Bitcoin

The firm will lend its expertise in governance, security, risk management and controls to Cred’s understanding of the movement of digital currency.

House Ways and Means Committee Chairman Kevin Brady, R-Texas, and other Republicans on his committee have sent a letter to the Internal Revenue Service asking for more detailed guidance for taxpayers about virtual currencies such as Bitcoin and Ethereum.

Cryptocurrency has gone from niche concern to mainstream reality in a very short period of time.

Members of ABC collaborate with industry leaders to develop and further the leading industry organization and network involved with blockchain in accounting.

Dozens of hedge funds investing billions of dollars in cryptocurrencies don’t know if they’re calculating their taxes correctly, which may be a problem now that U.S. authorities have said they’re going to be scrutinizing virtual currencies.

The technology might be the hottest topic in accounting today, and the trend continued at the Accounting and Finance Show in Los Angeles.

The Top 25 Firm has established a digital currency and blockchain services group, and is bullish on the future of ICOs.

The education provider offers courses about the complexities of accounting and taxation of digital currencies such as bitcoin and ethereum.

The AICPA has suggested guidance on the tax treatment of cryptocurrencies.

Accounting firms often hear about the promise of data analytics and leveraging “big data” to drill down for insights to help their business clients.