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Ep.#1 | Complexities of Tax and Accounting in Crypto, DeFi, & Web3

  • CPA (US)
  • CIA
  • CFE
  • CMA
  • CVA
  • CPA/ABV
  • CPA/CFF
  • CPA in Canada
  • CFA
  • CGFM
  • ACCA
  • IAP
  • CA - ICAEW
  • CBA/MCBA
  • FPAC
  • IA LPA
  • QIAL
  • CA - Scotland
  • CA - Ireland
  • CPA - Ireland
  • CIPM
  • ME LPA
  • DE LPA
  • Accountant/Bookkeeper/Tax Professionals

Published : April, 2024

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Free (Only Today)

1 Credit

Subject Area

Accounting

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is Decentralized Finance(DeFi) or Web3
    4 mins
  • The biggest challenge in tracking the cost basis of your assets is maintaining documentation
    15 mins
  • What makes a digital assets sufficiently decentralized
    23 mins
  • The infamous shoebox of receipts comes when tax filing season comes
    32 mins
  • The most thought leaders of the industry are at the crypto CFO's community
    40 mins

Course Description

In today's episode, we're diving deep into the world of crypto accounting and taxation. Join me, your host Saul, alongside our insightful guest Taylor Zork, a seasoned CPA and MBA, as we unravel the mysteries of digital assets and the financial landscape they inhabit.

Learn how to network like a pro, from leveraging platforms like LinkedIn to joining vibrant communities like Crypto Cfos. Plus, discover the power of hands-on learning with Taylor's revolutionary course, "A Trip Around the Cryptoverse."

This podcast delves into the intricate landscape of tax and accounting within the Crypto, DeFi, and Web3 sectors. We will explore the challenges faced by professionals, regulatory uncertainties, and the innovative solutions offered by platforms like CryptoCFOs to help individuals and businesses stay ahead in this rapidly evolving industry. 

Tune in to Crypto Chronicles for an exciting journey through the world of crypto finance. Don't miss out on the latest insights and expert advice to shape your financial future. Stay tuned, stay informed, and let's conquer the crypto frontier together!

So, mark your calendars! Join us every Friday on "WTF with Saul" for the more enriching podcast.

Key topics discussed:

  • Segment 1: From Concept to Reality
  • Segment 2: Complexities of Tax and Accounting in Web3
  • Segment 3: CryptoCFOs' Solutions and Offerings
  • Segment 4: Networking and Staying Ahead

For more webinars on Accounting, Click here.

Learning Objectives

  • Discuss the complexities of tax and accounting in Crypto, DeFi, and Web3.
  • Identify the challenges and regulatory uncertainties impacting the industry.
  • Recognize the importance of leveraging a network of industry experts to stay ahead in the field.
  • Evaluate the benefits of hands-on experience with blockchain transactions for learning about the crypto space.

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Accounting for CPA in Canada
  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Accounting for Certified Management Accountants (CMA)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 1 CPD Credit of Digital Forensics for Certified Financial Forensics (CFF)
  • 1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
  • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 1 PL Credit of Accounting for CIPM
  • 1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

Expert Speaker

Taylor Zork

Co-Founder, CryptoCFOs

Taylor Zork is a CPA with a specialized focus on the crypto industry. Since 2018, Taylor has been a pioneering figure in the crypto accounting space, addressing the unique accounting challenges presented by crypto and DeFi protocols.

His journey has seen him serve as the CFO for multiple crypto startups, including Trustswap. Under his leadership, Trustswap evolved from offering audited smart contracts for token and liquidity locks to becoming a launchpad, an NFT marketplace, and acquiring The Crypto App, a portfolio tracker with millions of downloads.

Taylor's passion lies in applying "Accounting Theory" to solve new challenges in the crypto industry. With his deep industry experience and commitment to education, Taylor is leading the way in shaping the future of crypto accounting. As the founder of CryptoCFOs, he is dedicated to driving the platform's success and making a significant impact in the crypto accounting field.

Additionally,

Taylor is the CEO and Co-Founder of the CryptoCFOs community which is the premiere education and networking platform for tax and accounting professionals working in or entering the digital assets space/ Join professionals from over 34 countries: https://cryptocfos.com/ 

He is the author of Accounting for Crypto Assets: Accountants, Tax Professionals and Investors Guide to Blockchain, DeFi, NFTs, & more. Available here: https://a.co/d/5U7pYRz 

He is the host of From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets Available here: https://cryptocfos.transistor.fm/ 



About Company

CryptoCFOs

cryptocfos.com/

CryptoCFOs is the premier community dedicated to professionals in the Web3 finance sector, including accountants, tax professionals, CFOs, CPAs, bookkeepers, auditors, attorneys, enrolled agents, business students, Web3 executives, and investors.

Our mission is clear: to demystify the complexities of crypto taxation and accounting. We offer expert guidance to simplify crypto tax and accounting, providing members with exclusive access to valuable resources, educational content, networking opportunities, and the latest insights into crypto, NFTs, Web3, and blockchain.

Through NASBA-approved CPE courses, on-demand video tutorials, live expert discussions, and a rich library of resources, we empower our community with the knowledge and tools needed to navigate the dynamic landscape of digital assets confidently.

We are proud to foster an environment that celebrates choice and collaboration. Embracing a diverse ecosystem of partners allows our community members to explore a variety of tools and resources, ensuring they find the best fit for their unique needs.

Our goal is to empower you with options, not limitations, enhancing your journey in the Web3 finance landscape. In this pivotal moment for Web3 finance, the opportunity for tax and accounting professionals is unparalleled.

With a rapidly expanding market, the increasing acceptance and adoption of cryptocurrencies, and the evolving regulatory landscape, the need for specialized knowledge in crypto tax preparation and accounting has never been greater.

At CryptoCFOs, we equip our members to capitalize on these trends, offering a platform that encourages learning, exploration, as well as the support and perspective of professionals on a global level.

Host

Saul Sony

Director - Partner Success, my-CPE

Saul Sony is the Director of Partner Success at MY-CPE, a leading continuing education platform serving professionals across Accounting, Tax, Audit, IT, Finance, and HR domains in the United States, Canada, and the United Kingdom. Saul’s dedication and expertise have been instrumental in advancing MY-CPE’s mission to provide high-quality, accessible, and affordable education to professionals worldwide. 

Under his leadership, MY-CPE has grown its offerings and reach, establishing itself as a leader in the field of professional education. Saul continues to explore new avenues to enrich the professional growth of thousands of learners, staying true to his passion for education and empowerment.

About Company

my-CPE

my-cpe.com/

myCPE is an online platform that offers continuing professional education (CPE) courses for accounting, finance, and tax professionals. It provides a wide range of webinars, self-study courses, and other learning resources to help professionals meet their CPE requirements and stay updated on industry trends and regulations. myCPE offers courses in various formats and topics, including accounting, auditing, tax planning, ethics, and technology-related subjects. The platform is designed to be convenient and accessible, allowing professionals to earn CPE credits at their own pace and on their preferred devices.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4

3 Ratings

Excellent

0

Very Good

2

Average

0

Poor

0

Terrible

0

RV

Robert Valentine, CPA (US)

Apr 20th, 2024

Interesting discussion of Crypto, but the discussion went a little too fast.