Employee Benefits

JANUARY 24, 2024

Need to know: Crypto currency is still unusual in pay strategies with early adopters predominately technology businesses and the professional services firms that support them. Crypto currency is subject to income tax when an employee receives it but could also incur a capital gains tax charge if they hold it for more than 30 days.

Global Payroll 105

Global Payroll Employment Taxes Pension 105

HR Professionals Magazine

MAY 24, 2022

And here is what we tell them…Cryptocurrency is a currency that is digital, encrypted and decentralized. But this way of holding currency is actually what makes it very difficult to hack and introduces us to the term blockchain. Blockchain works in a similar way. Off to a sketchy sounding start, right?

Retirement Plan 98

Retirement Plan 401(k) Banking Education 98

LACE Partners

OCTOBER 29, 2021

Every time an employee interacts with the Payroll and HR teams via a system, they leave behind a digital footprint. How does blockchain impact payroll? Whilst blockchain is a much talked about concept, it remains an approach that many are speculative over its value in certain business circumstances.

Payroll 52

Payroll Global Payroll Payroll System Technology 52

Hppy

MARCH 2, 2018

Blockchain. Blockchain is one of the most revolutionary technologies of the past few years. Originally developed as the accounting method for the virtual currency Bitcoin, blockchains – which use what’s known as distributed ledger technology (DLT) – are appearing in a variety of commercial applications today.

Technology 58

Technology Payroll System Payroll Salary 58

McDermott Will & Emery Employee Benefits

FEBRUARY 3, 2022

McDermott Partners Andrew Liazos, Andrea Kramer and Brian Tiemann recently offered their perspectives about cryptocurrency, Internal Revenue Service (IRS) taxation guidance of convertible virtual currencies and other cryptocurrency-related compensation issues […].

Employee Benefits 84

Employee Benefits 401(k) Employment Mining 84