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What is Taxoshi?

If you've participated in any transactions involving digital currencies, such as buying, selling, or earning them during a specific tax year, it's very probable that you'll need to disclose any resulting gains or losses on your tax return. Should you have any doubts about what is required of you, seeking guidance from the Inland Revenue or your tax professional is recommended. In New Zealand, digital currencies are regarded by the Inland Revenue as a type of property. Their cryptocurrency taxation guidelines dictate that you must evaluate profits or losses based on the First in First Out method, with values converted to New Zealand Dollars at the time of each transaction, even when dealing with various cryptocurrencies. This evaluation can be intricate and may take several days to navigate, particularly if you have multiple trades. In the event that you have suffered a loss, you may be able to offset that against your income tax, which can offer some financial relief. To ease this burden, our sophisticated algorithms can automate the necessary currency conversions and accurately calculate your trading and mining gains and losses in accordance with the guidelines set by the Inland Revenue. By simply supplying your exchange records and mining addresses, we take care of the entire process, ensuring that you remain compliant and precise in your reporting. Ultimately, this allows you to concentrate on growing your investments without worrying about tax-related complications. Additionally, our service provides peace of mind by ensuring that all calculations are done accurately and efficiently, leaving you free to enjoy your ventures in the digital currency space.

What is Blockpath?

Handling taxes can be simple and stress-free. Just input your exchange transactions and Bitcoin addresses, then click calculate. We retrieve all necessary exchange rates and create your tax forms. Blockpath is unique as the only crypto tax preparation software that functions entirely within your web browser. Your trade information is pulled directly from the exchange to your browser with no interruptions. All calculations are processed in your browser, guaranteeing that none of your data is saved on Blockpath's servers. We prioritize transparency, which is why we offer consistent pricing regardless of the number of trades our users make. In fact, Blockpath is structured to prevent tracking how many trades occur in your browser! Effortlessly link your exchange trading history using your API key. Your browser interacts exclusively with the exchange, ensuring that Blockpath does not have access to your trading data. It's also important to remember that trading one cryptocurrency for another, such as ETH for BTC, is considered a taxable event. By simplifying this process, we strive to reduce the stress that often accompanies tax preparation for cryptocurrency activities. With our solution, users can focus more on their investments rather than the complexities of tax obligations.