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Description

Comprehensive multi-currency accounting, wherein each currency is assigned its own ledger structure that consolidates into a reporting currency compliant with IFRS guidelines, is a common standard. The system automatically maintains inter-currency positions, allowing both the balance sheet and income statement to be displayed with complete details regarding the consolidation process. Additionally, commodities can be categorized as currencies, enabling the platform to function as a commodity broking service. Support for digital currencies and digital commodities is also robust, facilitating both storage and transaction interchange. Users can easily import exchange rates from external data services or opt for manual updates as needed. The process of creating your own e-currency has become remarkably straightforward! Typically, Corniche's clientele consists of individuals and businesses who regularly engage in trade with one another—both buyers and sellers alike. Furthermore, Corniche provides a user-friendly escrow system that empowers parties to manage the sales process independently, from the initial transaction agreement right through to final delivery and payment completion. This ensures a seamless experience for all stakeholders involved in the trade.

Description

If you have engaged in the buying, selling, earning, receiving, or any other form of acquiring digital currencies within a particular tax year, it's highly likely that you must report any profits or losses on your tax return. If there's any uncertainty regarding your obligations, consulting with the Inland Revenue or your accountant is advisable. In New Zealand, the Inland Revenue classifies digital currencies as a category of property. Their guidelines for cryptocurrency taxation specify that profits or losses must be assessed using the First in First Out method, converting values into New Zealand Dollars at the time of each trade, even when the transactions are between different cryptocurrencies. This process can be quite complex and may require several days to sort through, even with just a few trades. If you've incurred a loss, it could potentially be deducted from your income tax, providing some relief. Our advanced algorithms simplify this process by automating the necessary currency conversions and calculating your trading and mining profits and losses in line with Inland Revenue's regulations. Simply provide us with your exchange exports and mining addresses, and we will handle the rest to ensure your compliance and accuracy. This way, you can focus on your investments without the tax-related stress.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex

Integrations

Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

$99 per tax year
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Megasol Technologies

Founded

1997

Country

Sweden

Website

www.megasol.se

Vendor Details

Company Name

Taxoshi

Founded

2014

Country

New Zealand

Website

taxoshi.com

Product Features

Banking

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Product Features

Crypto Tax

Automated Data Import
Exchange Integration
Export Transactions
Historical Prices
Income Overview
Margin & Futures Support
Profit & Loss / Cap Gains
Staking / Lending / DeFi Support
Tax Form Generation
Tax Loss Harvesting
Wallet Integration

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