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When people file tax returns, the SARS (South African Revenue Service) can request an “audit request.” The taxpayer will submit the necessary documents to ensure their tax returns are in check.

The information the SARS is looking for is linked to ensuring the taxpayer has filed the tax returns accurately. Such steps are standard when conducting audit proceedings. Taxpayers should always be prepared for everything.

Some of the taxpayers who have been issued an audit request have gone ahead to liaise with the tax consulting firms in the region. The information requested by the SARS includes:

• The purpose for…


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Cryptocurrencies were once viewed as a trend. Now, mainstream investors are beginning to embrace the movement started by bitcoin. The fintech world changes by the day and investors are looking for different ways to create and invest in assets based off digital currencies. You’ve heard about bitcoin from CNN, Wall Street Journal, and Forbes. It may seem a little intimidating at first, but investing in cryptocurrencies is not a difficult process. It is something that everyone can get involved in.

However, for beginners to the exciting world of blockchain, it can be difficult to find a starting point. There are…


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This is the time of year when the tax deadlines for numerous countries and states all over the word begin to approach quickly. Since this is happening in such a wide variety of places, it is natural for people to start considering taxes. The potential impact of cryptocurrency on the collection and calculation of taxes must also be considered. Cryptocurrency investments in some areas became taxable going back as far as January of 2018. The impact of taxing cryptocurrency may specifically impact the cannabis market. Approximately ten states in the United States have made recreational marijuana legal. …


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Enterprise blockchain will forever change the way businesses store and track data along with their transactions. Technology is continually evolving regardless of the enterprise, so it’s critical for IT departments to keep their current systems of records and the enterprise applications along with the new applications brought about by blockchain technology.

Adopting blockchain into the already established technology stack of businesses will add more layers into the already multi-layered enterprise architecture. This would bring drastic changes to how enterprise systems are integrated.

Building Blocks of Blockchain

Essentially, any proposed blockchain solution should have the following key components:

Shared Ledger

The earliest design of the Bitcoin blockchain…


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The Origins of Expedia and Bitcoin

In 2014, Expedia decided to accept payments for hotels using bitcoin. Expedia was considered an excellent example of the benefits of using cryptocurrency in the mainstream for a long time. Unfortunately, the story did not have a happy ending. During the summer of 2018, Expedia stopped accepting bitcoin. Now that this has been said, there were good reasons Expedia originally made the decision to accept bitcoin. There were also reasons the company eventually made the decision to stop accepting cryptocurrency. This involves some interesting aspects regarding the blockchain community. The most interesting details of the Expedia story not only have…


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As most revolutionary projects do, it started out as a rumor. Facebook started hiring for a secretive new department, and everyone who joined it was required to sign non-disclosure agreements. Kept sequestered away from the rest of the business, this mysterious new project definitely got tongues wagging in Palo Alto. Of course, as everyone knows, this new project was taking form right about the time that the company was suffering from some of the worst PR it’s ever received. With privacy issues abounding and the #DeleteFacebook taking over Twitter, it definitely wasn’t a great time for the tech giant. But…


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After the announcement made by the IRS in July 2018, paying taxes through cryptocurrencies is becoming a priority for people in the United States. Legally, cryptocurrencies are seen as property. Therefore, just like real estate, bonds, stocks, and other types of property, cryptocurrencies are subject to capital losses and gains.

One important fact about cryptocurrencies is that investing in it is not easy. For one, due to the fear of the worldwide government possibly running rampant, the crumbling of most digital tokens felled. …


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Over the past year, Bitcoin has blown beyond proportion and have become one facet of online trading and investments that individuals have been looking towards. While Bitcoin is an online currency that only a select few knew how to mine, this cryptocurrency has turned into something entirely viable for good investments. In spite of its growing popularity, there is still a lot of mystery and uncertainness surrounding this cryptocurrency.

What Are Bitcoins?

If you are thinking of investing in Bitcoin, or are planning to pay for something using Bitcoin, it is important for you to understand the intricacies of this currency. …


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There may be challenges and controversies surrounding the use of cryptocurrency, but today’s businesses are starting to embrace digital currencies for transactions because of its clear benefits. One reason is that using cryptocurrency such as Bitcoin and Ethereum is one way of edging out from the competition, simply because you are using the latest technology.

Not quite sure what cryptocurrency really is? It’s really simple. Cryptocurrency is a digital currency that makes use of encryption technology to transfer the value by way of the internet. Unlike the traditional currency, cryptocurrency operates independently from any banking system and is not limited…


Facebook Looking to Jumpstart 2019 After Disastrous 2018

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For those who were keeping track, 2018 was a horrible year for Facebook. Once a darling of the media, the platform was suddenly slammed with negative press. Massive privacy breaches took place, and suddenly users didn’t trust the social media giant anymore. Instead of apologizing, Facebook’s leadership doubled down and claimed that users had agreed to have their data exploited.

A #DeleteFacebook movement took root, spreading its wings through Twitter. With a Russia scandal on its hands — and with CEO Mark Zuckerberg called to testify before Congress — the social media juggernaut had never felt so much heat. Commenters…

New Crypt on the Block

Mining our own business since 2019 — Analysis and the latest in cryptocurrency and blockchain news

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