The Accountant Quits Podcast

Umar Mallam Hassam
The Accountant Quits Podcast

Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com

  1. #83: Yield Bearing Stablecoins with Coinshift

    3 DAYS AGO

    #83: Yield Bearing Stablecoins with Coinshift

    The extra steps needed to tap into DeFi protocols often intimidate web3 companies from putting idle capital to work. Many of these companies hold large amounts of stablecoins like USDC and USDT, sitting idle and earning no yield. Since the start of 2025, Coinshift has been redefining how users earn passive income on stable assets through their liquid lending token, csUSDL, backed by U.S. Treasury Bills. Unlike traditional stablecoins like USDC, where users need to actively lend or stake to generate yield, csUSDL is designed to earn yield natively. On Episode 83, I spoke with Tarun Gupta, Founder & CEO of Coinshift, to talk about the company’s business model evolution, what this pivot means for the broader stablecoin market, and how csUSDL is positioning itself in an increasingly competitive space. ✅ OUR RESOURCES 💌Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits  👉 Twitter(X): https://x.com/accountantquits  👉 YouTube: https://www.youtube.com/@theaccountantquits  🎙️ Follow Episode Guest Tarun Gupta: https://www.linkedin.com/in/tarun-gupta-1a0973a1/   🎧 Website For show notes and past guests, please visit https://www.theaccountantquits.com/podcast  Topics covered; (0:00) Coming Up (0:48) Episode intro (2:42)  Why pivot & launch a stablecoin (10:27) Business model for payments (12:25) Business model of stablecoin issuers ( 17:51) Thanks to our sponsor ⁠Octav⁠ (19:32) Coinshift’s new stablecoin, csUSDL (21:20) Paxos USDL v/s Circle USDC (23:25) Morpho & Steakhouse Financial (27:11) UX of minting csUSDL (28:54) Paxos USDL & regulatory constraints (31:05) USDC and USDT v/s csUSDL (34:33) Thanks to our sponsor ⁠Request Finance⁠ (36:11) Challenges on csUSDL liquidity (38:19) Team challenges in 2024 (40:11) Coinshift DAO & SHIFT token (42:54) Coinshift’s vision (45:08) Lessons learned as a Founder (50:36) Reach out to Tarun

    51 min
  2. #82: Managing Data in a Multi-Blockchain World with Noves

    JAN 30

    #82: Managing Data in a Multi-Blockchain World with Noves

    As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data. With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting. Accountants are not engineers, they rely on tools like sub-ledgers and tax tracking platforms to handle crypto accounting and tax compliance. To help us understand how to navigate through managing data in a multi-blockchain world, I spoke with Ben Roy, the CEO & Co-Founder at Noves. Noves offers infinite scalability in on-chain data coverage, enabling seamless retrieval and transformation of data from any chain. Instead of merely providing raw data, Noves enriches and standardizes it into useful formats tailored for accounting and tax purposes. ✅ OUR RESOURCES 💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠⁠https://www.theaccountantquits.com/newsletter⁠⁠ 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠⁠  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: ⁠⁠https://www.linkedin.com/school/the-accountant-quits⁠⁠  👉 Twitter(X): ⁠⁠https://x.com/accountantquits⁠⁠  👉 YouTube: ⁠⁠https://www.youtube.com/@theaccountantquits⁠⁠  🎙️ Follow Episode Guest Ben Roy: https://www.linkedin.com/in/ben-roy-9a9a712/ 🎧 Website For show notes and past guests, please visit ⁠⁠https://www.theaccountantquits.com/podcast Topics covered; (0:00) Coming Up (0:55) Episode intro (2:49) Noves origin story (4:32) The current state blockchains, protocols, & tokens (8:06)  Why isn’t blockchain data formatted for accounting and tax reporting (12:24) Will onchain data become more standardized (14:22) Should sub-ledgers tackle the data problem (16:25) What should be the sub-ledger role ( 18:50) Thanks to our sponsor Octav (20:31) How does Noves help with managing onchain data (22:56) Use cases for Noves (24:27) How can accountants use Noves (26:27) API products (29:06) Thanks to our sponsor Request Finance (30:46) Positioning against competitors like Datai, Octav, DeBank (33:55) AI agents for onchain data (37:50) Closing thoughts (39:42) Reach out to Ben

