Crypto Tax Deadline Are You Compliant with Rev Proc 2024-28?
Cryptocurrency has revolutionized the financial world, offering new avenues for investment and business transactions. However, as the adoption of digital assets grows, so does the complexity of managing their tax and accounting implications. The recent release of Revenue Procedure 2024-28 by the IRS has brought significant changes to how cryptocurrency accounting should be conducted, particularly […]

Web3 Accounting: Setting Up Your Chart of Accounts
Establishing a Robust Chart of Accounts for Your Web3 Business In the ever-evolving landscape of Web3, setting up an accounting system tailored to your business is crucial. One of the foundational steps in this process is establishing a robust Chart of Accounts (COA). This guide delves into the intricacies of creating a COA, providing you […]
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Digital Asset, Cryptocurrency & NFT Tax Planning
Why You’re in Tax Trouble If You Didn’t Update Your Crypto Accounting Before January 1st
Cryptocurrency investors, especially those navigating the dynamic world of Web3, need to stay vigilant about evolving tax regulations. If you haven’t updated your crypto accounting for 2024 by the IRS-mandated January 1st deadline, you could face significant tax complications. In this blog post, we’ll break down why this issue is critical, what the implications are, […]
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Digital Asset, Cryptocurrency & NFT Accounting
Year-End Web3 Accounting: A Crucial Checklist for Startups
As the year draws to a close, Web3 startups face a pivotal moment. Amid the whirlwind of innovation and operations, accounting may seem like a secondary concern. However, for blockchain-based businesses, efficient and up-to-date accounting is not just a legal necessity—it is a foundation for growth and compliance in a rapidly evolving industry. Below, we […]
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Digital Asset, Cryptocurrency & NFT Accounting
How to Prepare for Cryptocurrency Tax Compliance in 2025
With cryptocurrency becoming an increasingly significant financial tool, the IRS has ramped up its efforts to ensure compliance within this space. By 2025, major changes will reshape the tax landscape for cryptocurrency investors and Web3 businesses alike. Understanding these updates and acting proactively can safeguard your finances and keep you compliant. Here’s a comprehensive guide […]
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Digital Asset, Cryptocurrency & NFT Accounting
Year-End Crypto Tax Planning: Essential Steps for Investors and Web3 Founders
As a cryptocurrency investor or Web3 founder, tax planning is crucial, especially as the year ends. Proactively managing your crypto transactions and portfolio for tax efficiency can lead to substantial savings. Below, I’ll walk you through essential year-end tax strategies for cryptocurrency assets—from setting up accurate accounting systems to advanced planning options like charitable giving […]
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Web3 Token Awards Explained: 83(b) Elections & Smart Tax Strategies for Founders
As a Web3 founder, investor, or an early employee receiving restricted token awards, you’re in a unique financial landscape. Restricted tokens have become a major element in Web3 compensation packages. But with these opportunities come crucial tax implications that can affect your financial outcome. In this guide, we’ll walk you through the tax considerations surrounding […]
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Digital Asset, Cryptocurrency & NFT Accounting
Demystifying Cryptocurrency: Tax A Guide to the Current Regulatory Landscape
As we approach 2025, the regulatory landscape for cryptocurrency and Web3 is transforming rapidly. Whether you’re an investor in digital assets or a Web3 entrepreneur, it’s crucial to understand and adapt to these changes, which will impact tax reporting, accounting procedures, and potentially your bottom line. In this guide, we’ll walk through key regulatory changes, […]
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Digital Asset, Cryptocurrency & NFT Accounting
A Beginner’s Guide to DeFi Taxes: Navigating the Complex World of Decentralized Finance and Taxation
As decentralized finance (DeFi) grows in popularity, it’s crucial for cryptocurrency investors to understand the tax implications that come with it. DeFi represents a paradigm shift in finance, offering peer-to-peer transactions, lending, borrowing, and yield farming, all without traditional financial institutions. However, this innovation also introduces complexities when it comes to taxation. In this blog […]
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Digital Asset, Cryptocurrency & NFT Accounting
Avoiding Tax and Legal Pitfalls: Best Practices for Managing Funds in Your Web3 Business
Starting a Web3 business can be an exciting venture, but navigating the complexities of managing your funds can quickly become overwhelming. One of the biggest pitfalls new Web3 business owners face is the mixing of personal and business finances, a practice known as “commingling funds.” This blog post will walk you through best practices for […]
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Understanding Stablecoin Taxes: Key Insights for Web3 Businesses and Crypto Investors
Are you a crypto investor or a Web3 business transacting in stablecoins? If so, it’s important to understand the tax implications surrounding these transactions. Many assume stablecoins, because they are pegged to a currency like the US dollar, have minimal or no tax consequences. However, the reality is quite different. In this blog post, we […]
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Digital Asset, Cryptocurrency & NFT Tax Planning
How to Handle an IRS Audit of Your Cryptocurrency Investments: Essential Tips for Navigating the Process
With the rise of cryptocurrency, tax compliance has become a complex area for both individuals and businesses. Cryptocurrency transactions can be tricky to report, and as a result, many people are finding themselves facing IRS audits. If you’ve received a tax notice or been notified that your crypto investments are under audit, don’t panic. While […]
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Digital Asset, Cryptocurrency & NFT Accounting
Web3 Token Launch: A Tax & Accounting Guide for Token Generation Events
Are you a Web3 startup preparing for a Token Generation Event (TGE)? This quick guide covers the essential tax and accounting considerations to help you avoid costly mistakes and maximize the financial benefits of your token launch. A Token Generation Event is a critical milestone for Web3 projects, where a project issues its native token […]
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Digital Asset, Cryptocurrency & NFT Accounting
Crypto Tax Deadline Are You Compliant with Rev Proc 2024-28?
Cryptocurrency has revolutionized the financial world, offering new avenues for investment and business transactions. However, as the adoption of digital assets grows, so does the complexity of managing their tax and accounting implications. The recent release of Revenue Procedure 2024-28 by the IRS has brought significant changes to how cryptocurrency accounting should be conducted, particularly […]