Chartered Accountants and Cryptocurrency Specalists
Welcome. We are Chartered Accountants who specialise in cryptocurrency taxation. We have a range of services available for investors, traders, miners and businesses involved with cryptocurrency.
Contact us today to discuss your situation and how we can help: 07 823 4980 or email us.
While we cannot forecast cryptocurrency prices, we can monitor your portfolio value and activity against current market prices and calculate your tax liability.
This provides you with certainty of any upcoming tax payment amounts and their due dates. It ensures you are aware of risks should Inland Revenue late payment penalties (LPP) or use of money interest (UOMI) apply.
We analyse your exchange and wallet records, prepare your financial statements, calculate your taxable income and file your tax return with Inland Revenue.
This process includes calculating your tax liability (or tax refund), monitoring any tax payments (including provisional tax payments) and managing all correspondence with Inland Revenue for you.
We review your cryptocurrency activity and provide tax advice based on your specific situations.
Are you in business? Are you a trader or investor? Are you staking? Arriving or leaving NZ with Cryptocurrency?
We strongly recommend that all clients complete a cryptocurrency stock take on 31 March 2024. This will ensure that you do not pay more tax than necessary. It also ensures the integrity of the financial statements and cryptocurrency calculations to…
Read More Importance of a Cryptocurrency Stock Take on 31 March 2024
We’d like to start preparing your 2024 financial statements and tax return and need information from you. To accurately calculate your taxes, we need to have details of every single transaction involving buying, selling, swapping, earning/staking, gifting, airdrops, ICOs and…
Read More 2024 Cryptocurrency Financial Statements & Tax Returns: Information Required
The surge in the popularity of Bitcoin ETFs has many New Zealanders wondering about the tax implications. Here’s a simplified guide to help you understand how a Bitcoin ETF or other Foreign Investment Funds (FIFs) are taxed in New Zealand.…
Read More Tax Implications of Bitcoin ETFs and Other Foreign Investments in New Zealand
The IRD has made it clear that losses suffered from exchange platforms going under are only deductible if bankruptcy proceedings have been finalized. Please see our article here for more information. A recent development in the Celsius bankruptcy has resulted…
Read More Recovering Crypto in Bankruptcy: Tax Implications You Need to Know
The Finance and Expenditure Committee of New Zealand has prepared a report from their cryptocurrency enquiry. It focuses on recommending and advising the government to prepare for regulatory policies and find a legal stance on cryptocurrencies. There was a recommendation regarding the…
We are often asked, what expenses can I claim for my cryptocurrency activity? The answer will depend on whether you are classified as an investor or a trader of cryptocurrency. Profit from both investor’s and traders’ sales of cryptocurrency is…
Tim accurately and confidently calculated my taxes owed on cryptocurrency sales and handled all correspondence with the IRD. His methodology was accurate, sensible, straightforward, and best of all, saved me some money! Many investors panic when it comes to dealing with cryptocurrency and tax, but Tim always reassured me that everything would be OK. He’s always available for professional advice; his guidance and experience in the New Zealand cryptocurrency space is invaluable to any person who needs it. You’re in good hands with Tim – he knows his stuff!
Elliot Sawyer, Wellington
We had found Tim invaluable in helping our business navigate the complexities of cryptocurrency taxation. Tim is always readily available, with practical help and advice, and has also been proactive in making sure that we fully understand our tax obligations. Tim is always at the forefront of potential changes in tax regulation and impacts on cryptocurrency, so we know that we’re in good hands – whatever changes may come
Janine Grainger – Founder, Easy Crypto
