Detailed Plan
Overview
- Workshop 1 - Basics of accounting and how crypto fits into that
- Workshop 2 - Basics of crypto tax
- Workshop 3 - DeFi and complex crypto scenarios
- Workshop 4 - Company structures onshore and offshore - how to choose what is best for you and your project?
- Workshop 5 - International tax considerations with guest speakers
- Tax and Accounting resource guide for funded projects
Roadmap
- 3 months - Create a UK tax based resource for funded Project Catalyst proposers. Provide two workshops for funded proposers on the implications of taxation. Workshops 1 and 2
- 6 months - Help integrate resources that help with tax for different countries for other funded proposals. Workshop 3 - 5
- 9 months - Create tax and accounting resource guide for funded projects.
- 12 months - Repeat funding process through Project Catalyst if more workshops are needed
Team
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Myna Accountants - Leading UK accounting with international client base and team.
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Joe David - Founder and MD
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Sophie MacDonald - Crypto Accountant
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Lois Naylor - Crypto Apprentice
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Ethan Boolkah - Crypto Accountant
Feasibility
- Accountant - Combined 20 years experience in accounting industry, ACCA qualified staff.
- Crypto tax - Working with crypto clients for 3 years. Worked on over 50 individual tax returns so far and many more to be worked on over coming months. Also working with lots of crypto based businesses
- Experienced crypto investors so understand the mechanics of crypto and blockchain
Impact
- Saving funded proposers time and money to ensure they are set up in the most efficient way in order to maximise returns on project investment
- Reducing tax risk to ensure the funded projects are as compliant as possible
- Educating the community to ensure that funded projects return maximum impact to the community
Auditability
- Workshop will be recorded
- Tax resources is open to the community to use as they want
KPIs
- Number of workshop attendees
- Number of people viewing tax resource
Budget
- 5 x 1 hour workshop - $5,000
- General Q/A availability - $1,000
- UK Tax resource - $4,000
Total: $10,000