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Wednesday, August 28 • 12:00pm - 12:50pm
Accounting for Cryptocurrencies: Transactions, Tracking & Tax

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This session will educate professionals, particularly accountants and CPAs (but also financial advisors and lawyers), about the nuances and challenges with cryptocurrency accounting for business entities (and by default individuals).

Using and securing cryptocurrency is one thing but accounting for it is another. The unique aspects of cryptocurrency create simultaneous parallel transactional paths one for taxable events and one for business operations for every single transaction. Meanwhile, limitations of key data points and other information (normally considered basic accounting information) with block explorers, exchanges and wallets coupled with client’s poor crypto process flows creates a challenging landscape for professionals to navigate.

What will students learn?
You will learn best practices for designing and managing cryptocurrencies for maximum accounting, audit and tax value for your practice and for advising your clients while eliminating as many headaches as possible. Newbies can also benefit from this course by understanding the importance of strategic process for using cryptocurrency.

This course is appropriate for people new to the industry, professionals, and developers who want to understand taxation and cryptoassets.

Prerequisite: none, although a basic understanding of blockchains and/or Bitcoin will help

Teachers
avatar for Kirk Phillips

Kirk Phillips

Principal, Global Crypto Advisors
Kirk Phillips, aka the The Bitcoin CPA™, is author of The Ultimate Bitcoin Business Guide™ and articles in yBitcoin Magazine, Bitcoin Magazine and CoinDesk. Kirk wrote and produced the AICPA’s Blockchain Fundamentals Course in 2018 and he is completing the Blockchain for Insurance... Read More →

MC
avatar for Stephanie Murphy, PhD

Stephanie Murphy, PhD

Founder, Stephanie Murphy Voice
Stephanie Murphy, PhD is a former biochemist who changed careers in 2013 to become a voice actor and audiobook narrator. Stephanie saw the potential of the blockchain early, and made her first bitcoin transaction in 2012. You may have heard Stephanie on one of the podcasts she hosts... Read More →


Wednesday August 28, 2019 12:00pm - 12:50pm MDT
Mountain