The Network Firm

We’re excited to welcome Catherine Mullins to The Network Firm. Catherine Mullins joins us as an Experienced Associate in our Crypto Tax team, bringing hands-on experience from Count On Sheep, where she worked across complex digital asset reconciliations, tax compliance, and client advisory. What stood out to us wasn’t just the technical depth. It’s the way she’s already stepped into leadership. From managing high-volume crypto portfolios across multiple wallets and exchanges, to training interns, supporting hiring, and improving internal processes, Catherine has been operating beyond her years. She’s worked across: - Full-cycle crypto reconciliations - IRS-compliant reporting (including Forms 8949 and 4684) - Cost-basis strategies across DeFi, NFTs, staking, and more - Identifying missing wallets and reconstructing transaction histories All while contributing to team development and operational growth. At The Network Firm, we’re building a team that can operate at the intersection of accounting, technology, and digital assets. Catherine Mullins is exactly that. Looking forward to what we build together. #CryptoTax #DigitalAssets #Hiring #Accounting #Web3

The tax deadline is closer than you think. And if you're dealing with crypto, there's one thing most people still get wrong. An extension does NOT mean you don't have to pay. April 15 is still the deadline that matters. You can extend your filing to October, but the IRS still expects a payment on April 15. No payment means penalties and interest. So what do you actually do? You estimate what you owe and pay that amount. Overpay, you get it back. Underpay, you get penalized. That's why even if you're extending, you need to reconcile your crypto activity now. Without clean data, your estimate is just a guess. And in crypto, guessing is where things go wrong. At The Network Firm, we're the largest crypto-focused CPA firm in the US. We've been doing this since 2018. Tax deadlines with messy on-chain data aren't new to us. But what is new is Form 1099-DA. Starting from the 2025 tax year, exchanges are reporting your transactions directly to the IRS. Sounds helpful, but in practice, the data is often incomplete. Cost basis is frequently missing. And anything across wallets, DeFi, or multiple exchanges rarely matches cleanly. Which means what the IRS sees and what you file can easily diverge. That's where notices get triggered. We help you fix that before it becomes a problem. Full reconciliation across wallets and exchanges, cost basis reconstruction, and Form 8949 prepared correctly down to box-level accuracy. So your CPA isn't working with broken data. And you're not exposed to unnecessary risk. Don't extend and forget the payment deadline. And don't leave your numbers to guesswork. We break all of this down in our latest guide, including everything you need to know about 1099-DA and Form 8949: thenetworkfirm.com/blog/understan… #CryptoTax #1099DA #DigitalAssets #TaxDeadline #CryptoAccounting

🚨 Most CPA firms aren’t built for crypto. And it’s starting to show. As more companies hold, issue, and transact in digital assets, the gap between traditional accounting and crypto-native accounting is widening fast. → Payments in crypto are increasing → Treasury exposure to digital assets is growing → New reporting rules like 1099-DA are coming into force This isn’t a niche anymore. It’s becoming operational reality. 💡 Here’s the problem: Traditional CPA firms were built for: - Bank statements - General ledgers - Static financial systems Crypto introduces: - On-chain transactions across multiple wallets - DeFi activity and protocol interactions - Constantly evolving regulatory guidance It’s not just “new assets”, it’s a completely different data layer. 📉 Where things start to break: - Auditors asking you how blockchain transactions work - Manual wallet reconciliations in spreadsheets - Incomplete or misleading tax reporting (especially without cost basis) - Inability to support Proof of Reserves or crypto-native attestations These aren’t edge cases anymore. They’re becoming standard. 📊 The reality: At some point, every business will encounter crypto. Maybe it starts with: → A customer wanting to pay in Bitcoin → A treasury allocation to digital assets → Revenue from staking, mining, or tokens But as activity grows, so does complexity. And that’s the moment when generalist accounting stops being enough. ✅ What digital asset companies actually need: - Native understanding of on-chain data - Integrated crypto subledgers and reconciliation tooling - Deep knowledge of IRS, AICPA, and global regulatory frameworks - Ability to perform Proof of Reserves and crypto-specific attestations At The Network Firm, crypto isn’t a side practice. It’s the core focus. We work with exchanges, funds, stablecoin issuers, and digital asset companies globally, providing: - Financial statement audits - Proof of Reserves attestations - Crypto tax advisory - Outsourced accounting The shift is already happening. The question isn’t if your business will need crypto accounting expertise. It’s when. thenetworkfirm.com/blog/crypto-ac… #CryptoAccounting #DigitalAssets #Web3Finance #ProofOfReserves #CryptoTax

