Tag: Cryptocurrency

Enhancing Cryptocurrency Security: Recommended Hardware Wallets for 2023

08/02/202308/02/2023 TaxDeep No Comments

Cryptocurrencies have become increasingly important as an asset allocation, with their confidentiality and security being both advantages and disadvantages, as there have been numerous cases of cryptocurrency loss. So, how can we enhance the security of cryptocurrency assets? The solution is quite simple: choose a hardware wallet that suits you, and offline cold storage of…

Technology

US Government Plans to Admire the Problem of Regulating Cryptocurrency

03/10/202203/11/2022 TaxDeep No Comments

The U.S. federal government is poised to plan to ask for money form a group to admire the problem of regulating cryptocurrency. That’s essentially what the news is about this morning. Major news agencies splashed “regulation” and “cryptocurrency” over the headlines but if you read the articles, what they say is essentially as follows: Crypto…

Update

8 Cryptocurrency Bookkeeping Tips for Bookkeepers

06/10/202001/16/2022 TaxDeep No Comments

Bookkeeping is the cornerstone of any business. You need an organized record of all the transactions that occur within an organization before you can understand the cash flow within your business. It’s why everyone from solo practitioners to nonprofits, to multinational conglomerates, entrust professional CPAs with the vital task of balancing the books. So much…

Business, Technology

A Quick Guide to Bookkeeping For Cryptocurrency

06/10/202011/25/2025 TaxDeep No Comments

Cryptocurrencies and other digital assets are rapidly becoming mainstream, attracting significant attention not only from individual investors but also from businesses, financial institutions, and governments worldwide. Despite their increasing popularity, the financial reporting and accounting treatment of crypto assets remain difficult to align with traditional accounting frameworks, creating uncertainty for both individuals and corporations. As…

Tax Tips