As Bitcoin becomes more mainstream, the use of its enabling technology, blockchain, will also become more frequent. Already, blockchain is impacting the tax services industry and will continue to do so in the future. This webcast discusses blockchain technology and teaches you how to master current tax issues, anticipate new challenges and create value for yourself and your clients with this new technology.
The focus of this webcast is distributed ledger technology (DLT), and we will explore numerous related topics, including smart contracts, digital assets, private blockchain, governances and taxation. You will also learn about relevant principles, insights and frameworks that will be valuable for tax professionals long after the completion of the webcast and the unfolding of blockchain technology. By the end of this webcast, you will have a stronger understanding of topics, application and regulatory perspectives associated with blockchain technology, so you can better understand how it affects your clients and organization.
Learning Objectives
Identify the impact of technology on taxation
Recognize the elements of DLT
Recall how digital assets can impact taxable transactions
Identify the tax implications of private blockchains
Identify the potential tax impact of blockchain governance issues
Analyze the current state of DLT regulation
Recognize the causes for tax abuse and the uncertainty surrounding digital asset transactions
Distinguish between terms the blockchain, bitcoin and DLT
Differentiate between private blockchains and public blockchains
Identify on-chain and off-chain assets
Compare the “Internet of Information” to the “Internet of Value.”
Recall the elements of a smart contract
Identify the regulatory authorities that govern digital assets
Distinguish how “Crypto-Economics” is different from traditional economics
Major Topics
Fintech revolution
Distributed ledger technology
Digital assets
Private blockchains
Smart contracts
Governance
Blockchain regulations
Taxation of blockchain transactions
Conducting tax services for clients with blockchain transactions
The role and responsibilities of public accountants and how it may evolve in the future with the changing blockchain landscape
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
Technology
CPE Field of Study
Information Technology
5.0
Taxes
3.5
Who Should Attend
Finance professionals without IT or tech experience: CFOs and controllers
Public and management accountants Partners, staff, managers and internal auditors