"Best event I attended at Digital Assets Summit New York." "The only one I stayed until the very end." "When's the next one?" That was the immediate feedback from our #PR1ME dinner at DAS New York. So what made it work? This 👇 ▪️ Curated guests (Web3 CFOs, Controllers, Heads of Finance only) ▪️ Aligned conversations ▪️ A whole lot of love 💙 Simple… but rare. You could feel the room click. Huge thank you to everyone who made the evening special 🙏 Adrian C. Vasiljevic (@SteakhouseFi ), Anna Yuan (@perena ), Jelena Richard (@AvaLabs ), Jenna Greenfield (@ethena ), Jigar Shah (@hack_vc ), Jor Jiao (@category_xyz ), Kate San (@orca_so ), Kimmie Lützhøft, Michael Levine (@FireblocksHQ ), Nick Ward (@The_NetworkFirm ), Olivia Lo (@AptosLabs ), Rohit Goel (@protocollabs ), Sarah Donofrio (@FalconXGlobal ), Sean Soper (@Offchain ), Sidra Pervaiz (@Securitize ), Spencer Marr (@SanghaRenew ), Suneil Kheterpal (@AvailProject ), Umar (@accountantquits ), Wesley Barton (@The_NetworkFirm ) And a huge thank you to our sponsor @The_NetworkFirm We're just getting started. 🚀 If you're a CFO, finance leader, or operator in Web3 and want to be part of these conversations: 👉 Join our community: theaccountantquits.com/courses Where should we host the next dinner? 👇

🚨 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗿𝗲𝗮𝗱𝘆 𝗳𝗼𝗿 𝘁𝗵𝗲 𝟮𝟬𝟮𝟱 𝘁𝗮𝘅 𝗳𝗶𝗹𝗶𝗻𝗴 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲? Crypto tax reporting is changing fast, and one of the biggest shifts is the introduction of Form 1099-DA - the IRS’s new reporting standard for digital asset transactions. Here’s what you need to know for the 2025 tax year (filed in 2026): 𝗚𝗿𝗼𝘀𝘀 𝗽𝗿𝗼𝗰𝗲𝗲𝗱𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗱𝗶𝗿𝗲𝗰𝘁𝗹𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗜𝗥𝗦 Brokers will report your crypto sales and exchanges via Form 1099-DA. The IRS will know what you sold and for how much, directly from the source. 𝗖𝗼𝘀𝘁 𝗯𝗮𝘀𝗶𝘀 𝗶𝘀 𝘆𝗼𝘂𝗿 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 Most exchanges won’t have full visibility into your transaction history, especially if you’ve moved assets between wallets or platforms. That means tracking purchase price and dates is on you. 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗼𝗻𝗹𝘆 𝘀𝗲𝗲 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗶𝗰𝘁𝘂𝗿𝗲 Centralized platforms and custodial wallets will issue 1099-DA forms, but they only reflect activity within their own systems. Your full tax position spans across wallets, chains, and platforms. 𝗣𝗿𝗼𝗰𝗲𝗲𝗱𝘀-𝗼𝗻𝗹𝘆 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗰𝗮𝗻 𝗯𝗲 𝗺𝗶𝘀𝗹𝗲𝗮𝗱𝗶𝗻𝗴 Many 1099-DA forms will include proceeds without cost basis. Without proper reconciliation, it may look like your entire sale is taxable income. 📊 This is a fundamental shift. The IRS is moving from relying on self-reporting to receiving direct third-party data on crypto transactions. But Form 1099-DA is just one piece of the puzzle. If you’re: → Trading across multiple platforms → Bridging assets between chains → Earning staking or DeFi rewards → Moving funds between wallets Then accurate reporting depends on complete cost basis tracking and reconciliation across your entire activity. ✅ The takeaway: Clean filings don’t happen by accident. They come from: - Accurate cost basis tracking - Proper documentation - Full reconciliation across wallets and exchanges At The Network Firm, we’re helping clients stay ahead of these changes before they show up as mismatches, errors, or IRS notices. If you’re unsure whether your crypto reporting is compliant, now is the time to get clarity. #CryptoTax #1099DA #DigitalAssets #TaxCompliance #Web3Finance

