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…

How a trade can go from bad to worse – tax implications of making cryptocurrency trades

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…

2021 End of Financial Year Cryptocurrency Tax Checklist

The end of the financial year is 31 March 2021. This article outlines suggested actions for end of year record keeping and accounting. We recommend you action this today! It will save you time, costs, and unnecessary complexities. The financial…

Tax Overview: Contractor Getting Paid in Cryptocurrency

More contractors are being paid in cryptocurrency. This occurs when a contractor performs services and receives cryptocurrency as payment (instead of NZ dollars). The amount of remuneration (cryptocurrency received for services) will depend on the contracting agreement. It could be…

How much tax do I pay on my cryptocurrency profits?

Marginal Tax Rates An individual combines their cryptocurrency profits for the financial year (1 April to 31 March) and reports a single profit/loss amount to Inland Revenue (IRD) in their income tax return. The crypto profit is combined with their…

Planning for Tax – Decisions to Consider

Cryptocurrency prices have increased significantly in 2020 and many clients have made money from their investments. Tax liabilities for the financial year ending 31 March 2021 are likely to follow; prepare now. Some clients will keep their profits invested in…