CPA providing Tax & Accounting services for Individuals, SMB’s, BTC Traders & Miners, professional services, etc.
New York
Joined December 2021
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I just read about a model valuing SpaceX, describing it as a high-risk, high-reward bet centered on orbital data centers. A base case puts the company at about $322 per share by 2040—roughly double the recent close near $156—while the low case approaches zero and the high case reaches over $1,300. Most of the upside depends on Starship driving down launch costs enough to support nearly 300 GW of computing capacity in orbit; the rest of the business looks solid but is not the main driver of the valuation range.
The model also highlights near-term challenges, with free cash flow projected to stay deeply negative through 2027 and roughly $62 billion in new funding needed by late 2028. Across 20,000 Monte Carlo simulations, the median outcome was about $228 per share, with a 59% chance of beating the current price, though 18% of trials showed negative equity value. Orbital hardware cost per watt was by far the largest sensitivity, swinging the result by hundreds of dollars per share, underscoring that success hinges on Starship and the SpaceX team delivering on ambitious plans. These are estimates, not investment advice.
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The 2025 filing season sunsets Thursday, October 15. Two days left.
Best of luck to all of those who are filing in the next 48 hours!
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Hot take: when AI puts a fabricated citation in a client deliverable, the failure is the review, not the tool. Deloitte Australia agreed to repay the final instalment of a contract worth nearly A$440,000 after a report contained fabricated references. People sign the work.
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Seven things I would never paste into an AI chatbot as a CPA: a full client return, a client's name with their numbers, exchange statements, API keys or seed phrases, payroll data, engagement letters, and unreviewed AI output. Each has a safer alternative. Swipe through.
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Six published results on AI in accounting, each with a source: 5–6 hours saved per audit, 3 hours to 15 minutes per client report. Nearly all are vendor- or self-reported, so treat them as hypotheses, not guarantees. Slides below.
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CryptoAccountant retweeted
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She doesn’t have to have it necessarily. I actually represented a client on this in February 26’. We won the case by showing the clients contemporaneous log of weekly hours of their management of their real estate portfolio. Keep a good log and you can win too. It also helps if one spouse doesn’t work b/c they’ll the dubbed to real estate professional. Ask me anything if you have questions!
Tell your wife to get her real estate license especially if she’s a stay-at-home mom.
It’s not about selling houses.
It’s about shredding your tax bill:
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What’s everyone talking about !
The short version: the CLARITY Act does very little to bitcoin’s income tax classification, and essentially nothing to how business miners are taxed.
Classification for income tax. The Act sorts digital assets into regulatory buckets and explicitly classifies Bitcoin and Ethereum as “digital commodities” under CFTC jurisdiction. But that’s a regulatory label, not a tax one. For federal income tax, bitcoin remains property under Notice 2014-21 capital gain/loss on disposition, no change to that framework. The IRS treats Bitcoin as property, capital gains apply on every sale or exchange, and the CLARITY Act does not alter tax treatment.
Business miners. The CLARITY Act does not change the tax treatment of mining income. A trade-or-business miner is still looking at ordinary income at FMV on receipt of the reward (Notice 2014-21), self-employment tax on that income, deductible ordinary-and-necessary expenses (power, hosting, repairs) and depreciation on rigs, with basis in the coins equal to FMV at receipt and capital gain/loss on later disposition. Relabeling bitcoin a “commodity” for CFTC purposes doesn’t touch the receipt-side ordinary income event or the SE tax exposure — that would take actual tax legislation.
The bill to actually watch for miners is the PARITY Act (Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act), introduced in the House May 19, 2026. Its draft would, among other things, offer a new election to defer mining and staking rewards for five years, with ordinary income treatment upon recognition. That’s the one that would move the needle on the receipt-timing problem your mining business should care about — but it’s still a draft with an uncertain path.
Follow along for future updates that impact you and your business!
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Offsides rule in soccer absolutely kills the excitement of the game. Portugal/Columbia game prime example. Absolutely pathetic rule in that scenario. You take away a goal that is so hard to put together. It’s wild how it exists.
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