🌆 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸. 𝗢𝗻𝗲 𝘁𝗮𝗯𝗹𝗲. 𝗧𝗵𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝗪𝗲𝗯𝟯 𝗳𝗶𝗻𝗮𝗻𝗰𝗲. Next week, something special is happening during the Digital Assets Summit in New York. Together with @accountantquits Accountant Quits, The Network Firm is hosting the PR1ME New York Series - an invite-only dinner bringing together leaders working at the intersection of digital assets, accounting, and financial infrastructure. This isn’t a large conference room or a networking mixer. It’s a curated table of people actively building the financial backbone of the digital asset ecosystem. Attendees joining the evening come from organizations including: - @avalabsoffical - @Securitize - @Bastion - @protocollabs - @FireblocksHQ - @SolanaFndn - @RobinhoodApp - @category_xyz What makes this dinner stand out is the format. It’s intentionally small. It’s intentionally curated. And it’s designed to bring together people who are working on the real financial plumbing of the industry. Audit. Accounting. Treasury. Infrastructure. Institutional finance. These are the conversations happening behind the scenes as digital assets move further into mainstream financial systems. Gatherings like this create the space for those conversations to happen openly. If you’re attending the summit in New York and would like to join, there are very limited spots remaining and registration is subject to approval. Looking forward to a fascinating evening of discussion with some of the sharpest minds in Web3 finance. Sign up here: luma.com/nh8yycp5 #DigitalAssets #CryptoFinance #Web3Finance #Blockchain #DigitalAssetsSummit

🍽️ 𝗣𝗥𝟭𝗠𝗘 𝗡𝗲𝘄 𝗬𝗼𝗿𝗸 | 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗗𝗶𝗻𝗻𝗲𝗿 𝗳𝗼𝗿 𝗪𝗲𝗯𝟯 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 The most important conversations in web3 finance aren't happening at conferences. They're happening at dinner. On March 25, we're gathering 20 leaders from across digital asset infrastructure, audit, and institutional finance for the next PR1ME dinner in New York during the Digital Assets Summit. Join us for the New York edition of the PR1ME Series, powered by @accountantquits Accountant Quits and The Network Firm. One table. No presentations. Just the people building the financial backbone of this industry. Event details: 📅 March 25, 2026 ⏰ 18:00 – 21:00 📍 New York (location shared upon approval) ⚠️ Important: Only confirmed guests with a QR code will be allowed entry. Walk-ins or unapproved registrations will not be possible. A few seats remain → luma.com/nh8yycp5 #Web3Finance #CryptoAccounting #DigitalAssets #ProofOfReserves #Web3Events

