Digital Assets Research: Blockchain Accounting and Tax Solutions

FT Partners | Steve McLaughlin | Dec 27, 2022

FT Partners Blockchain accounting and tax solutions - Digital Assets Research:  Blockchain Accounting and Tax SolutionsReport Executive Summary

  • Growing demand for accounting/tax tools: As digital assets became more widely accepted, the need for corresponding tooling to meet accounting, reporting and tax requirements of both individuals and corporate users grew.
  • Following a long period in which cryptocurrency traders and participants in the broader ecosystem were largely left to their own devices, tax authorities now apply increasingly elevated levels of scrutiny and enforcement action.
  • In response, consumers and enterprises seek the means to both reactively and proactively ensure compliance with tax regimes.
    • Recent market turbulence as the consequence of FTX's failure further underlines and incentivizes the need for appropriate accounting tools and procedures, whether for risk management, reporting purposes, or tax loss harvesting.

See:  According to a Group of Economists, Unregulated Wash Trading is Impacting Tax Revenue

Key discussion topics of the report include:

  • An overview of solutions designed to help meet reporting and tax obligations across a range of jurisdictions, including both general accounting and tax-reporting specific solutions targeting individuals, organizations, and tax professionals
  • A detailed landscape of companies in the space
  • A proprietary list of financing transactions
  • Exclusive interviews with executives from eight leading companies
  • Profiles of 30 highly relevant companies in the space

Access the 96 page report hosted on DocSend --> here


NCFA Jan 2018 resize - Digital Assets Research:  Blockchain Accounting and Tax SolutionsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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