Sessions

BITCOIN - More Than Just Another Bad ‘B’ Word

Tapping Technology

 

Presented by: Mike Widdis, ICIA, CPB

 

Bitcoin - labeled as a “bad B word” - has been given a bad rap.  Many of you wonder about it yourselves, and may have customers asking you about it, too.  The bottom line: No, it’s not just for criminals – and no, you won’t go to jail for accepting Bitcoin as a form of payment.

During this session, Mike will walk you through:

  • what CRA has to say about Bitcoin

  • the upsides (and downsides) of working with Bitcoin

  • what Bitcoin looks like from inside an accounting firm

  • why his own firm ‘UpSide Accounting’ began accepting it as a form of payment

  • and how (the hell) you properly book it!

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©2019 by the Institute of Professional Bookkeepers of Canada. 

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