Demystifying Accounting for Blockchain, Cryptocurrency, and NFTs
4.00 Credits
Member Price $180
Non-Member Price $230
Overview
For accounting and tax professionals, understanding the inner workings of blockchain and cryptocurrency is no longer just an advantage-it’s a necessity. This course provides an in-depth look into the mechanics of digital currencies and revolutionary blockchain technology, equipping attendees with the knowledge to navigate benefits and risks effectively. Special emphasis is placed on the tax implications for both individuals and estates, ensuring that attendees can confidently advise on these issues, which are becoming increasingly relevant in financial planning and asset management.
This offering is more than just a learning experience; it’s an investment in one’s professional growth. By understanding the tax complexities and estate planning challenges posed by digital assets, participants will be able to offer valuable insights and strategic solutions. They will emerge from this course not just with theoretical knowledge but with actionable skills that can be applied immediately. In a landscape where digital assets are becoming commonplace, this is the education that will differentiate the exceptional from the average. Join today and step into a role as a leader in finance for the digital age.
Highlights
Understanding Blockchain and Cryptocurrency, Major Features, Benefits and Risks of Blockchain and Cryptocurrency, Tax Strategies for Cryptocurrency Transactions and Compliance, Implementing Blockchain in Business Accounting Systems, Navigating Estate Planning with Digital Assets
Prerequisites
None
Designed For
Accountants and financial advisors eager to navigate crypto taxation and estate planning should attend.
Objectives
Identify key characteristics and functions of major cryptocurrencies currently in use., Explain the influence of blockchain technology on today’s business environment and accounting practices., Assess the organizational impact of blockchain and cryptocurrency, focusing on tax and accounting issues., Apply strategies to calculate and track the historical cost and fair market value of cryptocurrency investments., Implement tax planning techniques for cryptocurrency transactions to optimize personal tax liabilities., Design estate plans that effectively incorporate cryptocurrency and NFT holdings for clients.
Preparation
None
Leader(s):
Leader Bios
Stephen Yoss Jr., Stephen M. Yoss, Jr., CPA, MS is a ce, K2 Enterprises
Stephen M. Yoss, Jr., CPA, is the partner, and principal of Devmatics, LLC, a software development company that focuses on solving problems through the implementation of technology. Stephen has consulted with several companies on how to lower overhead, personnel and compliance costs by investing in technology and reengineering their business practices. He teaches his clients to embrace technology at every opportunity in order to increase efficiency and productivity.
Stephen began working with technology at age ten, and started his first IT company at age 13, designing web applications for local businesses. He has presented to thousands of practitioners nationwide on topics such as cloud computing, mobile technology, spreadsheet design and best practices, information security, identity theft prevention and many more.
Non-Member Price $230
Member Price $180