Understanding Your 1099-DA
The 1099-DA is the IRS’s new information reporting form for digital asset activity, and starting in tax year 2025 most U.S. crypto exchanges and brokers must report their customers’ crypto trades on it. This FAQ explains what the 1099-DA is, why you received one from your exchange, what data it includes (and what’s still missing), and how it connects to Form 8949, Schedule D, and your overall crypto tax filing.
Crypto Accounting Firm vs. Traditional CPA: What Digital Asset Companies Actually Need
Digital asset companies face accounting challenges traditional CPA firms simply aren’t built to handle. From on-chain data reconciliation to complex regulatory guidance like the GENIUS Act and IRS Revenue Procedure 2024‑28, crypto finance introduces layers of complexity beyond standard debits and credits. A crypto accounting firm specializes in navigating these nuances, offering expertise in blockchain data, proof of reserves, and digital asset tax compliance, while traditional firms often lack the technology and regulatory depth digital asset companies need.
In this guide, we break down the key differences between a crypto accounting firm vs. a traditional CPA, highlight the warning signs you’ve outgrown your generalist firm, and share what to look for when choosing a crypto‑native accounting partner that can scale with your business.
Where Smart Contracts End and Proof of Reserves Begins
Smart contracts bring transparency to how stablecoins operate and reveal on-chain token supply, minting, and burning logic. But while they show how tokens move, they can’t prove what backs them. That’s where Proof of Reserves comes in. A Proof of Reserves audit independently validates the real-world assets behind stablecoins, confirming reserve existence, ownership, and reconciliation against circulating supply. Together, smart contracts and Proof of Reserves form a complete trust framework for stablecoin assurance, merging on-chain transparency with off-chain verification. Learn how combining both drives stronger compliance, credibility, and confidence in digital assets.
Non-Circulating Token ‘Treasury’ Wallets in Stablecoin Setups: Purpose, Pros, and Cons
Non-circulating treasury wallets are a critical but often misunderstood part of stablecoin architecture. They allow issuers to manage supply more effectively, but without proper disclosure, they can raise questions about reserve backing and transparency. Learn how these wallets function, their pros and cons, and why they’re essential to accurate stablecoin audits and Proof of Reserve attestations.
Common Pitfalls for Stablecoin Proof of Reserves Audits
Proof of Reserves audits are essential for stablecoin transparency, but even experienced issuers face recurring pitfalls that can impact reliability and trust. Learn the five most common challenges in stablecoin Proof of Reserves audits and how to strengthen reporting accuracy, reconciliation processes, and cross-chain oversight.
Bitcoin Mining Partnerships: Structuring for Success, Tax Efficiency & Long-Term Gains
Bitcoin mining partnerships can unlock powerful tax benefits but only with the right structure, planning, and tracking from day one. This guide breaks down LLC defaults, capital accounts, basis, distributions, and financial modeling so founders, investors, and CPAs can minimize surprises and maximize long-term Bitcoin-denominated returns.
Bitcoin Mining Tax Strategy: How to Maximize Your 2026 Deductions
Maximize bitcoin mining deductions with our CPA guide to hardware depreciation, Section 179 expensing, hosting fees, and IRS-compliant strategies for miners
How Startups Can Win in the Tokenized RWA Boom: A Playbook for Crypto Innovators
Startups can seize the explosive growth of tokenized RWAs (real-world assets) by mastering the 3Ds Playbook: Distribution, Distinction, and Disclosure. As major U.S. policy moves and institutional players accelerate the market—projected to top $15 trillion—crypto startups that build strong distribution partnerships, offer unique or yield-bearing real-world asset tokens, and provide transparent, auditable disclosures can outmaneuver giants and win trust in the new era of digital asset finance
GENIUS Act Stablecoin Law Explained: The Compliance Countdown Has Begun
The GENIUS Act introduces major regulatory changes for U.S. stablecoin issuers. Learn what it means, who qualifies, and how to stay compliant by 2026.
Accounting Today Recognizes The Network Firm as a Top Technology Firm for 2025
The Network Firm has been named a Top 10 2025 Best Firm for Technology by Accounting Today.
