As the crypto community dares to debate if the crypto winter is finally thawing, some will begin dreaming of Lambos again. But before you do, have you ever wondered about your responsibilities to pay taxes on your gains? Anyone that has ever googled “How to Report Cryptocurrency on Taxes” will quickly discover how complex it can be.
NODE40 Balance is a robust cryptocurrency reporting software that integrates directly with major cryptocurrency exchanges. Members of the blockchain community transacting in, trading, or mining digital currency, have likely triggered a taxable event and can be unaware of how to properly disclose these transactions to the government.
Sean Ryan, Chief Technology Officer designs NODE40’s technology roadmap and plays an active role in business development activities. He oversees key service offerings including blockchain hosting, blockchain accounting, and cost basis analysis. He continues to spearhead technology initiatives in the blockchain space and works closely with strategic partners to deliver highly scalable and fault tolerate solutions.
The specialist blockchain accounting firm behind the Balance cryptocurrency reporting software has also unveiled a new tier for Balance designed specifically for professional accountants and tax preparers. The upgraded Professional tier allows Certified Public Accountants (CPAs), bookkeepers and tax professionals to track clients separately under one master account and offers shared access when sensitive information must be requested.
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