Crypto and blockchain aren't ready for prime time

Crypto and blockchain aren't ready for prime time

While they hold much potential to change accounting, thought leaders say the technology is still immature, and more of today’s top stories.

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The Frontier: Crypto and blockchain aren't ready for prime time

While blockchain is doing impressive things in a lot of areas, accounting is not yet one of them.?

In other news today:

IRS offers simpler way for estates to extend time to file for tax exclusion

The service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion beyond the fifth anniversary of their spouse’s death.

Treasury offers framework for regulating crypto internationally

The Treasury developed the framework with other federal agencies in response to an executive order from President Biden, even as lawmakers have proposed their own industry-friendly legislation.

Top pros and cons of being a management accountant

A career in the field won’t be completely free of any downsides, but that will be the case in most industries.

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Democrats plan to extend Medicare solvency in new Biden tax bill

Senate Democrats have reached a deal to extend the solvency of Medicare by closing a tax loophole frequently used by law firms and other partnerships.

Deadline for MP Elite 2022 submissions extended

Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list to the end of the day on Thursday, July 14.

Diane Mahoney, EA

Freedom is not Free!

2 年

Well, ready or not, it's coming soon! ??

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