Average Ratings 0 Ratings
Average Ratings 1 Rating
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
No
API Access
Has API
No
Integrations
Bitstamp
No
Binance
No
BitPrime
No
Easy Crypto
No
Exodus
No
Independent Reserve
No
Kraken
No
Poloniex
No
Integrations
Bitstamp
Yes
Binance
Yes
BitPrime
Yes
Easy Crypto
Yes
Exodus
Yes
Independent Reserve
Yes
Kraken
Yes
Poloniex
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$99 per tax year
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
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
No
Compliance Tracking
Yes
Corporate Banking
Yes
Credit Card Management
No
Credit Union
Yes
Investment Banking
Yes
Multi-Branch
Yes
Online Banking
Yes
Private Banking
Yes
Retail Banking
Yes
Risk Management
No
Securities Management
No
Transaction Monitoring
Yes
Product Features
Crypto Tax
Automated Data Import
No
Exchange Integration
No
Export Transactions
No
Historical Prices
No
Income Overview
No
Margin & Futures Support
No
Profit & Loss / Cap Gains
No
Staking / Lending / DeFi Support
No
Tax Form Generation
No
Tax Loss Harvesting
No
Wallet Integration
No