Accounting, CryptoAccounting, Taxation

BTC is dropping…

btc

The value of bitcoins (BTC) is dropping – Coinbase Exchange, 17 Jan 2018 11:32, records a dip of £6,723.80 since last month – and alternative crypto coins, aka altcoins, are following the leader (see Coinmarketcap.com for comprehensive details).

However, be aware that dumping your wallet now not only generates lower income, it may make you liable to cryptotax. I cannot offer investment advice but when storms are raging, HODL may be a good option.

 

About Phoenix

Accountant | Tax Specialist | Mother | Entrepreneur | Blogger

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Phoenix Debola is licensed and regulated by the Institute of Financial Accountants (UK), the Institute of Public Accountants (Australia) and FA and the Association of Accounting Technicians (AAT) to provide Accountancy, Tax and related services. IFA/IPA and AAT are recognised by HM Treasury to supervise compliance with the Money Laundering Regulations and Phoenix Debola Accountancy Practice is supervised by the AAT in this respect.

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