Cryptocurrency Tax Webinars – March 2021

Purchase a copy of the foundation recording here (note: you will pay via PayPal and receive a copy of the recording – do not refresh your browser)

Purchase a copy of the advance recording here (note: you will pay via PayPal and receive a copy of the recording – do not refresh your browser)

Understanding cryptocurrency tax can be complicated.

Each trade is a taxable event. The profits from one trade are immediately reinvested into the purchase of another token.

Calculating how much tax you to pay, knowing when your tax payments are due, maximizing upside and minimizing risk are fundamental to your success.

We have been working with cryptocurrency taxpayers since 2017 and can help you.

We are hosting two cryptocurrency tax webinars in March 2021. These webinars are designed for both new and existing clients and will help you understand cryptocurrency tax. We want to prepare you for end of this financial year and ensure your success for the new financial year.

Register here for Cryptocurrency Tax Foundation (Thursday 18 March 2021 at 7pm) and here for Cryptocurrency Tax Advance (Thursday 25 March 2021 at 7pm).

Both webinars are scheduled for an hour and include a 30-minute presentation and 30 minutes for questions and answers. The price is $25 USD per webinar (Zoom does not accept $NZD or cryptocurrency as payment but there is an option to pay with $NZD on the payment provider).

Cryptocurrency Tax Foundation – Thursday 18 March 2021 at 7pm

Who this webinar is for:

This webinar is designed for individuals involved in cryptocurrency who would like to understand more about cryptocurrency tax and their tax obligations.

The topics covered are important and will build a foundation of knowledge. If you would like to know more about any of the topics listed below, this webinar will be valuable to you. There will be many practical examples to ensure understanding.

Overview:

  1. How cryptocurrency is taxed
  2. How your cryptocurrency profit is calculated
  3. Why each trade between tokens is a taxable event (and not just cashing out to fiat)
  4. The difference between profit and cash
  5. Preparing and filing your income tax return
  6. How to calculate how much tax you pay (and your rate of tax)
  7. When your tax is due for payment
  8. When provisional tax applies
  9. How to manage your tax payments
  10. Lessons from being a cryptocurrency accountant for the past four years (a peak behind the scenes of hundreds of crypto tax returns)
  11. Questions and answers

Purchase a copy of the recording here (note: you will pay via PayPal and receive a copy of the recording – do not refresh your browser)

Cryptocurrency Tax Advance – Thursday 25th March 2021 at 7pm

Who this webinar is for:

This webinar is designed for cryptocurrency investors and traders who have more complex cryptocurrency transactions, a higher valued portfolio (<$100k NZD), have more than $60k of tax to pay, or have multiple activities within their portfolio.

This webinar will cover both cryptocurrency tax activities and subsequent tax implications with a higher level of complexity.

This webinar will build on the tax foundations from the first session and an initial understanding of cryptocurrency taxes, income tax and provisional tax is recommended.

Overview:

  1. Lessons from being a cryptocurrency accountant for the past four years (a peak behind the scenes of hundreds of crypto tax returns)
  2. The best strategies you can implement to save tax
  3. Differences between a cryptocurrency trader and a cryptocurrency investor and why it is important to distinguish between them
  4. Purchasing cryptocurrency with an intention to earn an income stream – the differences between capital and revenue and recommendations.
  5. De-Fi loans and their tax position
  6. When IRD use of money interest applies
  7. Managing tax payments: especially 2021 terminal tax payments and 2022 provisional tax payments (based on significant profits from the 2021 financial year + 5%)
  8. IRD activity in the crypto space
  9. Questions and answers

Purchase a copy of the recording here (note: you will pay via PayPal and receive a copy of the recording – do not refresh your browser)

Contact Us

Contact Tim Doyle for a no obligation call or meeting to discuss any cryptocurrency tax or accounting questions. Our office is in Cambridge, Waikato, or we can arrange a video conference call.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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