    41 min
  3. #81: Digital Assets Tax Updates for 2025 with RSM US

    JAN 16

    #81: Digital Assets Tax Updates for 2025 with RSM US

    Donald Trump’s presidency is stirring up buzz in the web3 communities. Builders and users alike are optimistic about how the new administration could shape the future of digital assets, with promises of clearer regulations and greater adoption of cryptocurrencies on the horizon. But while we wait for these changes to take effect, there are already some major tax updates you need to know. To help us navigate these complex but important updates, I spoke with RSM US, one of the largest accounting firms in the world and a leader in the digital assets space, with some of their web3 clients including Ondo, Stellar, Binance, Paradigm, Bitgo and Consensys. And joining us are Skip Carlson, Digital Assets Market Leader at RSM US, and John Cardone, Senior Tax Director. ✅ OUR RESOURCES 💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠https://www.theaccountantquits.com/newsletter⁠ 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: ⁠https://www.linkedin.com/school/the-accountant-quits⁠  👉 Twitter(X): ⁠https://x.com/accountantquits⁠  👉 YouTube: ⁠https://www.youtube.com/@theaccountantquits⁠  🎙️ Follow Episode Guests 1. Skip Carlson, Digital Assets Market Leader: https://www.linkedin.com/in/sterlingcarlson/ 2. John Cardone, Senior Tax Director: https://www.linkedin.com/in/john-cardone-436412b1/ 🎧 Website For show notes and past guests, please visit ⁠https://www.theaccountantquits.com/podcast Topics Covered: (0:00) Coming Up (0:44) Episode intro (2:59) Guests intro & roles at RSM (4:21) Safe harbor relief & wallet-level tracking (9:11) How IRS defines a wallet (11:02) What to look for in a subledger with wallet-level tracking (12:45)  TD 121 and new broker reporting requirements (18:49) Notice 25-7 for taxpayers holding crypto with brokers ( 22:34) Thanks to our sponsor Octav ( 24:16) Created Property Argument & staking rewards (30:09) Role of node operator’s geography for recognizing revenue (31:51) Thanks to our sponsor Request Finance (33:30) Frozen staking rewards on exchanges (35:45) Valuing airdrops (38:59) Token migrations and tax liabilities (43:13) New regulations under Trump’s administration (44:33) Stand out US states for crypto (46:26) RSM services for digital assets (51:15) Upskilling RSM employees with blockchain (53:20) Areas to pay attention to in 2025 (56:24) Favorite maxim (57:29) How to reach out to John & Skip

    58 min
  4. #80: 2024 Wrapped - plus new courses & upgraded community for 2025

    JAN 3

    #80: 2024 Wrapped - plus new courses & upgraded community for 2025

    In this special New Year's episode, I’m pulling back the curtain on what The Accountant Quits has been up to in 2024 and giving you an exclusive preview of what’s ahead in 2025. I’ll dive into the milestones we’ve hit, from the Crypto Accounting Academy’s relative success to the launch of the Crypto Accounting Accelerator. Plus, I’ll highlight the growth of our weekly newsletter, the debut of our tools page for navigating crypto accounting, finance, and operations, and key takeaways from the conferences I attended in 2024. But that’s not all, I’m also revealing exciting new courses for 2025, the launch of our community offering, and the highly anticipated accreditation that’s been in the works. ✅ OUR RESOURCES 💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠https://www.theaccountantquits.com/newsletter⁠ 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: ⁠https://www.linkedin.com/school/the-accountant-quits⁠  👉 Twitter(X): ⁠https://x.com/accountantquits⁠  👉 YouTube: ⁠https://www.youtube.com/@theaccountantquits⁠  🎧 Website For show notes and past guests, please visit ⁠https://www.theaccountantquits.com/podcast⁠ Topics Covered; (0:00) Intro (1:14) Crypto Accounting Academy Growth (4:22) Students’ feedback (5:14) New modules (8:59) Crypto Accounting Accelerator launch (9:57) Podcast recipe for consistency (12:13) Building an email list & weekly newsletter (13:59) Share your thought leadership through articles (15:51) Tools library for crypto accounting (16:45) Lessons from conferences in 2024 (19:29) New courses in 2025 (21:48) New community offering (22:35) NASBA accreditation (24:13) Closing thoughts and quote

    25 min
  5. #79: DAO Services in the Cayman Islands with Karel Olivier from Lemma

