Be sure to check on the licenses of the companies. Check if the licenses are up to date and whether they are legit. They should be openly displayed on the premises. A reputable company should also be recommended by the government and other stakeholders in the economy.

Cost of hiring the services

talkingThe main reason why a company considers to hire a tax consultant is to reduce the tax liabilities and further reduce the operation cost of a company. The cost of hiring such a service should be less than the benefits derived from the company. The management should reduce its operation cost by legally reducing the tax liability and also paying the tax experts for their services. The tax company should charge a reasonable amount of money from their clients. In addition to that, they should also offer other free services, for example, bookkeeping and auditing.…

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