Digital Currency and Blockchain Technology
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 Services Team has the in-depth industry experience to provide specialized services tailored to your needs. Contact us to get started today.
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.
Crypto and blockchain have been and will continue to redefine asset and financial structures while establishing new functions and value accretion – all of which are powering innovation on the fund investment front.
Digital Currency and Blockchain Technology Accounting, Advisory and Tax Services
Accounting and Attestation
- Audited Financial Statements
- Stable coin Examinations
- Tax provision preparation support
- ASC 606 implementation consultations including Gross vs. Net Analysis
- ASC 842 implementation consultations
- Navigating the cap table (i.e. Carta) and stock-based or token-based compensation reporting
- Complex debt and equity accounting (token warrants, SAFE notes, SAFTs etc.)
Advisory
- Complex accounting challenges for recognition of digital assets under ASC 350/820
- Digital asset reconciliations and transaction reporting
- CFO Consulting and support services
- ERP implementation
- SOC 1/SOC 2/SSAE 18 Consulting and compliance
- Cybersecurity assessments
- Network penetration testing
- IT managed services
Tax
- Tax Preparation Services
- International Structuring and Tax Planning
- Income and sales tax nexus
- Transfer pricing analysis
- R&D credits and state incentives
Join Us on Cryptonomix
Are you interested learning more about our Cryptonomix podcast and possibly being a future guest?
Join us for an episode to share your digital asset and blockchain story.
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
Digital Currency and Blockchain Industry Involvement
Leadership
Insights
Bitcoin Hits 100k: How a Crypto-Friendly America Could Dominate the Digital Era
Bitcoin’s price is trending again, breaking through $100,000 for the first time. This increase is mainly due to the president-elect’s view on cryptocurrencies and the thought that he will bring […]
Accepting Crypto Payments for Commerce
Crypto has continued to gain mainstream adoption in the global economy. Each day, more firms are considering the benefits of digital assets and the implementation of payments for their businesses. […]
Crypto Enterprises: Digital Asset Compliance and Reporting With Jeff Rundlet of Cryptio
In this episode of Cryptonomix, Mark Eckerle sits down with Jeff Rundlet, Head of Accounting Strategy at Cryptio, an institutional-grade crypto accounting platform.