Bitcoin
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Mar- 2025 -5 MarchAudit
PKF Littlejohn awarded Bitcoin miner audit
Listed Bitcoin mining company Vinanz has announced that it has changed its auditor to PKF Littlejohn. The firm will immediately replace Pointon Young Chartered Accountants, which has been statutory auditor since the business was set up in 2021. Vinanz stated that it needed to change to an auditor which had…
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Dec- 2024 -2 DecemberAdvice & Best Practice
Clued up on crypto? An accountancy guide to digital currency
Offering more efficient transactions, better (albeit less stable) interest rates, and increased relevance in a marketplace of global transactions, it is little wonder that the growth in cryptocurrency has been little short of explosive. Already more than a $3.47trillion marketplace, cryptocurrency is expected to grow at 13.1% per annum between…
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Jul- 2024 -3 JulyFeatures
The future of blockchain in accounting and finance
Blockchain technology, initially developed as the underlying infrastructure for cryptocurrencies like Bitcoin, has rapidly gained traction across various industries due to its potential to revolutionise how data is stored, verified, and shared. In the fields of accounting and finance, blockchain is poised to bring about significant transformations by enhancing transparency,…
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Feb- 2024 -8 FebruaryHMRC
HMRC sends 8,329 ‘nudge’ letters to crypto investors for owed tax
HMRC has sent a total of 8,329 “nudge” letters to individuals suspected of owing tax on cryptocurrency assets, according to UHY Hacker Young. The news comes as HMRC has been collecting data on cryptocurrency investors from crypto exchanges for at least three years. According to the government department, some crypto…
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Jul- 2023 -14 JulyBusiness
Hentons gets re-elected as auditors for ‘major’ cryptocurrency business
Hentons accountancy and advisory service provider has been re-elected as auditors for a “major” cryptocurrency trading business, after last year’s auditing success. The cryptocurrency business developed an algorithm that “revolutionised” the buying and selling of Bitcoin. By analysing market trends and strategically executing trades, the algorithm maximises profits for its…
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Oct- 2022 -11 OctoberFeatures
Blockchain: the industry’s game-changer?
Blockchain technology is set to change everything for accountants and auditors. John Edwards, CEO of the Institute of Financial Accountants (IFA) looks at how blockchain technology is disrupting the sector and how firms can lead by seizing the opportunity it presents. The technology’s potential As an accounting technology, blockchain is…
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Sep- 2022 -7 SeptemberFeatures
How accountants can launch a cryptocurrency division
“The market moves so quickly that it’s sometimes hard to keep up,” says Chris Smith, director of Personal Tax Compliance at BKL. “However, there aren’t many accountants out there specialising in cryptocurrency.” The cryptocurrency market is worth a whopping $940.74bn (£813.24bn) as of July 2022, according to Bybit, the cryptocurrency…
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Jan- 2022 -28 JanuaryFeatures
Key accounting trends for 2022
A turbulent couple of years have forced accounting firms around the world to change processes, re-examine working environments, and support businesses’ economic recovery, a pattern which is set to continue in 2022. John Edwards, CEO of the Institute of Financial Accountants (IFA), looks at some of the other key accounting…
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May- 2021 -20 MayTech
Bitcoin rebound leads FTSE 100 recovery
Bitcoin has stirred a recovery to the FTSE 100 today (20 May), as much of yesterday’s losses look set to be regained. While the London market dropped as low as 84 points (2%) in the Wednesday session, 30 points (0.43%) had already been clawed back at the time of writing…
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Apr- 2021 -28 AprilAccounting Firms
HMRC to demand data on cryptocurrency holdings
HMRC will begin demanding data on holdings of cryptocurrencies from taxpayers that it suspects are guilty of tax evasion and avoidance, according to UHY Hacker Young. The accountancy firm explained that HMRC’s statement of assets form, which is used to demand a complete accounting of all a taxpayer’s assets in…
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