    12/20/2024

    #79: DAO Services in the Cayman Islands with Karel Olivier from Lemma

    One school of thought argues that DAOs should avoid any legal structure and remain unregistered in all jurisdictions. But having a legal entity allows the DAO to engage in contracts with other real-world entities, and perhaps the biggest of all, A legal entity protects the individual participants of a DAO from unlimited liability. One structure that has gained popularity is the Cayman Islands Foundation structure. This facilitates opening bank accounts, exchange accounts, or dealing with vendors and market makers for the DAO. Now while this setup doesn't need shareholders, it does require local directors, a Supervisor, a Secretary, and a DAO Administrator. On Episode 79, I spoke with Karel Olivier, Lemma’s CEO & Co-Founder, to discuss their range of DAO Administrator services for DAOs in the Cayman Islands. Some of the DAOs that Lemma works with include SuperRare, Balancer, ENS, Gitcoin, Ethena, and more. ✅ OUR RESOURCES 💌 Join our weekly free newsletter and become a confident web3 Accountant https://www.theaccountantquits.com/newsletter 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits  👉 Twitter(X): https://x.com/accountantquits  👉 YouTube: https://www.youtube.com/@theaccountantquits  🎙️ Follow Episode GuestsLinkedin: https://www.linkedin.com/in/karel-olivier/ 🎧 Website For show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered; (0:00) Coming Up (0:50) Episode intro (2:55) Why Cayman Islands & incorporation set up (5:43) Roles of directors, secretary, supervisor & DAO administrator (8:27) DAO operator v/s DAO administrator (9:36) Should director & DAO operator be the same person (12:30) Role of supervisor with governance (15:23) Join the next cohort of the Crypto Accounting Academy (18:11) Pre-TGE, TGE & Post-TGE (25:11) Highlights of the 2024 amended VASP Act (27:28) Paragraph 8b on vested interest for directors (30:08) Governance process for DAOs & tools (33:59) ENS governance process (35:37) Thanks to our sponsor Request Finance (37:18) Opening a bank account & crypto-friendly banks (39:48) Other important service providers (42:15) Common mistakes around grants program (52:36) Lemma services for pre-TGE, TGE, post-TGE (56:04) Story behind Lemma’s name (57:55) Filing requirements for DAO foundations (59:45) Financial reporting of DAO to the community (1:02:15) Closing thoughts (1:04:03) Does Lemma work with other jurisdictions (1:05:47) Karel’s favorite quote (1:07:32) Reach out to Karel

    1h 8m
  6. #78: Becoming a Web3 CFO with Zac Hogg from Solana Foundation

    12/07/2024

    #78: Becoming a Web3 CFO with Zac Hogg from Solana Foundation

    A recurring theme among the CFOs I've interviewed is their common starting point: a lot of them started out at the Big4 accounting firms. I call these places boot camps for accountants - you’re surrounded by some of the brightest minds in accounting, working on massive clients, and the name on your resume alone gets people to take you seriously. Yes, the hours are grueling, and the starting pay is modest. But for those willing to embrace the grind, the payoff isn’t just a paycheck - it’s the foundation for a career that stands out in the crowded accounting space. On Episode 78, I spoke with Zac Hogg, the Financial Controller at the Solana Foundation. Zac’s journey started with nearly three years at PwC in their assurance department before he made the leap into the industry, working in companies like eToro & now the Solana Foundation. ✅ OUR RESOURCES 💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠https://www.theaccountantquits.com/newsletter⁠ 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits  👉 Twitter(X): https://x.com/accountantquits  👉 YouTube: https://www.youtube.com/@theaccountantquits  🎙️ Follow Episode Guests Linkedin: https://www.linkedin.com/in/zachoggcpa/  🎧 Website For show notes and past guests, please visit https://www.theaccountantquits.com/podcast Topics Covered: (0:00) Coming Up (0:56) Episode intro (2:59) Experience working at PwC (9:29) Getting a job at eToro (15:04) Why work in web3 (17:06) Join the next cohort of the Crypto Accounting Academy (19:53) Getting hired at Solana Foundation (22:28) First responsibilities (26:33) Helpful resources when starting out (30:52) Size of the team (33:45) Solana’s growing ecosystem & impact on Finance team (35:35) Web3 tools that integrate with Solana (43:31) Thanks to our sponsor Request Finance (45:10) Tools to track staked assets & staking rewards on Solana (48:16) Subledgers & staking features (50:31) External audit learnings (58:42) Web2 accountant v/s web3 accountant (1:03:40) Exciting projects on Solana (1:06:48) Career opportunities in web3

    1h 11m
  7. #77: Building a Crypto SaaS with a Two-Person Team with Bassil Eid & Selem Essaied from Breezing

    11/22/2024

    #77: Building a Crypto SaaS with a Two-Person Team with Bassil Eid & Selem Essaied from Breezing