What is a Crypto Accounting Firm? What They Do & Why They Matter
Crypto accounting firms specialize in digital asset financial management, compliance, and auditing. Learn how they help businesses navigate crypto regulations, optimize tax strategies, and maintain transparent financial records
2025 Crypto Accounting Guide: How to Protect Your Startup from Financial Pitfalls
Crypto Accounting Startup Guide: Learn how to avoid costly financial mistakes running your crypto startup. Discover essential accounting, tax, and budgeting tips for crypto startups in 2025.
SAB 122 Just Changed Everything for Crypto—But There’s a Catch
For the past two years, crypto accounting firms, banks, and exchanges have struggled with SAB 121, the SEC rule that forced financial institutions to classify customer crypto as a liability. It made custody a regulatory nightmare. But now, SAB 122 has overturned this rule—bringing a massive shift to crypto regulation.
While banks and stablecoin issuers are celebrating, there’s a hidden downside that few are talking about. As a crypto CPA or financial professional, understanding these changes is critical. In this deep dive, we break down the risks, the opportunities, and why the industry must act fast.
Stablecoins: The $1 Trillion Opportunity (And How You Can Capitalize On It)
A must read for stablecoin issuers, crypto companies, and policymakers looking to understand the booming $1 trillion stablecoin opportunity. Jeremy dives into the critical steps for mastering compliance, reserve management, and smart contract security, ensuring your stablecoin project not only survives but thrives in this competitive market.
What is a Stablecoin Auditor? Why You Need One
Discover the critical role of stablecoin auditors in ensuring transparency, trust, and compliance in the crypto ecosystem. Learn what stablecoin attestations are, why they matter, how they mitigate risks, and the best practices for selecting an experienced auditor in the evolving world of digital assets.
IRS Crypto Tax Rules in 2025: What You Need to Know to Stay Compliant
The IRS has kicked off 2025 with new crypto tax rules that have left many investors and brokers scrambling to make sense of their compliance obligations. From wallet-specific tracking requirements to delayed broker reporting mandates, the evolving landscape introduces complexity—but also clarity—for taxpayers and exchanges. Here’s what’s changing, what’s staying, and how you can stay ahead of the curve.
Bitcoin's Biggest Upgrade Yet? How FASB’s Fair Value Rules Could Transform Corporate Finance
Discover how Bitcoin is becoming a strategic reserve asset for cities, states, and nations. Learn about key legislative moves and the potential impact on global economic dynamics. Explore the benefits of Bitcoin as a hedge against financial instability and its role in shaping future economic power. Dive into the implications for policymakers and government officials.
Bitcoin as a Strategic Reserve: How Cities, States, and Nations Are Positioning Themselves for the Future of Money
Discover how Bitcoin is becoming a strategic reserve asset for cities, states, and nations. Learn about key legislative moves and the potential impact on global economic dynamics. Explore the benefits of Bitcoin as a hedge against financial instability and its role in shaping future economic power. Dive into the implications for policymakers and government officials.
Monthly Attest as an Industry Baseline - Your Path to a Conventional Proof of Reserves for Your Users
Conventional Proof of Reserves (PoR) reporting, conducted by independent certified public accountants, is a crucial method for verifying that reserve assets adequately cover outstanding token liabilities in the digital asset space. This process involves defining the scope, collecting and verifying data, constructing the PoR, engaging a crypto CPA firm, and transparently disclosing the attestation report to stakeholders. The Network Firm offers specialized attestation services for token issuers, leveraging their expertise in digital assets and advanced technology to provide customized, compliant, and reliable PoR reports.
Proof of Reserves Prep - 5 Easy Steps for Cross Functional Teams to Achieve PoR Reporting
This blog post outlines a comprehensive five-step process for preparing crypto Proof of Reserves (PoR) reporting, aimed at enhancing transparency and trust in the digital asset industry. The steps include general scoping, creating a customer liability extract, constructing a Merkle Tree, proving asset balances, and reporting and disclosure, providing a streamlined guide for cross-functional teams to efficiently and accurately complete PoR reporting. The post emphasizes the importance of regulatory compliance, data validation, and clear communication with stakeholders throughout the process.