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SAB121

SEC Releases SAB121 – US GAAP Accounting For Assets Held in Custody of Customers by Crypto Exchanges

Kensaku Kimura
/ Posted: 2022-04-30
/ Last updated: 2022-04-30
Background On March 31, 2022, the SEC released Staff Accounting Bulletin No. 121 (SAB 121). This SAB expresses the view of the SEC staff regarding the accounting treatment for crypto-assets that are reporting entity safeguards for its platform users…

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NTA Crypto Tax FAQ 2021 (FAQ Version 6)

Japanese Tax Authorities Releases FAQ (Ver6) on Crypto Taxes

Kensaku Kimura
/ Posted: 2021-12-31
/ Last updated: 2023-02-04
Very Few Changes From the June 2021 Update, “Staking and Lending” Now Added to the FAQ On December 22, 2021, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the sixth…

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NTA Crypto Tax FAQ 2021 (FAQ Version 5)

Japanese Tax Authorities Releases FAQ (Ver5) on Crypto Taxes

Kensaku Kimura
/ Posted: 2021-07-20
/ Last updated: 2023-02-04
Very Few Changes Compared to the 2020 FAQ, New Question on “Lending” On June 30, 2021, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the fifth time (the first was…

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NTA Crypto Tax FAQ 2020 (FAQ Version 4)

Japanese Tax Authorities Releases FAQ (Ver4) on Crypto Taxes

Kensaku Kimura
/ Posted: 2020-12-31
/ Last updated: 2023-02-04
Very Few Changes Compared to the 2019 FAQ, “Cryptocurrency” Now “Crypto Asset” On December 18, 2020, the National Tax Agency (NTA) published a guidance titled “Tax Treatment of Crypto Assets (Information)”. This is the fourth time (the first was…

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Public Companies are Starting To Acquire Bitcoin

Why US Public Companies are Starting to Acquire Bitcoin

Kensaku Kimura
/ Posted: 2020-10-15
/ Last updated: 2022-04-29
Technological Evolution, Macroeconomic Uncertainty, and Accounting Standards Publicly traded companies holding part of their reserves in bitcoin to protect their purchasing power. What was a fantasy a few years ago is becoming a reality. Two huge news stories have come…

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Malaysia Field Trip

Malaysia Visit Memo

Kensaku Kimura
/ Posted: 2020-01-28
/ Last updated: 2020-08-20
Our client was chosen to be part of JETRO’s “SDGs Startup Support Program – Malaysia” Our firm (Kimura Certified Public Accounts) has and continues to support startups that aim to positively impact society. I am currently acting as a…

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accounting of digital assets

AICPA Releases Accounting Guidance on Digital Assets (Cryptos)

Kensaku Kimura
/ Posted: 2020-01-24
/ Last updated: 2022-10-16
Significant differences with J GAAP, already causing GAAP differences between the two standards In December 2019, the AICPA (American Institute of Certified Public Accountants) released a guidance on the accounting of crypto currencies. This nonauthoritative guidance was released as…

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us subsidiary audit

New Service: US Subsidiary Audit Service

Kensaku Kimura
/ Posted: 2020-01-18
/ Last updated: 2022-10-16
Introduction of the new service We are excited to announce a new addition to our audit service line. The new service will focus on Financial Statement Audits for US (United States) subsidiaries of Japanese companies. In certain cases, the…

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NTA Crypto Tax FAQ 2019 (FAQ Version 3)

Japanese Tax Authorities Releases FAQ (Ver3) on Crypto Taxes

Kensaku Kimura
/ Posted: 2019-12-20
/ Last updated: 2023-02-04
Japanese Tax Authorities Releases FAQ (Ver3) on Crypto Taxes Compared to the FAQ in 2018, Version 3 covers a wider range with dedicated section on corporate tax On December 20, 2019, the National Tax Agency (NTA) published a guidance…

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BCJ2019

Looking back at BlockChainJam 2019

Kensaku Kimura
/ Posted: 2019-11-18
/ Last updated: 2020-08-24
This year’s BlockChainJam was as great, if not better than last year’s! This year’s BlockChainJam was held on November 17, 2019 at the Yasuda Auditorium (Tokyo University). It was pretty cool to listen to talks on cutting edge technology…

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