Crypto Tax Compliance

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Splashing out on Crypto Accounting Software (Cointracking)

31 Mar 2022 4 minute read 1 comment bengy

  Sigh.... the day had come when I would need to start upgrading through the various tiers of crypto accounting software. I remember back fondly to the days of crypto accounting in the Netherlands, where we only needed to do a single yearly snapshot...

Things to consider before using Koinly to figure out your Crypto taxes

23 Mar 2022 5 minute read 5 comments Messin' With Cryptos

Hey folks, let me once again preface that I am not a financial advisor and this is for entertainment and educational purposes only. In addition, I am definitely not a CPA or a tax professional--this is only really gives an account of my experiences u...

The hard Indian Crypto Tax season to Rekt the Indian crypto community is starting next month!!

18 Mar 2022 3 minute read 6 comments Greenchic

Indian crypto investors will now have crypto taxes suddenly to think about, even if they don’t make the required high earnings to warrant such a high amount of tax. I have talked about this unique 30% flat crypto tax that Indian Government proposes...

Crypto Accounting Setup Complete!

4 Jan 2022 4 minute read 3 comments bengy

    Unsplash   There is no nice way to say this... but crypto accounting in Australia (and other Capital Gains Tax jurisdictions) is politely described as poop... or as a pain in the arse. Capital Gains requires a crapload more tracking of exact...

Crypto and Tax Accounting: A Match Made in Heaven?

12 Nov 2021 6 minute read 0 comments Abhijoy Sarkar

Everybody knows by now about the SHIB whale wallet (recently split the balance into more wallets) which bought USD 8,000 worth of the meme tokens last year and is now worth close to USD 3.6 Bn as of the time of writing this article. This number was e...

U.S House of Representatives Passes $1 Trillion Infrastructure Bill - Crypto Got Screwed

8 Nov 2021 5 minute read 8 comments kev_nag

***INTRODUCTION*** After a long day in session, late Friday night (November 5, 2021) the U.S. House of Representatives passed the Infrastructure Investment and Jobs Act (H.R. 3684) by a vote of 228 - 206. This vote included 13 Republicans voting in f...

The Move #3: Comparing Crypto Tax Accounting platforms (Cointracking vs Rotki)

25 Sep 2021 6 minute read 0 comments bengy

    Unsplash   This is my little series on the big move back to Australia. Perhaps I will look back in the future and laugh... or cry!Part 1: Finding a Moving CompanyPast 2: A Slight Travel Panic Ah, moving back to Australia has some benefits...

Crypto Tax Accounting: Cointracking

1 Sep 2021 6 minute read 2 comments bengy

Crypto Tax Accounting: Cointracking   Crypto accounting is a bit of a nightmare at the moment. Tools to track transactions are a bit janky at best but I have found that Cointracking has been the best one that I've used so far. Unlike other port...

Crypto for Newbies: Part 6 - Tax For Australian Crypto Investors

2 Jun 2021 5 minute read 0 comments FrMkII

This is a series of guides for crypto newbies, with a focus on investing in Australia, although a lot of the advice will be suitable for a global audience.  This is a guide from the point of view of people new to the space, without in depth knowledge...

Cryptocurrency Taxes - Simplified

25 Apr 2021 5 minute read 6 comments Mynima

Introduction So I can imagine there were a lot of folks who recently participated in the FORTH token airdrop, I was one of these luck few and judging from the average payouts you can see that in some cases it was a substantial amount. While my first...