— Meanwhile, Rover, the pet care site sometimes referred to along with its competitor Wag as the Uber of dog walking, has retained Mercury Public Affairs as its first outside lobbying firm. Mercury’s Mike McSherry, an alum of the RNC, Republican Governors’ Association and Labor Department, will lobby for Rover on tax and labor classification issues — a development that comes as the Biden administration has pledged to recognize workers dispatched by apps as employees rather than contractors. Gig companies are also facing new tax reporting requirements beginning next year, thanks to the coronavirus stimulus bill signed into law by President Joe Biden in March.
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While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.
Income tax: Profits and losses from cryptocurrency transactions must be shown in a non-incorporated business’s accounts and are taxable/allowable under conventional income tax laws.