Home
Categories
EXPLORE
True Crime
Comedy
Business
Society & Culture
Sports
History
News
About Us
Contact Us
Copyright
© 2024 PodJoint
00:00 / 00:00
Sign in

or

Don't have an account?
Sign up
Forgot password
https://is1-ssl.mzstatic.com/image/thumb/Podcasts221/v4/00/fd/8d/00fd8dbf-f24a-95a9-572a-d29302add083/mza_1582084050145534501.jpg/600x600bb.jpg
The Accountant Quits Podcast
Umar Mallam Hassam
101 episodes
1 week ago
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com
Show more...
Technology
RSS
All content for The Accountant Quits Podcast is the property of Umar Mallam Hassam and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com
Show more...
Technology
https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_episode/16678849/16678849-1737034926963-6db24c0a15794.jpg
#81: Digital Assets Tax Updates for 2025 with RSM US
The Accountant Quits Podcast
58 minutes 3 seconds
11 months ago
#81: Digital Assets Tax Updates for 2025 with RSM US

Donald Trump’s presidency is stirring up buzz in the web3 communities.

Builders and users alike are optimistic about how the new administration could shape the future of digital assets, with promises of clearer regulations and greater adoption of cryptocurrencies on the horizon.

But while we wait for these changes to take effect, there are already some major tax updates you need to know.

To help us navigate these complex but important updates, I spoke with RSM US, one of the largest accounting firms in the world and a leader in the digital assets space, with some of their web3 clients including Ondo, Stellar, Binance, Paradigm, Bitgo and Consensys.

And joining us are Skip Carlson, Digital Assets Market Leader at RSM US, and John Cardone, Senior Tax Director.

✅ OUR RESOURCES

💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠https://www.theaccountantquits.com/newsletter⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠ 

✊ Follow The Accountant Quits on Socials

👉 LinkedIN: ⁠https://www.linkedin.com/school/the-accountant-quits⁠ 

👉 Twitter(X): ⁠https://x.com/accountantquits⁠ 

👉 YouTube: ⁠https://www.youtube.com/@theaccountantquits⁠ 

🎙️ Follow Episode Guests

1. Skip Carlson, Digital Assets Market Leader: https://www.linkedin.com/in/sterlingcarlson/

2. John Cardone, Senior Tax Director: https://www.linkedin.com/in/john-cardone-436412b1/

🎧 Website

For show notes and past guests, please visit ⁠https://www.theaccountantquits.com/podcast

Topics Covered:

(0:00) Coming Up

(0:44) Episode intro

(2:59) Guests intro & roles at RSM

(4:21) Safe harbor relief & wallet-level tracking

(9:11) How IRS defines a wallet

(11:02) What to look for in a subledger with wallet-level tracking

(12:45)  TD 121 and new broker reporting requirements

(18:49) Notice 25-7 for taxpayers holding crypto with brokers

( 22:34) Thanks to our sponsor Octav

( 24:16) Created Property Argument & staking rewards

(30:09) Role of node operator’s geography for recognizing revenue

(31:51) Thanks to our sponsor Request Finance

(33:30) Frozen staking rewards on exchanges

(35:45) Valuing airdrops

(38:59) Token migrations and tax liabilities

(43:13) New regulations under Trump’s administration

(44:33) Stand out US states for crypto

(46:26) RSM services for digital assets

(51:15) Upskilling RSM employees with blockchain

(53:20) Areas to pay attention to in 2025

(56:24) Favorite maxim

(57:29) How to reach out to John & Skip

The Accountant Quits Podcast
Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com