The smart Trick of Two of the Big Four Accounting Firms Now Accept Bitcoin That Nobody is Talking About

Consistent with this outlook, the Pw, C workplace in Hong Kong is now accepting payments in Bitcoin. The Wall Street Journal reported: Pw, C in Hong Kong said that it accepted the payment since it is increasingly dealing with startups in the city included in cryptocurrencies and blockchain, the open-ledger innovation that processes bitcoin deals by logging them on a public record.

PDF) Study on the Taxation of the Income Obtained from the Cryptocurrency  Transfer

The Big Four Are Complete Steam Ahead on Bitcoin's Innovation The other Big 4 firms (Deloitte, EY, and KPMG) are likewise eager to keep up with the changes driven by Bitcoin and its blockchain technology. For example, to promote Bitcoin's adoption, EY made offered ATMs at the World Web Forum for donations to Avatar Kids in January 2015.

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A Biased View of Cryptocurrency (Virtual Coins): Accounting Aspects and Tax

According to an EY press release: EY is digitalizing itself beginning in 2017, it will be possible to pay invoices from EY Switzerland in Bitcoin, workers will get a digital wallet, and a Bitcoin ATM will be taken into operation in the primary structure. Deloitte also concurs with the belief that Bitcoin's technology is creating incredible opportunities.

Two of the Big Four Accounting Firms Now Accept Bitcoin - Bitcoinist.com

Bitcoin-friendly Deloitte has been actively involved in the cryptocurrency community for a very long time. Furthermore,  Ceccar - Corpul Experților Contabili și Contabililor  acknowledges Bitcoin's virtues as a car for payments, in spite of its volatility. Deloitte workers are already making use of a BTM and paying for their meals with Bitcoin at Restaurant 1858, both located in Deloitte's Toronto office.

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Recently, in November 2017, KPMG joined the Crypto Valley Association as a first partner. The Crypto Valley Association's objective is "to take complete advantage of Switzerland's strengths to build the world's leading blockchain and cryptographic innovations community." Likewise, KPMG recently joined the Wall Street Blockchain Alliance (WSBA) as a business member.

The Big Four group consists of the 4 largest providers in the world of audit, taxation, advisory, actuarial, management consulting, and business finance and legal services. They offer audit services to most of the general public companies in the world, along with lots of personal business. In truth, the Big Four deal auditing services to 99% of the FTSE 100 companies.

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Images courtesy Shutterstock, Pw, C, and Twitter/Deloitte.