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Insights & Resources

Start exploring insights from across the industries we serve, featuring the latest industry trends, compliance alerts, tax and accounting news and much more.

There are plenty of questions about cryptocurrency and blockchain, so Weaver’s Beyond the Numbers reached out to Tim Savage, who oversees tax services for Weaver’s Cryptocurrency Task Force, to help answer those questions.
As 2021 comes to an end, many organizations are winding down another hectic year, and planning for 2022 with much more optimism.
The growing popularity of virtual currencies and their potential to facilitate tax evasion has prompted the Internal Revenue Service (IRS) and Congress to impose additional reporting requirements on taxpayers who hold or use virtual currencies.
With cryptocurrencies becoming more mainstream, Weaver is consistently asked to decrypt what crypto means for individuals and businesses that want to learn more.
When cryptocurrencies first came on the scene, they were widely viewed as a fringe development, but in recent years they’ve moved closer to the mainstream.
Tax requirements from the IRS and multiple states can keep you running in circles. That’s why you need Weaver. From initial planning through the final filing, Weaver can assist you with your federal and state returns, as well as quarterly payments and ongoing fixed asset changes.
Public companies that file under the ASC 740 income tax provision face complex financial reporting requirements that can challenge even the best tax departments. Given that the income tax provision directly impacts financial reporting both quantitatively and qualitatively, it is imperative that it be prepared and reviewed with the appropriate level of knowledge.