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Converting cryptocurrency to cash

The cryptocurrency market has developed at a rapid pace over the last few years. For consumers, cryptocurrencies can offer a cheaper and faster peer-to-peer payment option compared with traditional money services, as well as enhanced privacy and protection. As these currencies continue to gain momentum and investors generally appear confident about the opportunities associated with

The big crypto trends to watch out for in 2022

2021 was a big year for cryptocurrency, skyrocketing investors’ interests and discussions in popular culture. But what’s next? The crypto industry is constantly evolving. While it’s impossible to predict precisely what will happen in the long term, we can follow current themes from regulation to the adoption of crypto payments to better understand the market.

Crypto tax UK: What you need to know

Cryptocurrencies – particularly Bitcoin – have made it mainstream in recent years, making them almost impossible to ignore. Yet, a veil of mystery surrounds the subject, especially when it comes to crypto tax. Thankfully, HMRC was one of the world’s first tax offices to release clear guidance on cryptocurrency tax in the UK – and

A beginner’s guide to cryptocurrency

Described by many economists as the ‘future of money’, cryptocurrencies are big news taking the world by storm. Spearheaded by Bitcoin, which launched in 2008 as the first-ever cryptocurrency, there are now thousands of these digital assets growing day by day. However, that doesn’t make it any easier to grasp. So, if you find yourself

Are tax havens legal?

As the name suggests, tax havens are locations that offer foreign individuals and businesses little or no tax liability. A list of some of the most popular tax haven countries includes the Bahamas, Belize, Hong Kong, Panama and the British Virgin Islands. These countries tend to have lower rates of tax than that of the

Factors to Consider When Comparing Offshore Banks

It is without a doubt that banking offshore can be beneficial for certain individuals. It can provide access to foreign currencies or financial products not available in the UK, along with more privacy and the potential to be more tax efficient. But managing an offshore account can also be complicated, with varying factors determining which

Inheritance Tax: How Can I Reduce It?

The uproar over increasing national insurance contributions and rocketing property prices has led to a return of wealth taxation issues rising higher up on the political agenda. One of the most well-known of these is inheritance tax. Inheritance Tax (IHT) is defined as a government levy on the estate (property, money or possessions) of someone


Businesses around the world are seeing the substantial benefits of remote working post-Covid-19. With more flexible work policies in place, and workers considering this new normal, the standard 9-to-5 workday is fast becoming a thing of the past.   A common concern amongst millions of people, however, is what, if any, concessions employees can claim


One of the world’s largest cryptocurrency markets, China, has ruled that transactions of cryptocurrencies are illegal, banning all digital tokens such as Bitcoin and other major coins. According to a notice published on The People’s Bank of China’s website, it means crypto-related transactions will be considered illicit financial activities. While it may be illegal for

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.