S1E11 - William Grant | Integral

09/06/23 • 28 min

From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets

🎙️ New Podcast Episode Alert! 🎙️

In this episode of "Niche to Necessity," join Taylor Zork, CPA, and special guest William Grant as they explore the world of crypto accounting and finance. 📈💰

🎧 In this episode, we take a deep dive into the challenges and opportunities in the Web3 space. We discussed how Integral is empowering Web3 organizations in crypto accounting, revenue recognition, NFT collection management, capital gain loss calculations, audit, compliance reports, and more! 📈

🔑 Key Takeaways from the episode:
1️⃣ The importance of solid financial back offices and reporting in the crypto industry.
2️⃣ The fundamental challenges faced by CFOs and financial operators in the crypto space.
3️⃣ The need for a single source of truth and a consolidated tool to handle accounting, tax, and financial operations in the crypto industry.

#podcast #accounting #cryptoaccounting #web3 #digitalassets #finance #tax #revenuerecognition #NFTs #capitalgainloss #audit #compliance #financialbackoffice #singleuserinterface #consolidatedtool #Integral #FromNichtoNecessity

Don't miss this enlightening conversation! Tune in to learn how to navigate the ever-evolving world of accounting for crypto assets!

https://cryptocfos.transistor.fm/

Visit: www.cryptocfos.com
Visit: www.integral.xyz

🎙️ New Podcast Episode Alert! 🎙️

In this episode of "Niche to Necessity," join Taylor Zork, CPA, and special guest William Grant as they explore the world of crypto accounting and finance. 📈💰

Don't miss this enlightening conversation! Tune in to learn how to navigate the ever-evolving world of accounting for crypto assets!

https://cryptocfos.transistor.fm/

Visit: www.cryptocfos.com
Visit: www.integral.xyz

Previous Episode

S1E10 - Anton Golub | Pazar

🎙️ New Podcast Episode Alert! 🎙️

In this episode of "Niche to Necessity," join Taylor Zork, CPA, and special guest Anton Golub as they explore the world of crypto accounting and finance. 📈💰

Discussion Highlights:
- Anton's journey from traditional finance to the blockchain industry. 🚀
- The significance of liquidity, market making, and market microstructure in the crypto landscape. 💧💹
- How these factors impact accounting, tax compliance, and financial reporting. 📊💼
- The evolving regulatory landscape for crypto businesses and its influence on accounting and tax considerations. 📚🧾
- The need for clear regulations tailored to the crypto industry to ensure operational efficiency and compliance. ⚖️💡
- Introducing Swiss Asset Dow: Enabling legal certainty and operational frameworks for decentralized autonomous organizations (DAOs). 🏛️💡

Key Takeaways:
- The importance of understanding liquidity and its impact on business operations. 💧
- The challenges and opportunities presented by market making in the crypto industry. 📈
- Navigating the complex regulatory landscape and its implications for accounting and tax compliance. 📚💼⚖️
- The future of decentralized organizations and the role of legal frameworks in enabling their growth. 🌐🏛️

Don't miss out on this insightful discussion! Tune in to the latest episode of "Niche to Necessity" to gain valuable insights into the evolving world of crypto accounting and finance. 🎧🔍💡

Don't miss this enlightening conversation! Tune in to learn how to navigate the ever-evolving world of accounting for crypto assets!

https://cryptocfos.transistor.fm/

Visit: www.cryptocfos.com

#CryptoAccounting #Finance #Blockchain #Cryptocurrency #DAOs #RegulatoryLandscape #MarketMaking #Liquidity #TaxCompliance #NicheToNecessity #PodcastEpisode #CryptoIndustry

Next Episode

S1E12 - Rustin & Daniel | Coast

On this episode of "From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets" we feature Rustin Cavel and Daniel Durning the founders of COAST, a beneficiary service that uses smart contracts to help pass on your digital assets to loved ones.

Here are 3 key takeaways from the discussion:
1 Coast aims to bridge the gap between traditional finance and decentralized finance by offering beneficiary services for digital assets. Just like in traditional finance, where you can name beneficiaries for your bank accounts or 401(k), Coast allows you to designate beneficiaries for your digital assets held in wallets.

2 The Coast platform simplifies the onboarding process for new users by making it as familiar and user-friendly as possible. Through the use of phone numbers and email addresses, beneficiaries can easily receive assets and be named as beneficiaries, even if they are not yet familiar with the world of crypto.

3 Security is a top priority for Coast. While custody of the assets remains with the user, the system employs smart contracts to ensure the protection and transfer of assets to beneficiaries in the event of inactivity or unfortunate circumstances. The team is meticulous in conducting security audits and ensuring the utmost safety for users.

Check out the full episode to learn more about Coast and how it is revolutionizing the digital asset space!

https://cryptocfos.transistor.fm/

Visit: www.cryptocfos.com

#Podcast #DigitalAssets #Crypto #Web3 #BeneficiaryServices #Coast