If you are purchasing cryptocurrency as a speculative investment to make money, you likely accept that any profits are taxable income. Likewise, if you are in the business of dealing in cryptocurrency you likely accept that business profits are taxable…
Month: April 2021
Accountant – Intermediate/Senior with an interest in Cryptocurrency
Company: Evans Doyle Limited Location: Cambridge Type: Full time, This is an exciting opportunity to join NZ leading cryptocurrency accounting firm. We service cryptocurrency taxpayers involved in multiple activities from $50k to $50m invested. Rapid growth in the business brings…
Read More Accountant – Intermediate/Senior with an interest in Cryptocurrency
How a trade can go from bad to worse – tax implications of making cryptocurrency trades – Part 1 of 2
This article outlines how a loss-making crypto trade may result in a combined profit (and subsequent tax to pay). Yes, this may seem strange, almost unfair, and the entire cryptocurrency portfolio including historical cost basis needs to be considered. We…