📄 𝗥𝗲𝗰𝗲𝗶𝘃𝗲𝗱 𝗮 𝟭𝟬𝟵𝟵-𝗗𝗔? 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝗺𝗼𝘀𝘁 𝗰𝗿𝘆𝗽𝘁𝗼 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗴𝗲𝘁 𝘄𝗿𝗼𝗻𝗴. Read our latest blog post: thenetworkfirm.com/blog/understan… Starting in tax year 2025, crypto exchanges and digital asset brokers are required to report customer transactions to the IRS using the new Form 1099-DA. For many investors, this will be the first time seeing it. And for many, it will also be misunderstood. Here’s the reality: → The 1099-DA reports your gross proceeds, not necessarily your true gains → In 2025, cost basis is often missing or incomplete → Exchanges only see activity on their own platform → Wallet transfers, DeFi activity, and multi-exchange trading create data gaps That means one thing: 👉 The numbers on your 1099-DA are not the full story ⚠️ Why this matters The IRS receives the same 1099-DA data directly from exchanges. If what you file doesn’t match what they see, it can trigger: → Notices → Penalties → Additional scrutiny And simply copying your 1099-DA into your tax return? That’s where most people go wrong. 🧩 Where Form 8949 comes in Every crypto transaction must ultimately be reported on Form 8949, which feeds into Schedule D. But not all transactions are treated the same: → Box H: Reported by a broker, but missing cost basis → Box I: Not reported by any broker at all (DeFi, cold wallets, peer-to-peer) These must be separated correctly. Because this isn’t just formatting. It’s how the IRS reconciles your data. 🔍 The hidden problem: cost basis If you’ve ever: → Used a hardware wallet → Moved assets between exchanges → Traded on DeFi protocols Then your exchange likely does not know what you originally paid. And that can make it look like you owe far more tax than you actually do. 🧠 What we do at The Network Firm We focus on one thing: Getting your data right before it reaches your CPA. Our work includes: → Full 1099-DA reconciliation across exchanges and wallets → Cost basis reconstruction using blockchain and transaction data → Form 8949 preparation with correct box-level segregation → Clear documentation of methodologies for audit readiness We don’t file returns. We make sure what gets filed is accurate, defensible, and complete. 📥 We’ve put together a full FAQ covering everything you need to know about the 1099-DA and Form 8949. Download it here: thenetworkfirm.com/blog/understan… #CryptoTax #DigitalAssets #1099DA #TaxCompliance #BlockchainAccounting

We’re pleased to welcome Cayce Woodard to The Network Firm. Cayce Woodard joins us as a Senior Accountant with more than seven years of experience across client advisory services, financial reporting and tax. He’s built his career at @AprioAdvisors , Kirsch Kohn & Bridge LLP and HLB Gross Collins, P.C., where he worked with clients ranging from early-stage businesses to companies generating up to $9M in annual revenue. Cayce Woodard brings deep experience in monthly financial reporting, GAAP compliance and tax, including payroll, sales tax and federal filings. He has supported audits and individual and corporate tax returns, while also guiding clients across platforms like @QuickBooks , @NetSuite and @Xero to strengthen reporting accuracy and financial processes. Cayce Woodard combines strong technical accounting knowledge with a client-first mindset, regularly consulting on financial processes, reporting accuracy and technology solutions to improve operational efficiency. He holds a Bachelor’s Degree in Accounting and Business Management from Kennesaw State University. As digital assets continue to institutionalise, disciplined financial reporting, rigorous due diligence and scalable systems are critical. Cayce Woodard’s experience strengthens our ability to deliver high-quality advisory and accounting services to clients operating at the forefront of blockchain and tokenised finance. Welcome to the team, Cayce Woodard. #TheNetworkFirm #DigitalAssets #Accounting #BlockchainFinance #TeamGrowth

𝗖𝗼𝗺𝗺𝗼𝗻 𝗣𝗶𝘁𝗳𝗮𝗹𝗹𝘀 𝗳𝗼𝗿 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁𝘀 Proof of Reserves has become a core expectation for stablecoin issuers. In our latest blog, Jericho Sarmiento, CPA at The Network Firm, outlines five recurring challenges we see across stablecoin assurance engagements: 1️⃣ Undisclosed non-treasury wallets that distort circulating supply 2️⃣ Timing differences between onchain mint and burn activity and fiat reserve movement 3️⃣ Infrequent or manual reconciliation processes 4️⃣ Limited transparency into reserve composition and liquidity 5️⃣ Multi-chain deployment complexities that fragment supply tracking Proof of Reserves is not just a reporting exercise. It requires disciplined supply monitoring, structured reconciliation processes and clear reserve disclosures. When those foundations are strong, confidence follows. About the Author Jericho Sarmiento, CPA is a Staff Auditor at The Network Firm and a Certified Public Accountant with over five years of experience, including dedicated work across exchanges, custodians and stablecoin issuers. His focus is on applying established accounting and assurance principles to blockchain-based systems to ensure digital asset data is verifiable and reliable. Thank you to Jericho for contributing this piece to our blog. Read the full article here: thenetworkfirm.com/blog/common-pi… #Stablecoins #ProofOfReserves #DigitalAssets #CryptoCompliance #BlockchainFinance

