Digital Currency Revolutions: Bitcoin and Cryptocurrencies WEBCAST

Tuesday, June 28 8:00am - 12:00pm PDT

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Your Desk

4.0 Credits

Member Price $159.00

Non-Member Price $209.00

Overview

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.

Highlights

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.

Prerequisites

None.

Designed For

Accounting and financial professionals.

Objectives

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.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Daniel Morris

Daniel Morris is a sought after global expert in multi-national business structuring, tax optimization, and asset protection. Leveraging over 30 years of holistic accounting, tax, and business advisory services to successful entrepreneurial and family-based enterprises, he serves emerging and middle markets. Dan began his accounting career in 1984 at Ernst & Young in Silicon Valley, California. Today, he coordinates his services by leading Morris + D’Angelo, a Silicon Valley and Los Angeles based accounting and tax specialization firm. Additionally, Dan leads the consulting services for Strategic Global Advisors, a Nassau based global tax and business structuring advisory service, and is a co-founder of the VeraSage Institute, a think tank dedicated to assisting the professions and knowledge workers. As a frequent speaker at conferences, leadership development events, and seminars, and a consultant to professional service firms on ethics, implementing global business strategies, asset protection, emerging technologies, total quality service, cryptocurrencies and the blockchain, and value pricing, his work takes him around the world. He has been an educator with numerous professional associations and has authored, developed, and presented 50 courses, seminars, and conferences. As the Chair of the Regulatory Working Group for the Accountants Blockchain Coalition, Dan is actively engaged in all aspects of the blockchain and its associated parts. He has assisted over a dozen blockchain related enterprises including designing the global structure for DASH along with coordinating multiple ICO and/or pre-ICO engagements. Dan is a Master’s candidate with London Law University in their Private Wealth Advising program (anticipated degree 2019). Dan received his Bachelor of Science from the University of Oregon. Dan is active with the California Society of CPAs and the AICPA. Dan has helped establish a number of Silicon Valley start-ups including Signio that was acquired by Verisign for $1.2 billion in 2000. Dan is regularly interviewed by local, national, and international media and has global responsibilities for client services in the areas of business structuring, tax optimization strategies, asset protection design, distributed ledger technologies, and strategic management consulting for closely-held businesses.

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Non-Member Price $209.00

Member Price $159.00