Bitcoin Fundamentals - What Every CPA Should Know
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
After more than 10 years in the marketplace, Bitcoin has been firmly planted in the global financial system as the de facto leader in the cryptocurrency market. Bitcoin is no longer looked at as a mystical concept of money made of pixie dust. Bitcoin has evolved to be a major force in the financial technology (FinTech) industry. With the collapse of the FTX cryptocurrency exchange, among others, it is important to understand how Bitcoin separates itself from all the other alternative cryptocurrencies, aka alt coins, as well as how you can protect your Bitcoin investment from these exchange collapses. As a CPA advising your clients on financial matters, it is imperative that you have a fundamental understanding of Bitcoin and how it all works and what distinguishes it from all the other cryptocurrencies. This course provides you with a solid base of Bitcoin knowledge so that you will be confident in having those client conversations, as well as participating in the Bitcoin ecosystem, including current tax implications. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation, you will be able to...
- Recognize the impact that Bitcoin and other crypto currencies are having on the global monetary ecosystem.
- Identify the components of the Bitcoin ecosystem and how they all work together as a global crypto currency.
- Recognize how you can participate in the Bitcoin ecosystem.
Highlights
The major topics that will be covered in this course include:
- The evolution of money: barter, gold, paper, digital, cryptocurrency
- History of Bitcoin, how it originated and evolved to where it is today.
- How Bitcoin works: origin, network, nodes, miners, transactions and the blockchain ledger.
- Participating in the Bitcoin network: procuring, spending, accepting and storing Bitcoin.
- Understanding the role of cryptocurrency exchanges and the collapse of FTX.
- Introduction to Ethereum, a substantial alternative to Bitcoin.
- Income tax implications of Bitcoin and other cryptocurrencies.
Designed For
Anyone who is interested in the future of digital money or wants to participate in Bitcoin
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
John Higgins
John serves as a strategic technology advisor to CPAs in the planning and deployment of effective technology solutions. As a principal at CPA Crossings, John specializes in facilitating the development of strategic technology plans, paperless workflows, client portal solutions and a comprehensive digital practice model. John’s primary qualification is his passion for helping CPAs achieve success by leveraging technology. He has extensive knowledge and experience working with CPAs throughout the country. Qualifications and Experience: • Actively involved in working with local, regional and national CPA firms over the past 25 years. • Facilitated hundreds of planning sessions and retreats to develop strategic plans, technology plans, workflow design, innovative client services and more. • Nationally recognized speaker and author on technology issues affecting the CPA procession, with an emphasis on transforming to a digital practice model. • Awarded for being one of the top 25 thought leaders in the accounting procession by The CPA Technology Advisor (www.cpata.com) • Monthly host of “Document Management To Go” Podcast • Former national consulting partner with top 10 CPA firm • Past member of the AICPA Business & Industry Hall Fame • Past Chair of the Michigan Association of CPAs • Past member of the AICPA Council and CPE Advisory Committee • MACPA Innovative User of Technology Award
Non-Member Price $124.00
Member Price $89.00