Recently, @wes_crypto_ represented The Network Firm at the first Seed2Table Miami event and it delivered exactly what the industry needs more of: focused, high-quality conversations. Seed2Table brought together 100+ active investors including VC funds, angel groups, family offices, institutional partners and policymakers shaping the next era of digital assets. Presented by @KPMG US and @Delta Air Lines, and in partnership with Capital Circle Ventures, the room was carefully curated and it showed. A sincere thank you to Andrea Stevenson Conner for coordinating a strong inaugural event. The format was intentional: • Curated 5-minute presentations from high-impact Seed and Series A startups • A focused expert panel • Private dining designed for real deal conversations • Structured introductions aligned by sector and geography For @wes_crypto_, one highlight of the evening was hearing about Reality Network and the momentum Wyatt Meldman-Floch and team are building. Beyond the stage, the side conversations mattered just as much. From digital asset infrastructure to the disruption of traditional betting markets and the intersection of blockchain and broader capital markets, it was a reminder that this space is maturing. Product, compliance, and institutional readiness are no longer theoretical topics. They are commercial priorities. These are the rooms where conviction forms before capital moves. #Blockchain #CryptoInvesting #DigitalAssets #VentureCapital #SeedStage

Smart contracts don’t prove your stablecoin is backed. They only prove the on-chain mechanics… There’s a dangerous assumption in crypto: “If it’s on-chain, it’s transparent.” Not quite. Smart contracts give us powerful visibility. We can see: 💡 Total token supply 💡 On-chain mint and burn activity 💡 Wallet balances 💡 Controlling addresses and proxies That’s meaningful. But here’s what they don’t show: 💡 Whether reserves backing the stablecoin actually exist 💡 Whether the issuer legally owns those reserves 💡 Whether assets match circulating supply 💡 Whether reserves are liquid 💡 Whether assets are held with qualified custodians Smart contracts govern the token side of the equation, but don’t verify the real-world assets backing them. That’s where Proof of Reserves begins. A Proof of Reserves attestation, performed by a CPA firm, evaluates the off-chain reality: 💡 Existence of reserves 💡 Legal ownership 💡 Reconciliation of supply vs assets 💡 Custodian details 💡 Redemption mechanics 💡 Supporting asset data such as CUSIPs and maturities On-chain transparency + off-chain assurance = real trust. You need both. At The Network Firm, we work with stablecoin issuers, RWA issuers, exchanges, and more to provide transparency via Proof of Reserves. thenetworkfirm.com/blog/where-sma… #Stablecoins #ProofOfReserves #DigitalAssets #CryptoAudit #OnChainTransparency

The Network Firm didn’t “go remote” because of Covid. We were built as a remote-first firm from Day 1. Why? Because The Network Firm mirrors the digital asset industry we serve. - Digital Assets are borderless and so are we, serving clients globally. - Digital Asset are… digital, not bound by a physical presence - Digital Assets are real-time just like the availability of our team and the solutions that we offer Being remote-first has massive advantages, especially when hiring talent. - We hire for excellence, not geography. - We hire for output, not hours. - We hire individuals with high agency, who have the personal responsibility to succeed in a remore work environment. Some firms force teams back because they don’t trust them. We do the opposite. We hire high-agency professionals who care about their craft. People who don’t need supervision to perform. And yes, we’re selective. Not everyone thrives remotely. That’s fine. But those who do? They build faster, have more time not wasted on a commute, and operate globally by default. Remote-first isn’t a perk. It’s infrastructure for a borderless industry. #RemoteWork #DigitalAssets #Leadership #FutureOfWork #Hiring

