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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 COYN?

COYN serves as an automated tool that efficiently runs in the background, transforming complex cryptocurrency transactions into trustworthy accounting entries that are audit-ready. After six years of thorough development and testing across multiple algorithmic trading approaches, COYN has successfully managed thousands of transactions every day. Its completely automated setup guarantees that once established, both your accountant and tax professional can easily access your cryptocurrency accounting data. Users benefit from the ability to monitor their trades in both the spot and derivatives markets through COYN. Furthermore, it adeptly manages airdrops, funding payments, and perpetual futures, ensuring seamless operations. This solution empowers users to oversee their cryptocurrency trading activities while adhering to HGB accounting regulations. Ultimately, COYN stands out as a holistic resource catering to both individual traders and industry professionals, making cryptocurrency management simpler and more efficient for everyone involved.

Media

Media

Integrations Supported

Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex

Integrations Supported

API Availability

API Availability

Pricing Information

$99 per tax year

Pricing Information

$195 per month

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows
Mac
Linux

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub

Training Options

Webinars
Online Training

Company Facts

Organization Name

Taxoshi

Date Founded

2014

Company Location

New Zealand

Company Website

taxoshi.com

Company Facts

Organization Name

First Coin GmbH

Company Location

Germany

Company Website

www.coyn.finance

Categories and Features

Crypto Accounting

Not specified

Crypto Tax

Not specified

Categories and Features

Crypto Accounting

Not specified

Crypto Tax

Not specified

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