Soooo KPMG Canada Did a Thing Yesterday
If a Big 4 firm adding an undisclosed amount of bitcoin and ethereum to its corporate balance sheet interests you, then you’re in luck because that’s what KPMG Canada did, according to the approximately 1 million articles about it on the interwebs today. We’ll help you mine (see what I did there) through all the […]
Accountant Behaving Badly: Murder-For-Hire Plan Went Not According to Plan
Murder-for-hire, hitmen, bitcoin, dark web, and an accountant? OOOO, this should be good. And, of course, this happened in Florida. Here’s what the office of US Attorney Roger Handberg said about DeAnna Stinson’s plan to wipe out the spouse of her ex: According to court documents, on June 24, 2021, Stinson created an account on […]
Should Cryptocurrency Consulting Be the Next Phase in Your Accounting Career?
Think the hype over cryptocurrency has reached its fever pitch? Think again—the crypto craze has only just begun. Businesses are increasingly viewing cryptocurrency as a viable investment. New tokens are gaining steam, and Bitcoin, the OG crypto cash, continues to trade at a frenzied pace. More than 200,000 Bitcoin transactions occur every day, and investors like […]
The AICPA’s Twitter Totally Got Hacked by Bitcoin Scammers
So, I’m the first to admit I don’t know shit about blockchain, nor do I care. But I do know that public accounting firms are anxious to appear far more tech savvy than lil’ ol’ me and have been wasting a lot of time and effort talking about the transformative powers of blockchain. We’ll include […]
Break Out the Popcorn for Bitcoin Infighting and Legitimizing Cryptocurrencies
There are certain words that cause me to zone out. Bitcoin. Cryptocurrency. Ethereum. Still, I’m starting to become intrigued as an accountant. Especially after a big shake up in the Financial Technology (fintech) industry this week. In case you missed it, Bitcoin has a rocky road ahead. On Tuesday, the legacy Bitcoin cryptocurrency begrudgingly welcomed […]
Triple Entry Accounting: Harebrained or Genius?
I've never been to SXSW, but I imagine that all the smart people talking about smart ideas and getting all smart with each other is nauseating. Still! If I had been in Austin yesterday, I probably would've enjoyed this Bitcoin presentation that included a heavy dose of accounting history from Jake Benson, founder of LibraTax: […]
A Very Happy April Fool’s Day from Going Concern, And That’s No Joke
In case you didn’t notice, our little playground was purposely hijacked this morning. Anyone coming to the site who tried to click a post from 8am until 2pm got this assy splash: Seems legit. If you clicked the “wallet” link, you got an equally assy splash that declared “haha, got ya!” and reminded you today […]
ESPN “Bitcoin Sign Guy” Raises Over $22k, Now Needs Tax Advice
Let no one deter you from flying a wacky sign, as this guy learned over the weekend: Here's the deal: Yesterday on ESPN's "College GameDay" (an ESPN college football show that's filmed at a different college campus each week) some student held the above sign that has both the Bitcoin logo and a QR code. […]