Dbriefs
6 May.

Crypto for business: Tax, accounting, and risk considerations

Business Strategy & Tax

Thursday, 11:00 a.m.  ET | 1 hr
Credits offered: CPE Event language: English

Participants will gain insights based on our presenters’ practical experience with integrating digital assets into business.

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Key takeaways

Host: Sam Lowenthal, partner, Deloitte Tax LLP
Presenters: Rob Massey, Tim Davis, and Amy Park

 1 Overview CPE credit | Taxes 

Cryptocurrencies have been in the spotlight recently, prompting many management teams and boards to explore how to integrate digital assets into their business. Digital assets are a new frontier; there is no playbook and relatively few rules to guide the way. Yet, the adoption of crypto is becoming more common. We’ll discuss:

  • Tax and accounting considerations when investing in crypto, accepting crypto from customers, and using it for expenditures
  • Risk and control considerations related to the use of digital assets
  • Developing your company’s road map for engaging with digital assets

 

Meet the speakers

Rob Massey

Rob Massey

Global & US Tax Blockchain & Digital Assets leader

Rob Massey has 20 years of professional experience in tax consulting for technology companies including search, SaaS, and gaming with an expertise in blockchain, cryptocurrency, and tokenization. He serves companies throughout the blockchain ecosystem inclusive of miners, specialty chip design and manufacturing, payment processing, wallet hosting, exchanges, exchange-traded funds, hedge funds, tokenization, and protocol development. Rob leads Deloitte’s blockchain efforts in tax for the global firm.

Tim Davis

Tim Davis

Principal | Deloitte & Touche LLP

Tim has more than 25 years of experience with Deloitte & Touche LLP serving a range of multi-national clients. His areas of focus are an external audit, risk management, controls and governance, IT audit, data analytics, and M&A services, and with cryptocurrency and blockchain initiatives. Under Tim’s leadership, Deloitte’s Global Center of Excellence for Blockchain Assurance coordinates the firm’s approach to designing and assessing systems of internal control and compliance over blockchain systems. Tim collaborates on research into blockchain governance and controls with the Digital Currency Initiative at Massachusetts Institute of Technology. He also represents Deloitte on a task force led by the American Institute for Certified Public Accountants (AICPA) and the Information Systems, Audit, and Control Association (ISACA) working on identifying risks associated with permissioned blockchains and distributed ledger technology. He serves on the board of Treehouse, a non-profit dedicated to giving foster children in the State of Washington a future through education.

Amy Park

Amy Park

Partner | Deloitte & Touche LLP

Amy is a US Audit & Assurance Blockchain & Digital Assets partner and a partner in Deloitte’s National Office Accounting and Reporting Services specializing in technical accounting matters in consolidation, financial instruments, and accounting for digital asset transactions. She also serves as the Ideation leader for the Accounting Advisory & Transformation Services practice. In this role, Amy leads the development of ideas into potential new service offerings that can enhance the value Deloitte can bring to the marketplace, including areas of emerging technologies and expanded assurance. She is a member of the American Institute of Certified Public Accountants and serves on the AICPA’s Digital Assets Task Force, focusing on accounting matters related to digital assets. Amy has more than 16 years of experience in public accounting, including a practice fellowship at the Financial Accounting Standards Board, and has served public and private companies in the banking and securities, and digital assets industries.

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Thursday, 6 May 2021 11:00 a.m. ET
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