Navigating the crypto and tax world, and the trends you need to know, with Zach McClure and Arthur Teller

Accounting Leaders Podcast

English - October 13, 2021 06:40 - 41 minutes - 95.5 MB - ★★★★★ - 3 ratings
Management Business accounting leadership accountant accountants accounting firm stuart mcleod Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: What success really means, the state of UK accounting, and the strength of community, with Heather Townsend

Next Episode: The inside story of GoProposal’s acquisition by Sage, with James Ashford

This week, Stuart is talking all things cryptocurrency with Arthur Teller and Zac McClure from TokenTax, the leading crypto tax platform and cryptocurrency tax accounting company. Together they discuss a broad range of crypto topics including how this movement is giving the younger generation a way to gain wealth, the global implications, and the trends in cryptocurrency that everyone in the accounting profession should know about. They even provide an answer to Stuart’s question; “what is going to 20x in value in the next two years”!

Together they discuss:

Bitcoin or Ethereum (1:20)Arthur’s journey toward involved with crypto and TokenTax (3:00)Zac’s experiences in Zimbabwe and India (5:00)Discovering cryptocurrency and the birth of TokenTax (7:50)Being here for the long-haul (13:00)The IRS’ approach to cryptocurrency (14:00)The transition from the corporate world to the crypto world (17:20)Navigating crypto’s complexities and ambiguities (19:10)The countries showing the most progression and maturity toward cryptocurrency (22:40)The mistakes occurring in the US (25:40)The impact of the generational shift (27:00)What happens when the young become rich (30:10)Generations interacting and adapting to a whole new concept of economics (33:00)The importance of (and problem with) common sense (36:50)Zac and Arthur’s predictions for the coins or tokens that will 20x over the next two years! (38:00)