News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
EU DAC6/DAC7/DAC8 regulatory shifts, IAS 12 GloBE amendments, and member-state implementations create concrete compliance obligations for accounting firms and CFOs advising EU-facing clients
HMRC refreshes VAT Notice 723A: procedural rules for non-UK businesses reclaiming UK VAT, with key deadlines and eligibility conditions accounting firms need to track now
Third Circuit's Murrin decision binds Tax Court practitioners in DE/NJ/PA: a preparer's fraud alone triggers Section 6501(c)(1)'s unlimited assessment window, exposing innocent clients to decades of back-tax and interest liability
EU DG TAXUD's new two-volume wealth tax study maps regimes across seven jurisdictions and flags compliance gaps, information exchange deficits, and the growing importance of tax administration digitalisation for accounting firms advising high-net-worth clients.
Bill C-15 creates immediate planning obligations for Canadian accounting firms advising businesses on capital gains, foreign affiliate income, trust reporting, and SR&ED credits
IRS disputes CP53E errors exist while AICPA collects practitioner examples of erroneous notices sent to taxpayers who owed nothing
Switzerland and Croatia have signed a DTA amendment implementing OECD minimum standards on treaty abuse and automatic information exchange, with parliament ratification still pending in both countries.
EU DG TAXUD publishes the 2026 ViDA work programme, giving accounting firms and CFOs a concrete implementation roadmap for phased VAT digitalisation through 2035
Section 530A Trump accounts create an 18-year recurring advisory revenue stream that most accountants are overlooking
EU DG TAXUD confirms Cyprus IIR has qualified status under the Pillar 2 Directive regardless of OECD Central Record listing, with direct implications for MNE filing strategies before the 30 June 2026 deadline.
Switzerland and Belgium sign a protocol amending their bilateral double taxation agreement: what accounting firms and CFOs with cross-border CH-BE exposure need to track before ratification.
SARS has updated its Binding General Rulings series to include rulings 61-80, giving accounting firms and CFOs new authoritative interpretation guidance to apply to their South African tax positions.
The IRS has issued new guidance on AI risks under Circular 230, increasing compliance duties for tax practitioners. Crypto accounting software can help firms manage these obligations.
EBA's new milestone requires crypto accounting software to adapt to enhanced reporting standards for EU firms.
IRS Office of Professional Responsibility clarifies that Circular 230 duties apply in full to AI-assisted tax work, placing compliance and billing obligations squarely on practitioners and firms
The IRS filing season disparity between online and other filers highlights the need for robust crypto accounting software to ensure accurate reporting and reduce audit risk for accounting firms.
EMIR 3 introduces an active account requirement for EU counterparties, expanding reporting obligations that intersect with dac8 reporting and crypto asset accounting standards.
ESMA's call for unauthorised CASPs to wind down orderly as MiCA transitional period ends, highlighting compliance obligations for crypto firms and implications for accounting firms advising clients.
ATO's glossary update reinforces the convergence of crypto accounting standards globally, affecting firms that advise clients on IFRS crypto assets.
ACCA highlights how DAC8 reporting is a new revenue stream for accounting firms, alongside evolving crypto US GAAP and IFRS standards.
The advisory panel's recommendations signal a shift toward technology-driven tax administration, which will impact how accounting firms handle crypto compliance.
DAC8 reporting introduces mandatory disclosure of crypto transactions for EU tax authorities, aligning with global standards like CARF and impacting accounting firms' compliance workflows.
ATO's discussion on best crypto tax software highlights the need for enterprise-grade crypto accounting solutions for firms.
ATO guidance on crypto tax software reinforces the need for enterprise-grade accounting tools, positioning CryptaCount as a leading solution for firms.
