Be part of us for an skilled dialogue on tax legal guidelines for crypto buyers within the US and UK in 2024. On this episode, Clinton Donnelly and Jamie Nuttall from Myna discover the totally different tax rules in each international locations.
Be taught in regards to the variations and similarities between the tax methods, from capital good points to airdrops and potential future tax implications. Keep knowledgeable with insights from two seasoned professionals. Do not miss out on worthwhile data that would influence your monetary future as a crypto investor. Tune in now!
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📣 Host: Clinton Donnelly
👉 Twitter: https://twitter.com/CryptoTaxFixer
EY Worldwide Private Tax and Immigration Information 2023-24 👉 https://www.ey.com/en_gl/tax-guides/worldwide-personal-tax-and-immigration-guide
Visitor: 🇬🇧 UK Jamie Nuttall
E-mail: jamie@nephosgroup.co
Web site:
👉 https://www.nephosgroup.co/
👉 https://www.mynaaccountants.co/
Twitter : 👉 https://uk.linkedin.com/in/jamie-nuttall-93158491
Linkedin: 👉 https://twitter.com/CryptoTaxJme
Jamie has been working throughout the private tax trade for practically a decade specialising in capital good points tax, OMB’s, and Crypto Tax.
He has been throughout the crypto tax area since 2018 aiding purchasers to not solely adjust to the newest steering and laws, however to tax plan for the longer term by understanding each the crypto area in addition to taxation throughout the UK.
He’s a fellow member of the ACCA and has appeared in numerous blogs, YouTube movies, podcasts, and visitor lectures, in addition to presenting to a number of conferences detailing the intricacies of taxation inside crypto property, together with NFTS, nodes, and liquidity swimming pools.
Jamie heads up the tax division for Myna, the main crypto accountancy agency throughout the UK.
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▬▬▬▬▬ Timestamps ▬▬▬▬▬
00:00 Intro
2:15 – Jamie Nuttall’s Credentials and Background
4:00 – UK Tax-Free Allowance and Consumer Demographics
4:45 – Capital Good points Tax on Cryptocurrency within the UK
8:30 – Variations Between US and UK Taxation
10:15 – US vs. UK Tax Therapy of Staking Rewards
11:00 – Clarification of PAYE (Pay As You Earn) within the UK
12:00 – How the PAYE System Simplifies Tax Submitting
14:30 – Taxation of Airdrops within the US
18:00 – UK Tax Therapy of Airdrops
23:30 – Cashback Rewards vs. Airdrops
24:15 – Biden Administration’s Proposal on Taxing Unrealized Good points
28:45 – HMRC’s Warning Shot to Crypto Traders
36:15 – Technological Developments in Tax Enforcement
38:45 – Implications of a CBDC World
41:15 – Contact Info for Jamie Nuttall and Clinton Donnelly
43:00 – Closing Remarks and Sponsorship Info
#CryptoTaxes #ClintonDonnelly #CryptoTaxAudit #Cryptocurrency #Taxation #cryptoinvesting
Disclaimer: This video is for informational functions solely and isn’t monetary or tax recommendation. Please seek the advice of with an expert monetary or tax advisor earlier than making any choices primarily based on the content material of this video.
▬▬▬▬▬ SPONSOR ▬▬▬▬▬
🐋 Sponsor: CryptoTaxAudit
CryptoTaxAudit is the final word resolution for guaranteeing your crypto taxes are exact and totally compliant with the newest rules. With skilled steering and help, you possibly can keep away from pricey penalties and revel in full peace of thoughts. Do not take any possibilities along with your hard-earned property. Develop into an IRS Guard Canine member in the present day and take management of your monetary future! Go to CryptoTaxAudit.com in the present day.
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Extra movies from Clinton Donnelly: https://youtu.be/0W5DcxctHYk
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