6 posts
Unrealized vs. realized gains, and the rule change that put crypto on the income statement. How FASB ASU 2023-08's fair-value model works, what's in and out of scope, the stablecoin gray area, and why your books and your tax return now diverge.
The IRS's new 1099-DA puts crypto on the same broker-reporting footing as stocks. Here's what it means for businesses that sell, hold, or pay in digital assets — who files, deadlines, and how to reconcile.
Crypto spend is three different things merged into one account. Splitting them, the accountable plan test, what substantiation actually requires, gas as its own category, and a nine-point policy written as decisions.
Wallet exports and ledgers share almost no common identifier. Nine break types, the identifiers that actually match, rate policy, gas, batch payouts and a month-end sequence that finishes.
A crypto invoice has to carry the routing details the blockchain never supplies: settlement asset, network, receiving address, rate and source, quote expiry, tolerance band. Here is the document, then the reconciliation.
Managing digital assets on a spreadsheet worked when your company held a little Bitcoin. Now that stablecoins process over one trillion dollars a month and regulators are tightening reporting rules, businesses need a proper crypto accounting system — or risk costly mistakes at tax time.