With tons of philanthropic activity happening in the cryptocurrency space, should your organization pursue digital assets? While some of the hype around cryptocurrency has cooled off, we believe it’s here to stay and have dedicated resources to understanding the tax, audit and financial accounting effects of digital currencies. Whether your organization is already holding digital assets on your balance sheet, or you’re interested in learning more about cryptocurrency and reporting requirements, you’ll walk away from this webinar with the information you need.
Watch our recorded webinar get ready to learn:
- Basic cryptocurrency terminology
- What we’re seeing other not-for-profits do with cryptocurrency
- GAAP and financial statement reporting treatment for cryptocurrency
- What is coming up for FASB’s fair accounting standards for digital assets
- Cryptocurrency tax effects on exempt organizations
- How to get board buy-in for gifting and accepting cryptocurrency transactions and donations
Our firm provides this information for general educational guidance only and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Podcasts posted by Anders CPAs + Advisors are not intended to be used and cannot be used by any individual or business, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Please note that some content may be generated using artificial intelligence and is intended for educational and informational purposes only. In no way does listening, reading, emailing or interacting on social media with our content establish a professional relationship.
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