Accounting

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At What Point Should You Consider Selling Your Stocks?

12 Apr 2024 4 minute read 0 comments subscriber

We generally consider the investment to be a purchase (of assets) activity. Hence, we are mainly focused on buying decisions and give less thought and time while selling. However, the selling decision is as important as the buying. Many investors may...

What To Do When You’re Being Audited

20 Jan 2024 3 minute read 0 comments VitalyTennant.com

As a business owner, there are few things more important than being able to gain control over your finances. Not only should you ensure that you keep your books up-to-date and thorough, but you should be proactive when it comes to managing your taxes...

"Tales of a Scorched Coffee Pot" - D17

1 Nov 2023 12 minute read 0 comments jasonmcgathey

Todd remains eternally breezy and dismissive whenever Edgar approaches him about anything, actually. He always lends the impression of being too busy and having much bigger fish to try, although the visible manifestations of this are a bit wacky and...

The Boring Parts of Launching a Business May Not Be Exciting, But They’re Necessary for a Strong Foundation

24 Sep 2023 4 minute read 0 comments VitalyTennant.com

When you think about starting a business, the first thing that comes to mind is probably coming up with a great idea, building a team, developing a product or service, and so on. But there’s another side to starting a business that’s often less talke...

The Blockchain Revolution Is Not What You Think It Is

11 Jan 2023 7 minute read 0 comments Todd Mei PhD

While many of us are preoccupied with cryptocurrencies, we tend to underemphasize the importance of the public ledger feature of blockchain technology. It’s revolutionary as an accounting system. And that’s nothing to scoff at. Advances in accountin...

BLOCKCHAIN IN ACCOUNTING. THE REVOLUTION IS HERE!

8 Nov 2022 8 minute read 0 comments elena_did

              SUMMARY   What is accounting? Basis of accounting Accounting history Types of accounting    Digitalization of accounting  What is blockchain? Blockchain vs Database  Accounting and blockchain implications  Non-fungible-token invo...

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...