Crypto Taxes for Businesses: Is it Better than Fiat?
In most countries, crypto taxes for businesses follow the same framework as receiving income in crypto – personal or business income taxes on its fair market value when received. But there is a lot more to it than just that. As crypto is growing relentlessly and penetrating the mainstream...
Crypto Tax Software Vs CPA: What’s Right for You?
The decision between crypto tax software and a CPA depends on your specific situation. Consider your transaction complexity, budget, tech comfort, and time availability. Weigh the pros and cons, and remember, a hybrid approach is usually the best option. If you’re still not sure, consult with a CPA. With...
6 Year-End Crypto Tax-Saving Strategies for 2023
2023 is almost over. Here are the best year-end crypto tax saving strategies – harvest losses, bump up your business expenses, convert to retirement accounts, donate crypto, and more. Crypto taxes can be tricky, but as the year ends, it’s key to get smart about them. This article will...
5 Common Crypto Tax Tool Problems (& How to Fix Them)
While crypto tax tools have become increasingly popular for simplifying this process, they aren’t without their own set of challenges. The most common crypto tax tool problems include inaccurate data import, missing transaction details, and gray areas in crypto taxation. In this practical and insightful guide, we will tackle...
12 Best Crypto Coins to Stake in 2023 to Earn Passive Income
After the Ethereum transition to a Proof-of-Stake (PoS) consensus mechanism, the hype around crypto staking surged again. But staking Ethereum isn’t everyone’s cup of tea. Some people prefer to spread their bets. That is exactly why we’ve put together this list of best crypto coins to stake in 2023...
6 Best Practices for Using Crypto Tax Tools
Crypto taxes may not be as fun to talk about as some of the other exciting bits of crypto, like skyrocketing prices, controversies, and innovations, but it’s necessary, especially when it comes to accurate tax reporting. The last thing you want is an audit or a penalty. So, what’s...
Meme Coins Explained: From Memes to Millions
Meme coins are crypto tokens inspired by internet memes or trends, often lacking utility and value beyond their cultural appeal. But there is more to it. First introduced in 2013, Dogecoin was the first meme coin created as a joke to troll Bitcoin and its rising popularity at the...
Privacy Coins Explained: Are Monero and Zcash Truly Anonymous?
Privacy coins are designed with enhanced privacy features that keep your transactions private, hiding details like wallet addresses and transaction amounts to provide users with increased confidentiality and anonymity compared to standard cryptocurrencies. It’s no secret that traditional fiat currencies often fall short when it comes to safeguarding our...
7 Best Crypto Exchanges in India in 2023
The crypto market in India is experiencing a significant surge, with a growing number of Indians showing keen interest in investing in cryptocurrencies. As more individuals enter this dynamic space, it becomes crucial to identify the best crypto exchanges in India to facilitate secure and efficient trading. In this...
7 Best Crypto Exchanges in South Africa in 2023
In recent years, South Africa has emerged as a massive crypto market. Today, we will share our curated list of best crypto exchanges in South Africa of 2023, what factors you should consider when choosing a platform that best suits your goals and needs, and answer some frequently asked...