Press release
Russell Bedford firm SMP Partners makes digital currency history
SMP Partners, a member firm of Russell Bedford International, has made history by becoming the first corporate service provider in the Isle of Man to accept Bitcoin payment from its clients.The decision to allow invoices to be settled with Bitcoin is part of the firm’s commitment to embrace digital currency. SMP Partners already has an established Digital Currency team, led by Andrew Corris, and is engaged with a number of exchanges, funds and other Bitcoin-related enterprises exploring opportunities to establish in the Isle of Man.
As one of the Island’s largest corporate service providers, and leading provider of services to the e-commerce and e-gaming sectors, SMP Partners has been at the forefront of developing virtual currency opportunities for its clients. Representatives were present at this year’s BitFin Conference in Dublin and Coin Summit in London. This week SMP Partners will attend the Crypto Valley Summit on the Isle of Man and two directors of the group’s Accounting and Tax practice will host one of the Expert Tables to discuss the VAT and tax implications of establishing an operation on the Island.
Allowing invoices to be settled using Bitcoin, with Island-based CoinCorner.com providing merchant services to SMP, is the latest commitment by the firm to the digital currency revolution.
Group director David Hudson said: ‘Digital currency is becoming more commonplace around the world, and provides excellent opportunities for the Isle of Man. The addition of digital currency experience and expertise to our group has allowed us to broaden the range of services we offer existing clients, as well as ensuring we are able to deliver an all-encompassing service to emerging market leaders in the sector.
‘We have been actively engaged in this sector for some time now, assisting our clients to adopt digital currency payment, especially our extensive portfolio of e-commerce and e-gaming clients as there is a clear synergy with those industries. The appointment of Andrew Corris as Senior Administrator for Digital Currency Development underlined our commitment to developing this sector and has led to advanced engagement with a number of digital currency exchanges, funds and miners looking to establish operations and profile in the Isle of Man.’
Andrew joined SMP Partners from Barclays earlier this year, having previously been Assistant Vice-President with Barclays Wealth Intermediaries.
Mr Corris added: ‘We have been developing the opportunities offered by digital currency for some time, ensuring leaders in the sector were aware of our ability to deliver complete bespoke solutions, encompassing tax and structuring, VAT consultancy, company formation, compliance and corporate solutions and accountancy. We have also ensured our clients had the expert advice they needed to engage in the digital currency sector, expertise which has been developed, for example, by working with Bitcoin exchanges across four continents.
‘We welcome the Isle of Man Government’s recent commitment to digital currency and seeing the Island explore even further the business opportunities that exist.
‘Committing to accepting payment through Bitcoin, supported by the services of CoinCorner.com, is, for SMP Partners, a signal to the industry that we are fully engaged in this sector.’
CoinCorner.com CEO Charlie Woolnough, who is also chair of the Manx Digital Currency Association, said: ‘It is no surprise that an industry-leading firm like SMP has decided to start accepting Bitcoin and CoinCorner.com is proud to help facilitate this process. For the moment it may seem cutting edge, but in time the world will come to see Bitcoin as simply an efficient method of payment.
‘On an Island where innovation plays such a key role in our global positioning, the early adoption of such pivotal technological advancements is crucial. CoinCorner.com looks forward to helping SMP and its clients further exploit the benefits of crypto-currency.’
About Russell Bedford International
Established in 1983, Russell Bedford International is a global network of independent firms of accountants, auditors, tax advisers and business consultants. Ranked amongst the world’s leading accounting and audit networks, Russell Bedford is represented by some 600 partners, 5000 staff and 290 offices in more than 100 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific. Russell Bedford International is a member of the IFAC Forum of Firms and a member of EGIAN, the European Group of International Accounting Networks and Associations.
Contacts:
Andrew Corris, Senior Administrator, Digital Currency Development, SMP Partners
T: +44 1624 683243
E: andrew.corris@smppartners.com
David Hudson, Business Development Director, SMP Partners
T: +44 1624 682241
E: david.hudson@smppartners.com
W: www.smppartners.com
Kempton Bedell-Harper, Russell Bedford International
T: +44 20 7410 0339
E: info@russellbedford.com
W: www.russellbedford.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Russell Bedford firm SMP Partners makes digital currency history here
News-ID: 295821 • Views: …
More Releases from Russell Bedford International
Russell Bedford accueille AM&A comme membre à Marseille
L’ajout de bureaux dans la région PACA donne un énorme coup de pouce à la présence française de Russell Bedford tout en consolidant davantage la région EMEA du réseau.
