At Withum, we have a deep level of expertise relating to all of the issues that arise within today’s ever-changing digital currency environment. Whether you are a hedge fund with a crypto strategy, are designing and executing an Initial Coin Offering (ICO) or Token Sale, or are an investor trying to navigate the tax implications of your digital currency assets, our team of experts can help. Withum’s Digital Currency and Blockchain Technology Team has the in-depth industry experience to provide specialized services tailored to your needs.
Digital Currency and Blockchain Technology Industry Challenges
Navigating the tax implications of your digital assets can be confusing. Our team of experts can help provide solutions to ease your burden and understand your tax liability while also maximizing your tax benefits.
Working through the financial statement preparation process can be time-consuming, whether it is an audit, review, or compilation. We work efficiently to deliver results in a timely manner while also making sure we utilize your time as effectively as possible.
From outsourced accounting functions and CFO consulting to ASC 606 implementation consultations, our team works alongside of you to ensure your accounting needs are being met and are fully compliant with current industry standards.
As experienced professionals, we have a wealth of knowledge when working with ICOs and token sales to ensure you are fully compliant in the current regulatory environment.
In order for a stablecoin to gain market adoption, it is critical to gain the trust of users. Having a recurring attestation report completed on your stablecoin to ensure that is it properly reserved is critical in today’s environment.
Digital Currency and Blockchain Industry Involvement
Leadership
Insights
Biden Proposes New Crypto Tax Reporting
The Biden Administration FY 2023 Budget and Treasury Green Book, released on March 28, 2022, includes various proposals to modernize the United States’ current compliance and reporting structure surrounding digital […]
How the IRS Is Looking for Its Share of Cryptocurrency and NFT Growth
Let’s be honest. Most tax accountants would not be described as “hip” and many struggle to be considered “tech savvy”. Even so, some of their clients’ needs are forcing them […]
NFTs for NFPs: Crypto Concerns for Charities
Welcome to the future! Cryptocurrency continues to gain popularity (see our previous article here), the Metaverse is constantly expanding, and NFTs (Non-Fungible Tokens) are trending. Blockchain technology is on track […]