Blog

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…

Benefits of Frequent Financial Reporting for your Cryptocurrency Activity

We’ve been preparing quarterly financial reports for several clients over the past 12 months and have found the reports and process extremely helpful.  The key benefits are: Addressing reconciliation issues during the year in small chunks rather than once at the end…

Cryptocurrency Tax – Collateral Finance Loans

Cryptocurrency collateral finance loans are becoming increasingly popular. They allow an individual to maintain price exposure to token price fluctuations while providing additional capital (the loan) to utilize (how they choose). An individual deposits cryptocurrency into a contract or an…

Cryptocurrency Tax Webinar – Questions and Answers

Due to being at full capacity for consulting calls (until January 2022), we are hosting a Cryptocurrency Tax Questions and Answers Webinar. The webinar will be on Tuesday 7th December at 7pm. Register here. A webinar recording will be available…

Foreign Tax Exemption – New Migrants and Returning New Zealanders

Are you moving to NZ with cryptocurrency? Do you want 4 years NZ tax exemption of foreign income after arriving in NZ? You may have a once in a lifetime opportunity to structure, plan, and utilize a temporary foreign tax…

Earning Staking Rewards – Cryptocurrency Tax Treatment

This article outlines the income tax treatment of cryptocurrency staking income. It includes examples of how cryptocurrency staking rewards are taxed as well as disposing of the underlining crypto. Staking cryptocurrency is becoming more popular with specific providers such as…