Chartered Accountants and Cryptocurrency Specalists
The 2022 financial year has had wild price fluctuations. We all experienced record price highs before Christmas, and then a significant pullback in prices in early 2022. No doubt, some taxpayers have traded at the top of the market, triggering…
Read More Claiming Cryptocurrency Tax Losses to 31 March 2022
Most cryptocurrency clients made a profit in the 2021 financial year and will have 2021 terminal tax to pay on 7 April 2022. If the tax amount is more than $5,000, they will also have 2022 provisional tax to pay…
Last week there was hype about an American cryptocurrency tax case. “IRS will not tax unsold staked crypto as income” was the headline of the article. Unfortunately, we cannot make an conclusion this case, and we recommend the status quo…
We’ve recently experienced a 50 - 60% decrease in cryptocurrency prices and woke up to several very concerned taxpayers on Monday morning. This article's purpose is not to create fear, but rather to make you prepare for any tax, think…
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…
Read More Benefits of Frequent Financial Reporting for your Cryptocurrency Activity
Last week, Tim featured on the #whatsnext podcast discussing cryptocurrency taxes. Luke (the host) and Tim completed their Chartered Accountant certificate of public practice together back in 2016. Ep 136 - Crypto & taxes (not boring) with Tim Doyle CA…
This is an exciting opportunity to join our team! Evans Doyle (ED) has been helping cryptocurrency investors meet their tax obligations since 2017. We are NZ’s leading cryptocurrency tax experts, and are at a very exciting stage of growth, consistently…
We have recently updated this article in November 2022. Please view the most up to date article here. Cryptocurrency collateral finance loans are becoming increasingly popular. They allow an individual to maintain price exposure to token price fluctuations while providing…
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…
Read More Cryptocurrency Tax Webinar – Questions and Answers
IRD first mentioned in 2017 that GST legislation has been in progress to remove GST from cryptocurrency. The Australia Tax Office (ATO) updated their legislation in 2017, and by the meetings and discussions we had with IRD, it sounded like…
