How to create APIs for your cryptocurrency exchanges

We have updated our internal cryptocurrency accounting systems so we can receive a read only API (application programming interface) from you. This will include all your exchange trading history and import directly into our accounting system. Previously we have requested…

NZ Government launched cryptocurrency inquiry to understand benefits and risks

An inquiry into the nature, impact and risk of cryptocurrencies has been announced by Parliament's Finance and Expenditure Committee. It will look into the nature and benefits of cryptocurrencies as well as the risks to both users and Aotearoa as…

Podcast: How cryptocurrency will be taxed with Tim Doyle

Cryptocurrency was once a concept linked to the dark web, apparently untraceable and outside the purview of governments. Obviously, the creators of cryptocurrency never counted on the tenacity of the taxman. We talk to leading cryptocurrency tax consultant Tim Doyle…

How Trading Cryptocurrency Affects Profitability – Part 2 of 2

This is part 2 of our series of articles 'how a trade can go from bad to worse'. We recommend reading part 1 which outlines this core concept, and this latest article builds on the foundational principle. All tokens of…

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 – 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…

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…