Reliable Crypto Tax Accountant
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.
Reliable Crypto Tax Accountant
Accounting challenges you might be facing with cryptocurrencies
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.
Avoid the challenges of:
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
How we will help you overcome your tax accounting challenges
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.
Take advantage of:
Meeting tax regulatory and compliance
Profit and loss analysis to understand performance
Tracking all your expenses and possible deductions
Maintaining financial records to prepare for audits
How we compare with other firms
There are many tax accounting firms to choose from, below you will see how we stack up against them.
Oakfront Accounting
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.
What we can offer you:
We’ll develop a personalized tax strategy for you
We’ll integrate with your trading platforms
Strategic financial and market advisory
Other Tax Accounting Firms
Most accountants don’t understand the complex world of crypto which makes it hard to provide good quality tax accounting service.
What other firms offer:
Inexperienced with the world of day trading
Lack of understanding with tech integrations
Lack of experience with day trading tax rules
How we’ll help you with your accounting needs
Step 1 – Free Consultation: We first begin understanding your current situation with record-keeping and tax.
Step 2 – Software Setup: We’ll integrate your trading platform with our accounting software’s to track all of your crypto transactions.
Step 3 – Tax Strategy: We’ll explain how we can help minimize your taxes and capital gains taxes
“We are one of the few accounting firms that understand crypto from a tax accounting perspective.”
– Danny Khanna, Managing Partner
— About Us —
Our team of experts that will work with you
Our team possess the skills, knowledge and experience needed to help you as a day trader.
Danny Khanna, MBA
Managing Partner
Your main point of contact for all things bookkeeping related.
Dilan Ropero
Senior Accountant
Your dedicated accountant who will deliver on our services.
Sachin Kaushal
Technology Partner
Your go-to contact for all accounting software setup.
— FAQs —
Questions you may have about our accounting services
How many years of experience do we hold?
We have been operating for 6+ years helping a wide variety of clients.
How much do you charge for accounting?
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.
Which software do you use for accounting?
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.
How long does the software setup take?
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.
“Work with MyBookly Accounting if you’re looking for professional crypto tax accounting service.”
– Dilan Ropero, Senior Accountant