The missing piece in stablecoin adoption? Institutional-grade trust. During SmartCon 2025, Clayton Lowery represented The Network Firm on a panel with leaders from @Dune , Polygon Labs, @LineaBuild and @protocol_fx. While the discussion covered interoperability, payments, and global inclusion, one theme kept rising to the surface: Stablecoin adoption can accelerate when trustworthy mechanics are built into the system. Here are the core takeaways: 🏛 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝘄𝗮𝗻𝘁 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 - 𝗯𝘂𝘁 𝗼𝗻𝗹𝘆 𝘄𝗶𝘁𝗵 𝗽𝗿𝗼𝗽𝗲𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹𝘀 Banks and payment networks are exploring stablecoins for real use cases, from real-time settlement to international payouts. But they cannot operate in environments where accidental mints, oracle failures or opaque reserves can trigger catastrophic losses. 🔐 𝗦𝗲𝗰𝘂𝗿𝗲 𝗺𝗶𝗻𝘁𝗶𝗻𝗴 𝗶𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗳𝗼𝘂𝗻𝗱𝗮𝘁𝗶𝗼𝗻𝗮𝗹 Clayton explained how we work with issuers and Chainlink infrastructure to embed reserve limits directly into smart contracts. That means: No minting beyond independently validated reserves No accidental supply inflation No reliance on manual processes This is a fundamental shift: operational controls → cryptographic controls. 📊 𝗙𝗿𝗼𝗺 𝗾𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝘁𝗼 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝘁𝗿𝘂𝘀𝘁 Dune highlighted how on chain data has changed expectations around transparency. Likewise, The Network Firm’s work in real-time attestation shows that institutions will soon expect 24/7 verifiable backing, not periodic monthly or quarterly reporting. 🌍 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀 𝗮𝗿𝗲 𝗴𝗹𝗼𝗯𝗮𝗹. 𝗧𝗵𝗲𝗶𝗿 𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗺𝘂𝘀𝘁 𝗯𝗲 𝘁𝗼𝗼. Whether it’s “decentralized” models or fiat-backed issuers operating across multiple blockchains, the requirement is the same: Prove the Reserves and prove the proper collateralization. Stablecoins are evolving into settlement infrastructure. The assurance layer needs to evolve with them. That is the role we are committed to playing. #SmartCon2025 #Stablecoins #OnchainTrust #ProofOfReserves #TheNetworkFirm #BlockchainAccounting #TokenizedPayments

𝗪𝗲 𝗯𝘂𝗶𝗹𝘁 𝗮 𝗰𝗿𝘆𝗽𝘁𝗼 𝗮𝘂𝗱𝗶𝘁 𝗳𝗶𝗿𝗺 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 ~𝟱𝟬% 𝗮 𝘆𝗲𝗮𝗿 The Network Firm started in 2023 when our previous firm halted serving the digital assets industry. The founding team of 12 was presented with two options: Go back to “normal” audit work for standard SaaS, Manufacturing, or Biotech companies OR Pursue our passion for digital assets As you could of guessed it, we chose the second path. Since then we have been growing roughly 50% year on year. How how we been able to grow? 1️⃣ Serve a Specific, but Growing Niche We only service digital asset companies. This enables us to build industry-specified expertise in a high-growth area. As blockchains proliferate the financial system, so do the need for our services. 2️⃣ Stream Marketing & Operations One idea → one recording → many assets. Start with an outline related to a relevant topic in our niche Record a YouTube video Use the transcript to create a blog Cut the video into short clips for social Turn the core ideas into LinkedIn posts and SEO-optimized content This takes work, but it has: Quadrupled our website impressions in the last year Raised our SEO authority for “crypto audit” style searches Brought in high-intent, right-fit leads 3️⃣ Using AI where it actually helps We use AI to: Streamline client onboarding Build client-specific internal tools leveraged during engagements Create contract, legal, and workpaper templates AI hasn’t replaced our expertise, it’s enabled us to spend more time on the hard problems. Listen to our co-founder, Jeremy Nau, CPA’s interview on growing the firm here: youtube.com/watch?v=43ntCt… #cryptoaccounting #audit #businessgrowth #networkfirm

@wes_crypto_ will be attending Seed2Table: Tech (Blockchain & Crypto) on the 24th of February. An elevated investor gathering designed to bring together capital, conviction, and meaningful conversations around the future of blockchain and cryptocurrency. Presented by @KPMG and @Delta, and in partnership with Capital Circle Ventures, Seed2Table convenes 100+ active investors including VC funds, angel groups, family offices, HNWIs, institutional partners, and policymakers shaping the next era of digital assets. The format is intentional. - Curated 5-minute presentations from high-impact Seed and Series A blockchain startups. - An expert panel discussion. - Private dining designed to foster real deal conversations. - Structured introductions aligned by sector, geography, and values. These are the rooms where clarity is built. Where relationships are formed before capital moves. Where long-term conviction begins. If you’re attending and would like to connect with @wes_crypto_ , reach out. We look forward to thoughtful conversations around responsible growth, infrastructure, and the institutionalisation of digital assets. #Blockchain #CryptoInvesting #DigitalAssets #VentureCapital #SeedStage

