All eligible crypto trading platforms like Coinbase and Shakepay are required to show the CRA all their transactional reports, which means you will need to be honest about yours as well.
Whether you’re an active cryptocurrency trader, or you use cryptocurrency to purchase goods & services, or you exchange crypto for fiat, you are liable for paying taxes.
Trying to navigate the complex world of tax
Understanding capital gains tax around trading
Record-keeping your daily profits and losses
Poorly tracked cash flow management
We’re active in the crypto industry, and so we understand the implications around crypto tax, capital gains, and managing your transactions to keep your books organized.
Meeting tax regulatory and compliance
Our cryptocurrency tax consulting and advisory
Crypto and NFT tax accounting preparation
Managing your capital gains taxes
There are many tax accounting firms to choose from, below you will see how we stack up against them.
We understand the world of crypto, NFTs, block chain and mining, as we are active in the world of crypto as well. This is what makes us a great partner.
We’ll develop a personalized tax strategy for you
We’ll integrate with your trading platforms
Strategic financial and market advisory
Most accountants don’t understand the complex world of crypto which makes it hard to provide good quality tax accounting service.
Inexperienced with the world of day trading
Lack of understanding with tech integrations
Lack of experience with day trading tax rules
Step 1 – Free Consultation: We first begin understanding your current situation with record-keeping and tax.
Step 2 – Software Setup: Integrate your trading platform with your accounting software to track all transactions.
Step 3 – Tax Strategy: We’ll explain how we can help minimize your taxes and capital gains taxes.
– Danny Khanna, Managing Partner
Our team possess the skills, knowledge and experience needed to help you manage your cryptocurrencies.
Managing Partner
Your main point of contact for all things crypto tax accounting.
Senior Accountant
Your dedicated accountant who will deliver on our services.
We have been operating for 6+ years helping a wide variety of clients.
Because accounting is a service which is fully customized based on your needs, we suggest you schedule a demo with us to get a final price.
Currently we support QuickBooks, Xero, FreshBooks, and Wave. If you have another accounting software outside of these providers, reach out to us and lets see if we can help.
Depending on whether we’re able to support your current accounting software it can take 1-2 days. However if you’re using a software that we’ll need to migrate its data too, this may take 5-7 days.
– Dilan Ropero, Senior Accountant