I'm looking forward to explaining the potential (and insanity) of blockchain technology for real world applications to IMA members at their annual conference using the example of CryptoKitties, the "collectable, breedable, adorable" digital cats. It's like Beanie Babies in the cloud!
I joined John Garrett recently on the Green Apple Podcast to talk about how my background in classical music helps my accounting career, how automation is attracting more creative individuals to the accounting profession, and why being authentic at work is the key to developing relationships that will aid your career. Listen here.
Read my interview with Ed Kless on the Sage Advice Podcast. We talk about how my first career as a classical cellist was disrupted by automation, what drew me to accounting technology, and how teams in the accounting profession are increasingly becoming a mix of full-time employees, part-time employees, contractors, and outsourcing firms.
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.
If you want to understand the value of blockchain and cryptocurrency, read this. It has nothing to do with the price of Bitcoin. That’s just a distraction. The true value is that it provides a distributed system for verifying claims of ownership — whatever they may be.