Last updated 2 years ago
Professional Accounting/Tax Advice
Problem
There is a gap in knowledge for funded projects about the implications of tax/accounting when dealing with crypto and how to stay compliant
Solution
Offer workshops along with a tax resource to give projects the tools and advice needed to be financially aware and tax compliant
Total to date
This is the total amount allocated to Professional Accounting/Tax Advice.
$10,000
Total funds requested
Distributed: $8,182
Remaining: $1,818
Complete
In progress
To be completed
173
Total votes cast
₳63.3M
Votes yes
₳2.14M
Votes no
About this idea
Overview
- Workshop 1 - Basics of accounting and how crypto fits into that
- Workshop 2 - Basics of crypto tax
- Workshop 3 - DeFi and complex crypto scenarios
- Workshop 4 - Company structures onshore and offshore - how to choose what is best for you and your project?
- Workshop 5 - International tax considerations with guest speakers
- Tax and Accounting resource guide for funded projects
Roadmap
- 3 months - Create a UK tax based resource for funded Project Catalyst proposers. Provide two workshops for funded proposers on the implications of taxation. Workshops 1 and 2
- 6 months - Help integrate resources that help with tax for different countries for other funded proposals. Workshop 3 - 5
- 9 months - Create tax and accounting resource guide for funded projects.
- 12 months - Repeat funding process through Project Catalyst if more workshops are needed
Team
- Myna Accountants - Leading UK accounting with international client base and team.
- Joe David - Founder and MD
- Sophie MacDonald - Crypto Accountant
- Lois Naylor - Crypto Apprentice
- Ethan Boolkah - Crypto Accountant
Feasibility
- Accountant - Combined 20 years experience in accounting industry, ACCA qualified staff.
- Crypto tax - Working with crypto clients for 3 years. Worked on over 50 individual tax returns so far and many more to be worked on over coming months. Also working with lots of crypto based businesses
- Experienced crypto investors so understand the mechanics of crypto and blockchain
Impact
- Saving funded proposers time and money to ensure they are set up in the most efficient way in order to maximise returns on project investment
- Reducing tax risk to ensure the funded projects are as compliant as possible
- Educating the community to ensure that funded projects return maximum impact to the community
Auditability
- Workshop will be recorded
- Tax resources is open to the community to use as they want
KPIs
- Number of workshop attendees
- Number of people viewing tax resource
Budget
- 5 x 1 hour workshop - $5,000
- General Q/A availability - $1,000
- UK Tax resource - $4,000
Total: $10,000
Monthly report
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Progress report
Status:
On track: No
Estimated completion date: -
Progress report
Status:
On track: No
Estimated completion date: -
Progress report
Status:
On track: No
Estimated completion date: -
Progress report
Status:
On track: No
Estimated completion date: -
Progress report
Status:
On track: No
Estimated completion date:
Progress report
Status:
On track: No
Estimated completion date:
Team
Accounting firm specialising in cryptocurrency, qualified accountants, in business for 8 years. Team holds crypto investments individually
Website:https://www.mynaaccountants.co/