Chartered Accountants and Cryptocurrency Specalists
We’d like to start preparing your 2023 financial statements and tax return and need information from you. To accurately calculate your taxes, we need to have details of every single transaction involving buying, selling, swapping, earning/staking, gifting, airdrops, ICOs and margin/futures…
Read More 2023 Cryptocurrency Financial Statements & Tax Returns
Cryptocurrency trading can be like an emotional rollercoaster. When we present financial statements to clients, they are surprised to see their trading volume. It’s nearly always higher than they expected. They have transacted with cryptocurrency going back and forth, in…
Sometimes, people might buy cryptocurrency on behalf of another. A friend or family member may say, "Hey, here's $10,000. Can you get me some too?" At the time, it doesn't seem like a big deal. But come tax time, it…
Read More Hidden Complexities of Buying Cryptocurrency for Someone Else
The end of the financial year is 31 March 2022. This article outlines what information we need to prepare your financial statements. We recommend you action this today! It will save you time, costs, and unnecessary complexities. If you only do one…
Read More 2022 End of Financial Year Cryptocurrency Tax Checklist
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
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…
Read More 2021 End of Financial Year Cryptocurrency Tax Checklist
You need to keep records for your cryptocurrency activity. Having a system for keeping accurate tax records, and storing them in an organised way will make it more efficient to prepare financial statements, answer queries from IRD, provide information to…
