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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 CryptoRival?

CryptoRival acts as an all-encompassing resource for evaluating the profitability of mining a range of cryptocurrencies, such as Bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, and Litecoin. The platform enables users to juxtapose various cloud mining services, explore provider reviews, and acquire valuable insights into the intricacies of digital currencies and their mining methodologies. Furthermore, it showcases trustworthy exchanges where users can seamlessly convert their mined cryptocurrency into cash. If you've successfully mined Bitcoin, you may be curious about your next steps; here, information on exchange platforms is readily available to assist with converting cryptocurrencies into fiat or other digital assets. These exchanges support a multitude of currencies, including BTC, ETH, USD, GBP, and EUR, among others, ensuring a wide range of options. You can also investigate details regarding fees, commissions, and accepted payment methods, empowering you to make educated choices. In-depth reviews of cloud mining services provide insights on payment methods, contract lengths, company locations, and their online social media presence, which helps you thoroughly examine each option. With a plethora of resources at your disposal, you can confidently navigate through the complex landscape of cryptocurrency mining and trading, ensuring you optimize your investment strategy effectively. As you become more familiar with these platforms, your ability to make informed decisions will continue to enhance your overall experience in the crypto market.

Media

Media

Integrations Supported

Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex

Integrations Supported

Bitstamp
Binance
BitPrime
Easy Crypto
Exodus
Independent Reserve
Kraken
Poloniex

API Availability

Has API

API Availability

Has API

Pricing Information

$99 per tax year
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Taxoshi

Date Founded

2014

Company Location

New Zealand

Company Website

taxoshi.com

Company Facts

Organization Name

CryptoRival

Date Founded

2017

Company Website

cryptorival.com

Categories and 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

Categories and Features

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