From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets

On this episode of From Niche to Necessity: Tax & Accounting for Web3 and Digital Assets, Taylor Zork invites guest Harry Shurek, owner of The Crypto Accountant, to share how he entered the crypto industry. They discuss the shortage of accountants with specialized knowledge in both cannabis and crypto, as these industries continue to grow. Harry also introduces his accounting firm, which has grown to service high-profile clients with 25 staff members, over half of whom are CPAs. They also discuss the challenges of managing investments in the crypto space and the need for specialized knowledge in the industry. In addition, he shares insights on their involvement in the Metaverse and how NFTs are used to connect with the community. The episode concludes with tips on how to learn about the crypto space, the importance of proper tax reporting, and the increasing demand for accountants with knowledge of both cannabis and crypto.