Russell Bedford International, le réseau mondial de cabinets de conseil, a annoncé la nomination d’Amirault Mallen & Associés (AM&A) en tant que cabinet membre à Marseille et dans la région Provence-Alpes-Côte d’Azur (PACA), en France. Le cabinet rejoint les membres existants du…
Russell Bedford appoints leading CPA firm in South Korea
Global professional services network, Russell Bedford International, has announced the appointment of Samhwa Accounting Corporation, leaving Moore Global to become Russell Bedford’s new member firm in South Korea.
Established in Seoul in 1997, Samhwa Accounting Corporation expanded via mergers with Cheil Accounting Corporation in 2012 and Daegwang Accounting Corporation in 2013. The firm is now one of the largest firms of accountants and auditors in South Korea.
Registered with the Financial…
Russell Bedford supports World Bank Doing Business for 11th consecutive year
Professional services network Russell Bedford International has, for the 11th consecutive year, assisted the World Bank in researching its annual Doing Business project, contributing data on tax regulation, recent reforms, and the real costs of tax compliance worldwide. The report, Doing Business 2020 (which can be downloaded HERE), which over 40 Russell Bedford firms contributed to, shows that governments worldwide are motivated to undertake business reforms with the goal of…
World Bank 2018 Doing Business report cites India as the world's most improved b …
Russell Bedford International member firm the Sharp & Tannan Group has again assisted the World Bank in researching its annual Doing Business project. This year’s report, Doing Business 2018: Reforming to Create Jobs, reveals India to be this year’s best performer, up 30 places in the overall Ease of Doing Business rankings (reaching the top 100 for the first time) and up 53 places in the report’s Paying Taxes survey.
Published…
More Releases for SMP
Global Plastic Bumpers Market 2018 - Magna, SMP, Tong Yang
Apex Market Reports, recently published a detailed market research study focused on the “Plastic Bumpers Market” across the global, regional and country level. The report provides 360° analysis of “Plastic Bumpers Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Plastic Bumpers on…
Global Skim Milk Powder (SMP) Market Research Report 2016
This report studies SMP in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Danone
Nestle
FrieslandCampina
Arla
Vreugdenhil Dairy
Alpen Dairies
California Dairies
DFA
Lactalis
Land OLakes
Fonterra
Westland
Tatura
Burra Foods
MG
Ausino
Yili
Mengniu
Feihe
Wondersun
To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=904085&type=E
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate…
Trailer Connector Kit Market 2017 - Acdelco, Curt Mfg, Motorcraft, SMP
A market study based on the "Trailer Connector Kit Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Trailer Connector Kit Market 2017’. The research report analyses the historical as well as present performance of the worldwide Trailer Connector Kit industry, and makes predictions on the future status of Trailer Connector Kit market on the basis of this analysis.
Get Free Sample Copy of Report…
Trailer Brake Market 2017 - Acdelco, Curt Mfg, Motorcraft, SMP
A market study based on the "Trailer Brake Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Trailer Brake Market 2017’. The research report analyses the historical as well as present performance of the worldwide Trailer Brake industry, and makes predictions on the future status of Trailer Brake market on the basis of this analysis.
Get Free Sample Copy of Report Here : https://goo.gl/b00vbT
Top Manufacturers…
Russell Bedford member firm launches SMP eGaming
Russell Bedford member firm SMP Partners, Isle of Man, has announced the launch of SMP eGaming, a specialist consultancy practice.
After six years as a major player in the industry, and a dominant force behind the growth of the Isle of Man's gaming sector, the SMP Group has decided the time is right to create a dedicated eGaming consulting company.
SMP eGaming provides objective and unbiased advisory services, multi-jurisdictional licensing, regulatory compliance…
SMP Accounting & Tax appoints Rachael Hooper as Tax Manager
Russell Bedford member SMP Accounting & Tax Limited, one of the Isle of Man’s largest accounting and tax firms, has appointed Rachael Hooper as a manager in its Tax Department.
Rachael will be working in all areas of UK, Isle of Man and International taxation, with a particular focus on UK resident non-UK domiciled individuals, Trusts and Inheritance Tax.
After qualifying as a Chartered Accountant with a Big Four accountancy firm, Rachael…
