With approximately 10% of US taxpayers owning crypto currencies and as the use of blockchain technology, in general, becomes more widespread, it stands to reason this emerging technology will have a significant impact on businesses and accounting firms worldwide. Join us as we discuss the fundamental concepts in blockchain, the implications of the current operating environment on blockchain adoption, how firms can position themselves for the advisory opportunities being created by blockchain technology and the latest on how firms are helping clients comply with virtual currency tax preparation.
Understand the key components of blockchain and discuss use cases and their impact on the accounting profession
Discuss the evolution of audit
Gain insight into the latest developments in crypto asset tax
Recognize the unique challenges of crypto tax accounting and how to guide clients
Leverage crypto tax preparation tools to aggregate client transaction data and calculate capital gains and losses