News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
Tax enforcement gap in India and Israel exposes serious crypto accounting and compliance risks for firms serving clients in both jurisdictions
Four concurrent EU tax enforcement and legislative developments across Luxembourg, Netherlands, Poland, and Sweden create immediate compliance pressure for multinationals and their advisers.
Four CJEU and EU-level tax rulings from late 2022 carry direct compliance implications for accounting firms and CFOs operating across Italy, Portugal, Spain, the Netherlands, and Germany, covering property platform withholding, capital duties, State aid, and energy solidarity contributions.
Two landmark EU court rulings reshape the tax treatment of cross-border banking branches in Portugal and close off a direct challenge to the EU Minimum Tax Directive, with direct implications for multinational structures and tonnage tax planning.
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
ESMA's call for unauthorised CASPs to wind down orderly as MiCA transitional period ends, highlighting compliance obligations for crypto firms and implications for accounting firms advising clients.
ATO's discussion on best crypto tax software highlights the need for enterprise-grade crypto accounting solutions for firms.
Spain's firm stance on MiCA compliance deadlines signals a broader EU trend, requiring crypto firms to urgently align their accounting and reporting processes.
The court case highlights the importance of accurate tax classification for investment firms, which can be supported by crypto accounting software.
