Monthly Archives: March 2022

An Employer’s Guide To Filing An IR330C The Bottom Line 

As an employer, aside from paying your employees their salary and wages, part of your managerial responsibility also includes deducting and paying your employees’ pay-as-you-earn (PAYE) tax on their behalf. While this has been the standard for companies employing full-time and regular staff, the process for hiring independent contractors, freelancers, and self-employed individuals may be…

Hacker steals $625 mn in crypto from Blockchain platform Ronin

In one of the largest decentralised finance (DeFi) breaches yet, a hacker has stolen cryptocurrencies worth $625 million from Ronin, a Blockchain platform behind popular non-fungible token (NFT) game Axie Infinity. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to…

Can Accountants Give Financial Advice?

If you work with money, or you run a business, you may have encountered accountants and financial advisors or planners. In the financial industry, these two career paths are heavily involved in wealth management. You may have wondered whether your accountant is able to double up as a financial planner or advisor and provide you…

Japan to revise forex law to end crypto loophole for sanctions on

Japan will revise its foreign exchange law to prevent Russia from evading Western financial sanctions following Moscow’s invasion of Ukraine through cryptocurrency assets, top government officials said on Monday. The government will submit a revision of the foreign exchange and Foreign Trade Act to the current parliament session to strengthen protections against potential sanction-busting by…