Cryptocurrency Accounting
Firm and Tax Consultants
We take care of your company’s financial health
Trusted by beloved partners
Managing Cryptocurrency
Navigating the Complexities of Finances
Effectively manage your intricacies associated with cryptocurrency investments, transactions, and financial strategies.
Financial Reporting
Auditability of Crypto Transactions
Ensuring your records of cryptocurrency transactions are complete, accurate, and transparent.
Security Measures
Let Us Handle Your Regulatory Compliance
We take charge of compliance matters on your behalf, relieving you from the burdensome regulatory requirements imposed by government authorities.
SERVICES
Get Your Business Finances in Focus
Financial Report
You need reliable guidance for crucial decisions, foreseeing impacts and guiding you to success.
Bookkeeping
Keep your focus on core business activities. Let us handle your bookkeeping. We simplify finances, reduce mistakes, and boost efficiency.
Tax Compliance
Don't stress over tax strategies. Let us optimize your tax planning and minimize liabilities.
Crypto Success with
Cutting-Edge Accounting Tools
Crypto Accounting Done Right
for your Growing Business
With our expertise, you'll gain the confidence and clarity to navigate the complexities
of the digital asset landscape while achieving your financial goals efficiently and effectively.
Get started in a few
minutes with us
Step 1
Get in touch with us
You can go on Get in touch page and fill the form to tell us about your crypto scenario.
Step 2
<span data-metadata=""><span data-buffer="">Examination of your data
Provide you a quote and expected time to complete your reports.
Step 3
Calculation and Reporting
We will calculate your crypto gains/losses and provide you with the Crypto Tax Report.
Step 4
<span data-metadata=""><span data-buffer="">Meeting to discuss your report
We’ll setup a meeting to go over your results.
TESTIMONIALS
Our Delighted Clients
Partnering with the Nara Labs has transformed our financial management. Their expertise in cryptocurrency transactions and regulatory compliance is unmatched. With their guidance, we've streamlined operations and ensured compliance seamlessly. Highly recommended!
John Mcdonald
CEO, Corndog Crypto Ventures
Nara Labs has been instrumental in our success. Their expertise in navigating cryptocurrency transactions and regulatory requirements has been invaluable. With their support, we've achieved greater transparency and efficiency in our financial operations. I highly recommend their services.
Michelle Lopez
CFO, Crypto Innovations Inc.
Choosing the Nara Labs was one of the best decisions we made for our business. Their deep understanding of cryptocurrency transactions and regulatory compliance has helped us stay ahead in the dynamic crypto landscape. Their professionalism and dedication have earned our trust and loyalty. I highly endorse their services.
Robert Lee
Founder, Blockchain Solutions Co.
FREQUENTLY ASKED QUESTIONS
Curious Minds Want to Know
Yes, all taxable event resulted from sale of cryptocurrencies are to be reported be it loss or gain.
Yes, all trade/swap from one crypto to another trigger a taxable event.
Mined crypto is taxed based on the FMV at the time it was receive. Staking rewards are taxed similar to mining proceeds, receipt of principal though is not taxable. New coins from hard forks are generally taxable as ordinary income at FMV.
Tax is certain, hence all trades are deem taxable. However some strategies may lessen tax implications.
Tax-loss harvesting: If you have some losing Bitcoin trades, you can sell them to offset capital gains from other investments. This can reduce your overall tax bill.
HODLing (Holding On for Dear Life): If you hold your Bitcoin for more than a year before selling, it qualifies for long-term capital gains tax rates, which are typically lower than short-term capital gains tax rates.
Strategic selling: Try to plan your trades to minimize taxes. For instance, consider selling only when necessary and avoiding unnecessary trades that might generate small, taxable gains.
No, generally you don't have to pay taxes if you transfer crypto from one wallet to another, as long as both wallets are yours. This is because transferring crypto between your own wallets is considered a relocation of assets, not a taxable event. You still own the same crypto, just in a different location.
We care about your data
At our firm, we're committed to delivering exceptional value through our crypto accounting services.
You'll gain transparent insights into your finances, precise asset management, and tailored strategic guidance.
CONTACT US
Let Us Assist You
Share Your Needs and Let Us Offer Our Assistance
- Request a demo
- Learn which plan is right for your team
- Get onboarding help