Tim Savage
Partner, Tax - Blockchain and Digital Assets
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Digital assets have evolved at an incredible rate, and taxation rules are starting to catch up. We take a look at the potential changes.
Explore how bitcoin and energy abundance intersect with national security along with the future of these digital assets and their related impacts.
Explore the role of Bitcoin mining in optimizing energy utilization and boosting grid resilience with industry leaders.
The SEC’s approval of cryptocurrencies for trading means that taxpayers need to know the specific tax consequences associated with them.
The IRS released final regulations requiring “custodial” digital asset brokers to report digital asset sales and exchanges with little time to prepare.
Watch Weaver's on-demand webinar for an exclusive update on the rapidly evolving digital assets industry. Our panel shares their insights on the latest policy & regulatory developments.
To prepare for required reporting in 2025, the IRS released draft Form 1099-DA for Digital Asset Brokers to report digital proceeds to their customers and the IRS.
FASB will require entities to use fair value accounting for crypto assets and provide additional information about their crypto holdings beginning in 2025.
Weaver's webinar offers a deep dive into emerging tax topics around energy credits and incentives and the latest updates to tax laws impacting cryptocurrencies.
Featured in NAPE Magazine, Weaver’s Tim Savage has a Q&A with Giga Energy’s, Brent Whitehead on the similarities of bitcoin mining & oil and gas exploration activity.
Today’s key topics in digital asset policy and regulatory news include BlackRock’s spot ETFs, the SEC lawsuits with Coinbase and Binance updates. Tune in.
According to the ruling, the fair value of staking rewards should be recognized as taxable income as of the date and time the taxpayer gains dominion and control.
The law, which takes effect Sept. 1, 2023, offers greater clarity for Bitcoin mining companies that use stranded and flared natural gas to power their operations.
Join Weaver, The Texas Blockchain Council and Winstead for an insightful discussion about the latest updates and trends in the blockchain & digital assets industry.
In an effort to increase financial transparency, the FASB tentatively approved crypto assets to be separately disclosed from other intangible assets.
Recent cryptocurrency exchange failures were not caused by technological issues, but by a lack of structure in corporate governance and internal controls.
U.S. banking regulatory agencies (including the Federal Reserve, FDIC & OCC) released their first-ever joint statement on crypto-asset risks to banking organizations.
Tim Savage, Partner, Blockchain and Digital Assets, sat with the Society of HR Professionals to discuss the growing presence of cryptocurrencies in the mainstream economy, including the idea of crypto payroll as a benefit for employees.
Tune in for a discussion on the use of energy in bitcoin mining and how mining is happening on sustainable resources on this Weaver On-Chain episode.
Companies must now account for cryptocurrency assets using fair value, according to a decision made by the Financial Accounting Standards Board (FASB).
Join Weaver's Tim Savage and Kevin Sanford, and Vector's Molly Yakubian as they review accounting and tax considerations for digital asset investment funds.
Tune in as Steve Kinard, Director of Mining at the Texas Blockchain Council, joined Weaver’s Tim Savage for a look into the bitcoin mining process.
The demand for guidance on how firms should manage digital assets for accounting purposes continues to grow in tandem with the use and acceptance of crypto assets.
To improve tax compliance, the U.S. Treasury Department proposed four changes to "modernize" the corporate and individual reporting of digital assets.
Senators Kirsten Gillibrand and Cynthia Lummis proposed the Responsible Financial Innovation Act to create a comprehensive regulatory framework for digital assets.
Tune into our Weaver on Chain podcast for a discussion on solutions for tracking and reconciling crypto wallets and exchanges for tax purposes.
Tune into our Weaver on Chain podcast to learn about the impact cryptocurrency is having on the financial services industry.
Tune in to this Weaver On-Chain podcast about how DAOs are emerging as new entity structures and their potential to shift business management and governance.
Tune in to this Weaver On-Chain podcast to learn about the benefits of bitcoin as well as blockchain technology and other digital assets.
In this exciting debut episode of Weaver On-Chain, host Tim Savage, CPA, Blockchain & Digital Assets, Tax Services, welcomes world-renowned expert Dr. Sean Stein Smith DBA, CPA, as his inaugural guest on a podcast dedicated to the exciting world of cryptocurrency and the blockchain industry.
There are plenty of questions about cryptocurrency and blockchain, so Weaver’s Beyond the Numbers reached out to Tim Savage, who oversees tax services for Weaver’s Cryptocurrency Task Force, to help answer those questions.
With cryptocurrencies becoming more mainstream, Weaver is consistently asked to decrypt what crypto means for individuals and businesses that want to learn more.