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Share to Twitter Share to Linkedin More projects than ever before across the entertainment industry landscape utilized cryptocurrency to develop unique infrastructures to fund productions and create new revenue streams with varying results. With some companies making a profit through these methods the Internal Revenue Service (IRS) has released first-of-its-kind reporting requirements for those who have dealt in crypto over the last tax year. For this reporting period the terminology for reporting cryptocurrency on income tax forms has also been revamped, with it previously being known as “virtual currencies” it is now referred to as “digital assets”. One 1040 income tax form iterates, “At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?” The IRS’ subsequent checklist regarding … [Read more...] about Record-Breaking Cryptocurrency Adoption Leads The IRS To Release New Reporting Requirements

Share to Twitter Share to Linkedin Floyd Mayweather’s Nascar team is preparing to make waves in its second season of competition. The Money Team Racing — coined after Maywather’s lifestyle brand — just announced it will attempt to qualify for the Daytona 500 with Conor Daly later this month. Mayweather co-owns the No. 50 Chevrolet team with longtime Nascar executive Willy Auchmoody and ONE Entertainment CEO Brent Johnson, who’s Mayweather’s marketing manager. The part-time organization spent several years and the majority of the Covid-19 pandemic to overcome hurdles before qualifying into the 2022 Daytona 500 with Kaz Grala to make its debut. “The Money Team Racing shocked the world by making the Daytona 500 last year and I believe in this team and know we will prepare a great car for this year's race,” Mayweather said in a statement. “Like a fighter who’s always ready to face the best, Conor has the courage to buckle into this beast without any practice … [Read more...] about Floyd Mayweather’s The Money Team Racing Prepares For Second Nascar Cup Series Season

Share to Twitter Share to Linkedin The world’s first strawberry gin was launched by Puerto de Indias in Seville, Spain, in 2013. This is the story of how an over-ripe batch of strawberries, a historic distillery and what some might call a fortuitous accident inspired a new liquor category. The story behind strawberry gin begins in 2008 when two Sevillian brothers with a background in the construction industry set about trying to sell an old distillery. This proved tricky, as the distillery was considered a notable monument, due to its history dating back to the 19th century, and the presence of an underground water spring from Roman times. Unable to sell the distillery, the brothers instead decided to make the most of it. Gin is the most-sold liquor category in Spain "They started exploring the potential of the business, making different kinds of liquor, experimenting with different fruits," explains Juan Miguel Pérez Ilzarbe, International … [Read more...] about A Lucky Accident: How Spanish Puerto De Indias Made The First Strawberry Gin

Share to Twitter Share to Linkedin Topline Pressure is mounting from Republicans and some Democrats in Congress to pass a national ban on TikTok, the social video app owned by Chinese company ByteDance which has already been banned on federal devices and some college campuses over privacy concerns. Key Facts TikTok has faced calls for bans from critics who fear China may use the platform to access the data of American users. Criticisms of the social platform intensified in the fall after reports revealed ByteDance repeatedly accessed U.S. user data and planned to use TikTok to track the location of specific American citizens ( including Forbes journalists ). ByteDance previously denied it had used TikTok to “target” journalists or public figures, but after an internal investigation revealed employees tracked journalists covering the company, it fired its chief internal auditor who led the team orchestrating the surveillance. … [Read more...] about Will TikTok Be Banned From The U.S.? Here’s Where It Stands.

PHUKET: Patong Mayor Chalermluck Kebsup has responded to complaints of trash on Patong Beach after the Phuket Gazette submitted photos of the depressing landscape to her office today. The photos, showing a sea of trash throughout Patong Beach, were sent to the Gazette by a concerned reader. “This type of thing is normal during the monsoon season, when the wind and waves bring trash from the ocean onto the beach,” Ms Chalermluck told the Gazette . “However, our officers work very hard to clean it up and return the beach to its original state every day,” she added. Related news 500k baht stolen from Singaporean family in Phuket villa 4 hours ago PLTO continues crackdown on illegal taxis 7 hours ago Two days ago, the Phuket Marine Office Chief also played down concerns about a Phuket beach when he responded to social media posts lamenting video footage of an ‘oil spill’ rolling up on the sands of Karon. He said it was just … [Read more...] about Huge amounts of trash on Phuket beach ‘normal’ at this time of year, Mayor says

PHUKET: After coming face to face with shattered coral reef systems all over the world and confronting messes of plastic bags and tangled fishing nets, which are not-so-slowly strangling one of the world’s most important ecosystems, divers understand the importance of reef cleanups. There is of course that feeling of only delaying the inevitable, but isn’t that why we try to stop smoking and start exercising at some-point? On Phuket, PADI, the world’s largest scuba diver training agency, and Project AWARE Foundation , a nonprofit environmental organization, is launching a collaborative “ Dive for Debris ” event, with around 25 PADI Dive Centers putting aside their profits, digging into their own pockets and attempting to make a difference with Phuket’s biggest reef cleanup. Project AWARE Foundation is a nonprofit group established to organize divers and make a positive impact on the world’s oceans. The foundation established its first International Cleanup Day in 1993, with … [Read more...] about Phuket Diving: PADI centers clean up Phuket