Understand why digital currencies matter and how best to advise clients. A $100 investment in Bitcoins in 2010 would be worth over $75 million today. What created this unfathomable explosion in value? Each day over 1,000,000 unique Bitcoin transactions are processed. Companies of all sizes now accept Bitcoins as payment. Auditors, tax preparers, and advisors must understand the changes orchestrated by Bitcoins and their digital currency cousins.
What is money and why cryptocurrencies matter. What is the blockchain and how its use is changing how business verifies transactions and values. How is cryptocurrency audited. What are the IRS rules relating to Bitcoin. Current update as to whether Bitcoin is moving towards money or will it remain viewed as property. Bitcoin alternatives, ICOs and their future global footprint.
Accounting and financial professionals.
Identify what a blockchain currency is and what it isn’t. Recognize how the IRS taxes Bitcoin. Determine the current accounting and auditing best practices for digital currencies. Identify what a digital wallet is, how to create one, and how to exchange Bitcoins for dollars. Understand the non-currency value of the Distributed Ledger Technology.
Ronald J. Baker is a partner in Baker & Barnett, CPAs, Corte Madera, California, the firm he cofounded in 1988. He is a frequent speaker at CPA events and conferences around the world, and a consultant to CPA firms on implementing Total Quality Service and Value Pricing. He is an instructor with the California CPA Education Foundation and hasauthored five courses for them: How to Build a Successful Practice with Total Quality Services; The Shift From Hourly Billing to Value Pricing; Value Pricing, The Graduate Seminar; You Are What You Charge For: Success in Today’s Emerging Experience Economy; and Alternatives to the Federal Income Tax. He is a graduate of Disney University and author of The Professional’s Guide to Value Pricing, published by Harcourt Professional Publishing.
Non-Member Price $199.00
Member Price $149.00