    For the past 2 years, downsizing has been rampant across the board at companies embracing AI. According to Techcrunch, in 2024 alone, there have been more than 130,000 job cuts across 457 companies, from tech giants like Google, Salesforce, Dropbox, Microsoft and Consensys. If existing companies are slashing their workforce, the new startups are also leveraging AI to build a lean workforce. For the past year and a half, Breezing, a crypto subledger, has been quietly hustling, shipping products and onboarding customers - with just two people running the entire show. I spoke with Bassil Eid, the CEO of Breezing and Managing Partner at Detof, a crypto accounting firm, and Selem Essaied, their CTO. Some of their customers include industry-renowned names like SAFE, SingularityNET, Zerion, and well-known accounting firms like Harris & Trotter, Myna, R3gen and OnChainAccounting. ✅ OUR RESOURCES ✨Become a confident Web3 Accountant with our weekly free newsletter: https://www.theaccountantquits.com/newsletter 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits  👉 Twitter(X): https://x.com/accountantquits  👉 YouTube: https://www.youtube.com/@theaccountantquits  🎙️ Follow Episode GuestsLinkedin: https://www.linkedin.com/in/bassil-eid-7701a822/  LinkedIN: https://www.linkedin.com/in/selemessaied/  🎧 Website For show notes and past guests, please visit theaccountantquits.com/podcast/ Topics Covered; (0:00) Coming Up (1:13) Episode intro (2:59) Creating a billion-dollar company using AI (6:42) Building a subledger with a 2 person team (11:27) Finding the right investors (13:39) Using different subledgers & running an accounting firm (17:20) Thanks to our sponsor Request Finance (18:59) Features subledger should do well (22:45) Running own nodes v/s using 3rd party node providers (26:03) What accountants want in a subledger (28:02) Should subledgers offer invoicing, payments (32:56) Accounting firms contributing to build Breezing (34:45) Shoutout to accountants (37:06) Learnings from startup failures (40:35) Breezing’s wow features (43:42) Closing invoices without a clearing account (46:42) Breezing’s pricing (49:03) How Bassil keeps learning crypto accounting (53:29) How to be a good subledger salesman (56:16) Favourite maxim (59:47) Reach out to Bassil

    1 hr
  8. #76: Crypto Powered Neobank for Businesses with Ryan Bozarth from Dakota

    11/01/2024

    #76: Crypto Powered Neobank for Businesses with Ryan Bozarth from Dakota

    With traditional banks, it takes days to move your money, they offer little to no yield, and worst of all, they can freeze your account without warning. Also, you no longer control your assets once deposited - they become liabilities on the bank’s balance sheet. That means if things go wrong, your best hope is a bailout. We’re currently ushering into a new era of banking, one powered by stablecoins. One company building on this vision is Dakota, a crypto-powered neo-bank designed for global businesses. With Dakota, your deposits are fully backed by U.S Treasuries, you can send money globally with no transaction fees, and earn yield on your assets through U.S Treasuries and DeFi products, all within a single platform.  On Episode 76, I spoke with Ryan Bozarth, the Co-Founder & CEO of Dakota.  If you’re a fan of the smooth, user-friendly experience of Neobanks like Mercury, Brex, Wise, or Revolut, then you’re going to love Dakota. Think all that, but with the speed of crypto - where international wires don’t take days, but minutes. ✅ OUR RESOURCES ✨Become a confident Web3 Accountant with our weekly free newsletter: https://www.theaccountantquits.com/newsletter 🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto https://www.theaccountantquits.com/crypto-accounting-academy  ✊ Follow The Accountant Quits on Socials 👉 LinkedIN: https://www.linkedin.com/school/the-accountant-quits 👉 Twitter(X): https://x.com/accountantquits  👉 YouTube: https://www.youtube.com/@theaccountantquits  🎙️ Follow Episode Guest Linkedin:https://www.linkedin.com/in/ryanbozarth/  X : https://x.com/ryanbozarth_  🎧 Website For show notes and past guests, please visit theaccountantquits.com/podcast/ Topics covered: (0:00) Episode Intro (2:36) Stripe’s acquisition of Bridge (4:47) More M&As deals (6:09) Stablecoins & cross-border payments (8:17) Adoption of stablecoins from web2 companies (9:13) The rise of neobanks (12:11) Neobanks offering stablecoins (13:03) Role of stablecoins for neobanks (14:23) How to choose stablecoins (16:28) What is Dakota (18:43) Tokenized TBills & DeFi in Dakota (20:28) Banking licence of Dakota (21:46) No transaction fees for transfers & Pricing (23:32) Compliance challenges when onboarding new businesses (27:08) Crafting Dakota’s UX (29:49) Airbnb storyboard framework at Dakota (31:46) Marketing Dakota’s platform (33:31) Onboarding non crypto-native businesses (35:12) Summarizing crypto neobanks (37:38) Ryan’s favourite maxim (38:26) Reaching out to Ryan

    39 min
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About

Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com

Information

  • Creator
    Umar Mallam Hassam
  • Years Active
    2021 - 2025
  • Episodes
    83
  • Rating
    Explicit
  • Copyright
    © Umar Mallam Hassam
  • Show Website
    The Accountant Quits Podcast

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