𝗖𝗼𝗺𝗺𝗼𝗻 𝗽𝗶𝘁𝗳𝗮𝗹𝗹𝘀 𝘄𝗲 𝘀𝗲𝗲 𝗶𝗻 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗔𝘁𝘁𝗲𝘀𝘁𝗮𝘁𝗶𝗼𝗻𝘀 Proof of Reserves has become table stakes for stablecoin issuers. But in practice, these engagements are far more complex than they appear. Across stablecoin assurance work, the same issues show up again and again 👇 1️⃣ 𝗨𝗻𝗱𝗶𝘀𝗰𝗹𝗼𝘀𝗲𝗱 𝗻𝗼𝗻-𝗰𝗶𝗿𝗰𝘂𝗹𝗮𝘁𝗶𝗻𝗴 𝘁𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝘄𝗮𝗹𝗹𝗲𝘁𝘀 Issuer-controlled wallets holding non-circulating tokens must be clearly identified and excluded from reserve-backed supply. Miss this, and circulating supply gets overstated. 2️⃣ 𝗧𝗶𝗺𝗶𝗻𝗴 𝗺𝗶𝘀𝗺𝗮𝘁𝗰𝗵𝗲𝘀 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝘁𝗼𝗸𝗲𝗻𝘀 𝗮𝗻𝗱 𝗰𝗮𝘀𝗵 Minting before fiat settles. Redemptions before cash is sent. Chain delays. Without tight tracking, reconciliations quickly break down. 3️⃣ 𝗠𝗮𝗻𝘂𝗮𝗹 𝗼𝗿 𝗶𝗻𝗳𝗿𝗲𝗾𝘂𝗲𝗻𝘁 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻𝘀 Reactive, spreadsheet-driven processes don’t scale. Gaps between on-chain data, bank balances, and custodial records can go unnoticed until audit time. 4️⃣ 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝘃𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻𝘁𝗼 𝗿𝗲𝘀𝗲𝗿𝘃𝗲 𝗰𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻 Cash, treasuries, repos, tokenized assets - reserves aren’t all equal. Liquidity, valuation, custody risk, and regulatory alignment matter. 5️⃣ 𝗠𝘂𝗹𝘁𝗶-𝗰𝗵𝗮𝗶𝗻 𝗯𝗹𝗶𝗻𝗱 𝘀𝗽𝗼𝘁𝘀 Stablecoins deployed across multiple blockchains introduce complexity around supply, burns, and finality. A single, unified view is essential. 𝗣𝗿𝗼𝗼𝗳 𝗼𝗳 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗶𝘀𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗮 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗴𝗶𝗺𝗺𝗶𝗰𝗸. It’s about demonstrating operational maturity and institutional-grade transparency - for users, counterparties, and regulators. Strong wallet structures, disciplined reconciliation, and clear documentation don’t just make attestations smoother. They build trust into the system. At The Network Firm, we help stablecoin issuers design audit-ready operations that stand up to scrutiny and scale with the industry. Read the full blog post here: thenetworkfirm.com/blog/common-pi… #Stablecoins #ProofOfReserves #CryptoAudits #DigitalAssets #Transparency

