Thyor Advisory Group

12/21/2020

Congressional leaders reached a deal on a roughly $900 billion spending package to bolster the U.S. economy amid the continued coronavirus pandemic giving lawmakers a short timetable to review and pass the second largest economic-rescue measure in the nation’s history.

10/10/2019

IRS has released new guidance to clarify its stance on for purposes. The clarification was on crypto-to-crypto transactions, crypto-to-property transactions, , , , for remuneration, crypto , crypto for , etc.

We are proud to say that our advice to our crypto clients for the past 6 years, even in times of no guidance or clarification from , was/is exactly inline with the new guidance. This not only means that we and our clients got it right, but also significant savings for our clients in any possible potential , tax disputes, and .

Our tax strategies for our crypto clients covered a wide variety of unique cases and required forward thinking, creativity, scenario analysis and deep strategy sessions, while ensuring low risk exposure for our clients.

Contact us to help you develop a crypto tax strategy. Crypto is the future.

Frequently asked questions and answers about Virtual Currency transactions.

04/19/2019

Data science has become a widely used term and a buzzword as well. It is a broad field representing a combination of multiple disciplines. However, there are…

04/11/2019

Partnerships are the one of the most popular investment vehicles, especially publicly traded partnerships (PTPs). They are widely used by investment funds; and allude to higher yields compared to stocks, however the comparison itself is flawed. On the face of it PTPs look attractive to investors but the devil is in the details. The compliance and reporting costs for the individual investors can be substantial especially when it comes to taxes. Which makes tax planning and strategies all the more critical.

04/05/2019

‪With the launch of Whatsapp Business in US we are excited to add this to our communication options. The ease of use, wide adoption, & secure encrypted platform will greatly benefit our clients.‬

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04/04/2019

A summary of sch K-1 changes for partnerships and passthrough entities. In summary a lot more reporting on basis issues, and international tax items such as Sec 951A GILTI, Sec 965a, subpart F. Good times!

This article discusses the new items practitioners should be aware of.

03/25/2019

Failure of systems and personnel to detect such sophisticated fraudulent transactions is more common than you may think. It affects small, medium and large businesses alike. If large technology companies like Facebook and Google failed to timely detect these fraudulent transactions, imagine the magnitude for less tech savvy businesses. (Link below)
This is one of those areas where Data Science, Artificial Intelligence and Machine Learning can spot fraudulent transactions and warn personnel. Banks have increasingly adopted such technology and systems to reduce and mange such risks and attacks.
However, the technology and systems needed to detect and prevent more sophisticated attacks, and especially collusion, requires a much higher level of ‘artificial intelligence’.
Let our automation and AI tools help you not only manage such risks, but scale up with greater efficiency as we design your workflow systems.
https://boingboing.net/2019/03/24/evaldas-rimasauskas.html

03/23/2019

The tax filing deadline April 15 is only 3 WEEKS away. While you can file an extension for more time to file your tax returns, you cannot get an extension to pay your taxes due.
We can analyze your transactions and financials to determine possible taxes due for federal and applicable states. Timely payment of taxes will save you from painful penalties and interest payments on top of taxes.
Additionally, we can also analyze your current year transactions, financials and budgets to estimate quarterly current year tax payments which are required for high income individuals and businesses.
Contact us to discuss your options and for a customized price quote.

#1040 #1120 #1065

03/14/2019

09/13/2018

It’s great to be original, the pioneer or the first; but none of that matters if your ex*****on is awful. In business and startup world it’s all about the ex*****on of the product & services.
Look at all the major tech companies for example. None of them were original or pioneers of their products. How many times have you looked at a new product and thought this is awesome & “revolutionary”, only to be disappointed. Many successful founders & companies took inspiration from the firsts and copied their product, then perfected it before delivering it with impeccable ex*****on.
The processes & systems that build the product and then deliver it to the end consumer while providing a captivating experience is what matters. So be good at your craft. Be very good.
How did you perfect your craft?

09/07/2018

“Secret”, the most overrated word used in defining success. Whether it’s your career, your life, your relationships, or your business.
All that’s needed is grit, perseverance, learning from mistakes, perfecting your art and building on wins, all the while staying humble & thankful.
What’s your “secret”?
📸 Maarten van den Heuvel

09/05/2018

Envisioning your idea and success is necessary to stay on track, and committed to achieving the ultimate goal. Your mind is the most powerful instrument, and optimism should be the only fuel.