Why Accountants Need Clear Rules for Digital Assets?
Accounting teams working with digital assets face a unique problem. Fragmented regulations and inconsistent data standards turn even routine reporting into a complex, manual...
Trump’s Tariffs Weren’t Only About Trade. They Were About Bitcoin.
Why Trump’s tariffs may be more about controlling digital assets than international trade.
How future administrations may use this framework to regulate crypto. What this means for permissionless payments?
How Digital Assets Will Be Monitored by 2030.
A projection of how digital asset tracking and taxation could evolve in the future. The role of smart contracts in automating financial controls. How a digital toll system on crypto transactions might function. Could taxation on digital assets replace traditional banking systems?
Why Trump Tariffs on Crypto Might Be Inevitable
Will Trump actually do tariffs on digital assets? While Trump's tariffs may be dominating headlines in the context of trade, the bigger issue is how governments will regulate crypto transactions. As oversight mechanisms like 1099-DA take hold, digital tariffs on Bitcoin and stablecoins are becoming more than a theory—they're an imminent reality.
The Truth of Debanking Digital Assets
The crypto industry is facing an invisible war—banks are cutting ties, leaving businesses stranded. Regulatory pressure is forcing innovation offshore.
Federal Reserve Chair Jerome Powell is now facing pressure to address the debanking of crypto firms. Amid growing concerns, Congress is investigating regulatory overreach.
Cryptoworth is 2025 Best Software as a Fastest-Growing Accounting Solution
Why is Cryptoworth one of G2’s Fastest Growing Products in Accounting for 2025? Discover how it's transforming crypto accounting with automation and scale.
The 2025 Guide for Form 8949 for Crypto Taxes.
Filing crypto taxes can be complex, but IRS Form 8949 and Schedule D ensure accurate reporting of gains and losses. Learn how to stay compliant and simplify the process with Cryptoworth, crypto accounting software.
Staking Rewards Accounting: A Comprehensive Practical Guide
Learn the essentials of staking rewards accounting, including tax implications, reporting strategies, and best practices for accurate financial management.
How Should you Share Invoices with Customers? Easy Guide
Learn how should invoices be shared with customers using email, or online platforms, Ensure crypto payments work seamlessly and are accounted for in your books.
What Are Stablecoins Good For? Use Cases
Considering the dual narratives surrounding stablecoins, it seems like a good time to discuss the various types available on the market along with their respective pros and cons. Specifically, let’s take a closer look at fiat-backed, crypto-backed, commodity-backed, and algorithmic stablecoins.
New Insights on Multi-Entity Complexities for Family Office Clients
Family offices juggle complex investments, multiple entities, and outdated systems—yet they need real-time clarity. Is your accounting software holding you back?
Will MicroStrategy Have to REALLY Pay Billions of Bitcoin Taxes?
Bottom line: No, Microstrategy is not expected to owe billions of dollars in taxes with its unrealized gains in Bitcoin. Read Why in this article
All you Need to Know of Subsidiary Accounting
If your company owns a subsidiary or operates as one, its accounting processes differ significantly from traditional single-entity accounting. Recording the journal entry for...
Understanding SAB 122 and its Impact Under Trump’s SEC.
The recent issuance of Staff Accounting Bulletin (SAB) 122 marks a pivotal moment in the accounting landscape, It signals a critical shift that demands immediate attention.
SAB 121 Summary and Its Latest Developments
The SEC has just revoked the accounting bulletin SAB 121, lifting the constraints on financial institutions in the United States. This decision now paves the way for increased adoption of DeFi services and strengthens Ethereum’s position in the crypto landscape.
Bitcoin 2024 Nashville: The new Corporate Treasury Reserve
Read this summary to gain valuable insights into corporate Bitcoin adoption. Companies like MicroStrategy, Semler Scientific, and Metaplanet Inc. are leading the way, showcasing the strategic value of Bitcoin as a treasury asset. Their experiences and strategies offer a roadmap for other corporations considering a similar path.
Integrating Token Management for Airdrops and Financial Reporting.
Cryptoworth has partnered with TokenOps to address key challenges in token lifecycle management and cryptocurrency accounting. By combining tools for automating token vesting, airdrops, and financial reconciliation, this collaboration offers Web3 businesses a practical solution to manage their digital assets efficiently and meet reporting requirements
Crypto Bookkeeping: Everything you Need to Know
Learn the essentials of crypto bookkeeping, from choosing the right software to managing transactions and staying compliant with tax laws.
Roll Forward Accounting Explained: A Guide for New to Accounting
Learn about roll forward accounting, its benefits, and how it differs from account reconciliation. Discover best practices and tools for accurate financial reporting.
What is the roll forward in crypto accounting and how to use it?
Learn how to effectively manage cryptocurrency accounting with roll forward methods for accuracy and compliance.
Are The IRS’s New Broker Rules Against DeFi?
