Digital Assets

DIGITAL ASSETS

Accounting and advisory for digital asset transactions and virtual economic development.

Innovation, intrigue, and the possibility for endless ideas.

These concepts align well with the spirit of our firm's foundation, and led us not only to explore, but embrace the potential for digital asset utility and virtual development. 

 

The use of digital assets is expanding now, like it hasn't quite yet.  Traditionally viewed as too risky to navigate for many businesses, increased opportunities and changing perspectives are now encouraging business owners to also explore and embrace these technology and connectivity advancements.  Whether through digital currencies like Bitcoin being used to buy and sell inventory or pay for services, to businesses and individuals holding or creating digital collectibles or investment property in a metaverse, LEACIF can offer practical and innovative advice and support for your objectives.

Income tax compliance and financial reporting issues are at the forefront when assisting our clients with digital asset transactions, however our service approach goes well beyond these concepts alone.  We understand and appreciate the complexities and opportunities that surround incorporating digital property creation or use into a business's strategy.  For some, this may mean a new concept to slowly explore now or in the future, and for others it may mean well defined goals of expense control, endeavoring into new economies, or a long-term investment into the intangible.

While the subject matter is quickly changing and still emerging from early creation, our drive and curiosity has kept us exploring and diving further into these digital capabilities and concepts. True to our nature, we proceed with caution, conservatism, and a focus on enterprise risk management principles, coupled with an innovative spirit and appreciation of decentralization, individual experience, and virtual interaction.  In many ways, we recognize that the underlying nature of full scope connectivity is the core driver, and though it already exists in fragmented form, the ultimate possibility of entirely connected and open environments will continue to drive possibilities for digital development forward.  

Some of the matters we can assist with include:

  • Accounting and tax compliance for digital asset transactions, including ordinary income property, collectibles, investments, and mining activities;

  • Defining objectives, strategic planning, and enterprise risk management for the use of digital assets, including currencies, investment property, and self-created property;

  • Cybersecurity risk management program considerations;

  • Digital asset policy development, including tax and financial accounting policies, and management, investor, and board related policies;

  • Digital property management transactions, including rental and staking income;

  • Concept and idea exploration, advisory, and compliance, including Web 3.0 and metaverse expansion, digital collectibles and membership tokens, and initial coin offerings;

  • Discussion and analysis for businesses new to or just considering digital asset use.

Innovate your expectations.

Industries
Accounting and Bookkeeping

Accounting and 

Bookkeeping

Support and guidance for small and sole proprietor accounting and bookkeeping firms.

Cannabis

Cannabis

Industry leading, comprehensive solutions for cultivators, processors, distributors, and retailers.

Digital Assets

Digital

Assets

Accounting and advisory for digital asset transactions and virtual economic development.

Entrepreneurship.png

Entrepreneurship

Full scope services designed to support and uplift entrepreneurs and innovators.

eSports and Streaming

eSports

and Streaming

Compliance, record keeping, and accounting control for online gamers and eSports entrepreneurs.

Freelance and Self Employed

Freelance and

Self-Employed

Scaled bookkeeping and tax planning solutions for freelancers, contractors, and sole proprietors.

Manufacturing.png

Manufacturing

Risk management, advisory, and special purpose projects for small and mid-sized manufacturers.

Natural Health and Wellness

Natural Health

and Wellness

Business services for natural and organic product producers and retailers, herbalists, and consultants.

Professional Services

Professional

Services

Tailored approaches aligned to support legal, consulting, and other personal service professionals.

Property Leasing and Rentals

Property Leasing

and Rentals

Advisory, planning, compliance, and accounting services for property lessors and lessees.

We offer comprehensive accounting and advisory services designed to purposely impact value and strategic positioning for our clients.

Managed Accounting

Managed

Accounting

Services

About Us

Our mission is to provide services in a manner reflective of our core values and spirit.  What inspires us?  Read more about LEACIF and what makes our firm unique. 

Core Values

Core

Values

We support several leading and forward thinking industries that are meaningfully aligned with our firm's service intent and delivery.

Accounting and Bookkeeping

Accounting and

Bookkeeping

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Founded and grounded in Michigan, U.S.  Established in 2014.