Crypto bookkeeping and accounting related articles

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November 12th, 2024

Accounting for Crypto Assets: Tax-Saving Strategies for Business Growth

Managing crypto finances can be quite challenging, especially if you are an individual or a business just getting started with incorporating digital assets like crypto into your financial strategy.

November 12th, 2024

Staying Crypto Tax Compliant with Professional Crypto Accounting Services

More and more businesses are integrating digital assets such as crypto and tokens into their portfolio nowadays due to the transparency and security these services offer compared to traditional currencies.

November 12th, 2024

Accounting for Digital Assets: Business Owner’s Guide

Nowadays, the global financial market is evolving rapidly with the evolution of digital assets. Unlike traditional financial systems, digital assets present companies with an opportunity to engage in transparent transactions in a more secure manner.

November 12th, 2024

Why Your Business Needs Digital Asset Accounting Services

As businesses start adopting digital assets into their financial strategy, they can’t forget the importance of managing these assets correctly.

May 20th, 2024

How to File Taxes for Crypto Losses: The Ultimate Guide

The Internal Revenue Service (IRS) treats cryptocurrencies like Bitcoin and Ethereum as property for federal tax purposes, not as currency. This means that any time you exchange or otherwise dispose of a digital asset or a financial interest in a digital asset, it is considered a taxable event, resulting in a capital gain or loss. Whether you sold your crypto for cash, traded it for another cryptocurrency, used it to purchase goods or services, or received it as payment or through mining, you must report it to the IRS. Failing to do so can lead to penalties, interest charges, and potential criminal charges for tax evasion.

February 22nd, 2024

Trusts in Crypto: Estate Planning and Asset Protection

Learn how trusts can help with estate planning for cryptocurrency assets and provide protection against threats to your crypto investments.

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