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Blockchain is a Database, Get Over It
There is a mania surrounding the blockchain technology which underlies cryptocurrencies– it is surrounded by a boundless enthusiasm, and based on the breathless excitement, one might believe that it is the cure for cancer, Alzheimer’s disease, and the ...
The Taxability of Cryptocurrency
This past year, cryptocurrencies, particularly Bitcoin, saw a meteoric rise in popularity and usage. Once considered something that is only utilized by cutting-edge tech gurus, cyber criminals, and those who trade on the black market, cryptocurrency ...
Veem Partners with BlueVine to Give Small Businesses Access to Working Capital
Veem, a global payments platform built on blockchain, has partnered with BlueVine, a provider of working capital financing to small and medium-sized businesses. The partnership will allow Veem’s US-based clients to finance their cross-border and ...
Taxation and Initial Coin Offerings
Time and time again, I talk to companies that are in the middle of an ICO, and the way they set up their companies, are crazy. I have an appointment next week with an ICO company, that has set up a company in the Cayman Islands, which has no tax.
When Will the Securities and Exchange Commission (SEC) Get Involved in Cryptocurrency?
What we’re seeing now are US companies setting up their ICO to occur overseas. However, the proceeds from that ICO are then funneled into the US Company, which sets off a disastrous tax scenario. This whole situation can be avoided by setting up a ...
Accounting Thought Leaders Focus on Disruption and Future of Profession
The Thought Leader Symposium invites select professionals from around the world who are engaged in helping shape the profession. They are all widely-respected and are frequent speakers at accounting conferences.
February 2018 Accounting & Audit Channel
Top Accounting Blogs & Social Media Are You Too Busy to be a Proactive, Future-Focused Advisor? Tom Hood, CPA, via LinkedIn.http://bit.ly/2EvnBoE New AICPA Chair Shares Vision of the Future. AICPA Insights blog.http://bit.ly/2nSflo8 Re-Engineer Your Audit Process. Wendy Cable from the Wolters Kluwer blog.http://bit.ly/2ET1cPW U.S. Treasury Official Says FDII Rules are BEPS Compliance. Robert Sledz from […]
What Accountants Need to Know About Cryptocurrency
Cryptocurrency is a form of currency that only exists digitally and relies on encryption for the security of transactions. There are thousands of forms of cryptocurrency, with some of the most well known with names like Bitcoin, Ethereum and Ripple.