TL;DR: Key Points to Know A Rule That Could Reshape DeFi For years, decentralized finance (DeFi) has been heralded as a groundbreaking alternative to...
How does good wallet-hygiene looks like for digital assets?
Effective wallet hygiene is crucial for accurate financial records and compliance in crypto management, helping to prevent costly errors. How does Wallet-hygiene impact data reconciliation problems?
Is It Taxable to Send Crypto Wallet-to-Wallet?
Is sending crypto to another wallet taxable? It Depends. The answer in this article. Learn which transfers are taxable and how to keep accurate accounting records for smooth tax reporting.
Crypto Cost Basis: A Simple Guide for New-to-Crypto Accountants
Understand crypto cost basis and its role in tax reporting. Learn methods, common mistakes, and tools to manage your digital asset transactions effectively.
Why is Cryptoworth #1 on the Crypto Accounting Market Grid
This is the 5th Consecutive Season Recognized by G2. Cryptoworth is thrilled to announce another milestone achievement: recognition in the G2 Software Platform reviews...
Prepare Your Accounting for Revenue Procedure 2024-28 with Cryptoworth
The IRS isn’t waiting, and neither should you. Get compliant or risk penalties. That’s the stark reality of the IRS’s Revenue Procedure 2024-28., which...
Fair Value for Bitcoin Begins Now
As of December 15, 2024, FASB’s fair value accounting rules for Bitcoin are live. Learn how this change boosts corporate transparency and simplifies accounting for digital assets
Two Lessons from the First Crypto Tax Evasion Case
Allgreen is the first Bitcoin investor to be sentenced to two years in prison, after he underreported the capital gains he earned from selling $3.7 million worth of BTC
Latest Blockchain Integrations: Wyz, Bittensor, Treasure DAO, and Jupiter
Cryptoworth is continuously enhancing its platform integrations to empower accountants with streamlined tools for managing the intricate demands of crypto accounting.
FIT 21 Crypto Bill: A Guide for Accountants
Learn about the FIT 21 Crypto Bill, its impact on crypto regulation, and how it affects businesses, investors, and accounting practices in the U.S.
The 2024 Crypto Back Office Report: Challenges and Opportunities for Finance Professionals.
The crypto back office rapid evolution is clear in this downloadable report. In 2024, it’s clear that the industry is at a pivotal moment. Companies must adapt to the growing complexity of managing digital assets, ensuring compliance, and optimizing financial operations.
Cayman Islands Make Strides with Pivotal Virtual Asset Regulations
Cayman Islands’ Regulatory Leap for Virtual Assets
As global jurisdictions embrace more defined frameworks for digital assets, the Cayman Islands continues to refine its regulatory clarity leadership. The Virtual Asset (Service Providers) (Amendment) Bill, 2024, is the latest step in aligning with this worldwide shift
What is the Statement of Digital Asset (SoDA)?
Traditional frameworks like Generally Accepted Accounting Principles (GAAP) struggle to accommodate the unique characteristics of blockchain-based assets. Businesses dealing with cryptocurrencies, NFTs, and tokenized...
Latest Blockchain Integrations: B3, Xai, Ape, World, and Unichain.
Cryptoworth continues to expand its platform’s integrations, helping accountants simplify and manage the complexities of crypto accounting.
Crypto Tax Reform: Simplified Compliance & Fair Treatment
Investors often find themselves overwhelmed by unclear regulations, excessive reporting requirements, and a looming risk of non-compliance. However, tax reform could dramatically reduce these burdens.
Cryptoworth Earns New High Performance in Fall 2024 G2 Awards
Cryptoworth has been awarded top honors in the Fall 2024 G2 Software Platform reviews, marking our fourth consecutive season of recognition. With new capabilities in Financial Close Management, Audit Readiness, and Simplified Crypto Data. Discover how these features are transforming digital asset management in our latest article.
Ready for the New Standard of Digital Asset Reporting with SoDA
Cryptoworth has been closely following the development of SoDA and continually updating our sub-ledger software to ensure seamless integration with this groundbreaking standard. As digital asset reporting evolves, our sub-ledger technology has positioned us as a leading solution for companies looking to incorporate the Statement of Digital Assets into their financial stack.
Xero: New App Store Integration to Streamline Crypto Accounting
Xero, one of the most trusted names in online accounting software, has added Cryptoworth to its App Store.
Best Xero Solution for Cryptocurrency Accounting
Tracking cryptocurrency in Xero can be complex without the right tools. In this article, we’ll explore how to optimize Xero for crypto accounting with Cryptoworth
Accounting for Use of Tokens for Compensation under IFRS
Crypto accounting under IFRS involves classifying cryptocurrencies as intangible assets or inventory. Recording tokens as compensation requires following specific IFRS guidelines. Accurate reporting ensures compliance and clarity in financial statements