January 28, 2020

1099s and Cryptocurrency Webinar:  Five Industry Experts Share Insights And Information

It seems that every week a new proposal, opinion, ruling or requirement involving taxes and cryptocurrency rises to the surface of the industry discussion.  Cryptocurrency is proving to be the catalyst to rewriting the tax code landscape at an ever-faster pace.  1099s are one of the latest to be impacted by the changes wrought by cryptocurrency. 

December 4, 2019

ABC Webinar Shares Key Takeaways and Highlights From Money 20/20 and San Francisco Blockchain Week Events

Didn’t make it to San Francisco Blockchain Week?  Missed Money 20/20?  Couldn’t join regulators and legislators for “Blockchain Demo Day on the Hill” recently? Don’t worry. The Accounting Blockchain Coalition (ABC) can help.

November 18, 2019

Not Sleeping Well? Deloitte Survey May Have The Answer To Your Problem

Seventy-four percent of organizations surveyed see a “compelling business case” for blockchain technology.  Two-thirds of respondents view blockchain as a competitive advantage.  According to Deloitte’s “CFO Insight” article titled “Unleashing Blockchain In Finance”:

October 17, 2019

Webinar: Hard Forks, Airdrops and FAQs – IRS Issues New Tax Guidance On Cryptocurrency

The blockchain and digital assets community and tax professionals have been anxiously waiting for additional IRS cryptocurrency guidance — and they finally received it last week.

October 4, 2019

ABC Expands Membership Levels To Offer Options For Practitioners And Startups

Good ideas can come from anywhere. Smart people work in big and small companies. 

September 13, 2019

Crypto Accounting – The Good, The Bad and The Cost Basis Webinar Draws Record Attendance

Alon Muroch, CEO and Co-founder, Blox and Steven Baum, CPA, Principal, Friedman LLP led a lively discussion offering up-to-date information and insights on the key issues in crypto accounting.

September 11, 2019

ABC’s Internal Control Working Group Releases Industry-First Blockchain Risk Assessment And Mitigation Tool

The Accounting Blockchain Coalition’s (ABC) Internal Control (IC) Working Group released its first tool for ABC members recently. The new tool is in a document format and called Possible Threats and Vulnerabilities of Assets Related to Digital Assets and Blockchain Transactions and Recommended Internal Control Activities and Actions to Address Them.

August 27, 2019

Crypto Accounting – The Good . . . The Bad . . . and The Cost Basis

The webinar is geared for crypto accounting industry professionals and will explore along with the challenges of cost basis the technology, taxation and legal issues and opportunities in crypto accounting.

August 23, 2019

Crypto Trends Every CPA Should Know In 2019

A recent Forbes article titled “Crypto Trends Every CPA Should Know In 2019” by Blox CEO Alon Muroch outlined five crypto trends that are on the verge of cresting. He recommends that accounting professionals need to make sure they keep their heads up and eyes open in the crypto space.

August 19, 2019

Yes. It’s Complicated . . . But ABC Has Answers

New Tools & Best Practices in Crypto Fund Administration, Audit, and Accounting Webinar Recording Available

August 13, 2019

ABC Member Spotlight Q&A: Amy Kalnoki from Bitwave

Amy Kalnoki is Vice President of Sales and Marketing for Bitwave.

August 7, 2019

Seven Myths and Misconceptions About Blockchain Debunked

Blockchain as a topic around the board room table or the watercooler is so hot right now it’s cool. Amongst all this blockchain chatter there are some misconceptions being passed around that the Accounting Blockchain Coalition wants to debunk and set the record straight with this blog.

July 23, 2019

Conference Videos And July Webinar Recording Available For Viewing

Over 150 people attended ABC’s third annual conference to hear the latest information about the impact of blockchains today and in the future, regulatory issues, stablecoin, tokens, new software tools, and many other areas of industry focus.

May 29, 2019

Crypto Makes Traditional Tax Season Anything But Traditional

Now that tax season is over, the ABC Taxation Working Group has published a not so traditional best practices Cryptocurrency Tax Prep questionnaire for tax preparers and accounting professionals.

April 9, 2019

Third Annual ABC Blockchain, Accounting, Audit and Tax Conference III Set For June 5

For the third year in a row, The Accounting Blockchain Coalition (ABC) will host some of the industry’s most respected and engaging speakers at its Blockchain, Accounting, Audit and Tax Conference III scheduled for June 5, 2019 from 9 am – 5 pm EST at the Microsoft Conference Center, 11 Times Square, (Between 41st & 42nd Streets on 8th Ave.) New York City.

March 13, 2019

ABC Partners with Blockchainge DC for Blockchain Regulatory and Legal Conference in Washington

The Accounting Blockchain Coalition kicked-off 2019 by partnering with BlockChainge DC 2019 to support two full days — January 14 and 15 in Washington, DC — of blockchain sessions dedicated to understanding and navigating the regulatory and legal challenges around blockchain and cryptocurrencies.

February 7, 2019

Webinar: Top 10 Hottest Blockchain Issues Impacting Auditors and Accountants in 2019

How will artificial intelligence and the Internet of Things impact blockchains and the accounting industry?

January 8, 2019

Will Blockchain and Distributed Ledgers Change Traditional Recordkeeping?

By David Deputy, Chairman, Accounting Blockchain Coalition

For example, the foundation of accounting in the form of double entry bookkeeping; where A=L+OE representing a foundational balancing of books will remain as will the need for the accounting profession to look at economic fundamentals in determining the appropriate accounting treatment via the accrual method. 

December 19, 2018

Policy Coherence? Industry Uncertainty? ABC to the Rescue!

By David Deputy, Chairman, Accounting Blockchain Coalition

Today the accounting industry is evolving – some might call it a seismic upheaval – with the introduction of distributed ledgers and blockchains. 

December 13, 2018

What Hath Blockchains Wrought?

By David Deputy, Chairman, Accounting Blockchain Coalition

Blockchains will fundamentally change the way we do business. Everywhere. Get ready for a wild ride. The swift, chaotic growth of blockchains means how we do our jobs

December 6, 2018

Times (and Taxes) They Are A’ Changin’; Ohio To Accept Bitcoin for Tax Payment

By David Deputy, Chairman, ABC

My how times are a changing. Businesses can now pay their Ohio tax liabilities in Bitcoin; Sales tax, wage tax, withholding taxes, you name it.