BITCOIN - More Than Just Another Bad ‘B’ Word
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!