Latest Posts with Accounting tag

Accounting

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Crypto is Not for the Mathematically Challenged

16 Mar 2021 4 minute read 1 comment Deejo

In preparation for our taxes, my husband and I set out to figure the capital gains on our cryptocurrencies. We chose to go with the traditional FIFO (First In First Out) method. But even as simple as that sounds, nothing about cryptos is simple. Firs...

US Tax Law and Cryptocurrency Part 3: Cost Basis Accounting (FIFO, LIFO, HIFO, and Specific Identification)

1 Mar 2021 5 minute read 0 comments Phul

I am a certified public accountant (not an artist) that is based out of New Jersey, and I'm continuing my extensive guide covering the interactions of United States tax law and cryptocurrency. The cost basis of an asset is its original value which is...

Keeping track of crypto portofolio with Accointing

21 May 2020 3 minute read 2 comments SaltwaterC

If you only have one type of crypto and keep it in only one place without barely doing any transactions, then this article won't help that much. Otherwise, I have found that it was getting increasingly difficult to keep track of my portfolio. Besides...

Big Step Toward Adoption - Public Accounting Solutions

16 Apr 2019 1 minute read 0 comments mjscoin

EY announced a few big new Blockchain and Crypto tools today to help with audits, taxes, and make Blockchain available for businesses.  They built their Blockchain industry solution on the public Ethereum Blockchain and made it publicly available.  I...