Stablecoin transparency isn’t just about reserves, it’s also about disclosing the mechanics of how a stablecoin operates. 🔍One area that still causes confusion across stablecoin attestations: non-circulating treasury wallets. Here’s what matters: 1. What they are Issuer-controlled wallets holding tokens outside public circulation These balances appear in total supply on chain, but should not be counted as reserve-backed tokens. 2. Why issuers use them ⛓️ Safer minting before public distribution 🔥 Controlling redemptions before burning 💸 Lower on-chain fees vs repeated mint/burn cycles for every mint and burn 3. Where problems arise Without disclosure, treasury wallets can distort circulating supply figures That’s a transparency risk for users, regulators, and auditors 4. Why auditors care For Proof of Reserves and attestations, the formula is simple: Total on-chain supply – non-circulating balances = true circulating supply Anything else muddies the picture The takeaway: Treasury wallets aren’t inherently good or bad. But without clear documentation and reporting, they become a trust liability. At The Network Firm, we help stablecoin issuers design, document, and audit these structures so transparency holds up under scrutiny. Team shout-out 👏 Big congrats to Jericho Sarmiento for authoring the full deep dive behind this post. At TNF, our team has impact from day one. That includes being public-facing and sharing real insights from live client work. Jericho drew directly from his experience on stablecoin engagements to turn complex mechanics into something the industry can actually learn from. That’s how we build trust. And that’s how good infrastructure gets built. 🔗 Read the full blog post here: thenetworkfirm.com/blog/non-circu… #Stablecoins #ProofOfReserves #CryptoAudits #DigitalAssets #Transparency

📊 𝗪𝗲’𝗿𝗲 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮 𝗦𝗲𝗻𝗶𝗼𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗻𝘁 thenetworkfirm.com/senior-account… The Network Firm is looking for a Senior Accountant with strong full-cycle accounting experience who wants more responsibility, visibility, and room to grow. What’s in it for you? 1. Equity Stake on Day 1: At TNF, you’re more than an employee, you’re an owner. Every team member, at every level, receives stock options in the Company. Upside for everyone, not just for the partners. 2. 100% Remote: We are fully-remote company. A decentralized team for a decentralized industry. 3. Merge Passion & Profession: At TNF, you combine your personal passion for crypto with your accounting experience. When you love what you do, work doesn’t feel like work. What you’ll do • Own month-end close and reconciliations • Prepare and review financial statements • Support crypto subledger management and reporting • Work closely with internal teams and clients • Mentor junior accountants and improve processes What we’re looking for • 2.5+ years of full-cycle accounting experience • Strong attention to detail and analytical thinking • Clear communication in a remote environment • Comfort operating in a fast-moving industry 📎 Apply here: thenetworkfirm.com/senior-account… #SeniorAccountant #AccountingJobs #CryptoCareers #RemoteWork #FinanceJobs

🧠 𝗪𝗲’𝗿𝗲 𝗵𝗶𝗿𝗶𝗻𝗴 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗠𝗮𝗻𝗮𝗴𝗲𝗿! thenetworkfirm.com/accounting-man… The Network Firm is looking for an experienced Accounting Manager to lead crypto and digital asset engagements across a diverse client base. This role is for someone who wants to work with an industry-leading team to deliver to high-profile crypto clients. What’s in it for you? 𝟭. 𝗘𝗾𝘂𝗶𝘁𝘆 𝗦𝘁𝗮𝗸𝗲 𝗼𝗻 𝗗𝗮𝘆 𝟭: At TNF, you’re more than an employee, you’re an owner. Every team member, at every level, receives stock options in the Company. Upside for everyone, not just for the partners. 𝟮. 𝟭𝟬𝟬% 𝗥𝗲𝗺𝗼𝘁𝗲: We are fully-remote company. A decentralized team for a decentralized industry. 𝟯. 𝗠𝗲𝗿𝗴𝗲 𝗣𝗮𝘀𝘀𝗶𝗼𝗻 & 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻: At TNF, you combine your personal passion for crypto with your accounting experience. When you love what you do, work doesn’t feel like work. What you’ll do • Direct and oversee the accounting team in managing and maintaining accurate records for crypto and digital asset transactions. • Examine and approve financial statements, reports, and presentations for internal and external stakeholders. • Analyze financial data to identify trends, anomalies, and opportunities for process improvement and operational efficiency. • Mentor and develop accounting staff, fostering a culture of continuous improvement and professional growth. What we’re looking for • 5+ years in outsourced accounting: Strong understanding of Quickbooks, Xero, and ERP systems generally • 3+ years focused on crypto and digital assets • Prior management or team leadership experience • Strong technical accounting and regulatory understanding 📎 Apply here: thenetworkfirm.com/accounting-man… #AccountingManager #CryptoJobs #Web3Careers #DigitalAssets #RemoteAccounting