naralabs.io

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

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

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.

MEET OUR TEAM

Get to Know the People Behind the Mission

Shan "Shan Ty" Sebastian​

Chief Executive Officer
CEO of NARA Labs, Shan is a dedicated crypto educator and an individual member of the Blockchain Council of the Philippines. His leadership in the industry is well-recognized, making him a key mentor in this course.

Penuil Jr Catingub, CISA, RCA​

Chief Financial Officer
A finance professional with extensive experience in cryptocurrency and tax accounting. Penuil has worked in various industries, including BPO, eCommerce, and market research. His expertise spans management accounting, auditing, digital assets, DeFi, NFT, and CeFi. He’s also a global speaker at Crypto Tax Forum 2.0.

Mark Cabale

Chief Product Officer
Chief Product Officer of NARA Labs, Mark is a seasoned product leader, leveraging his deep understanding of product development and cryptocurrency. With a proven track record in SaaS, Web3, and Fintech, his hands-on experience and strategic insights will guide students as they develop the skills needed to excel in the crypto accounting industry.

Vincent Nabablit

Technical Manager
Vincent Nabablit oversees the integration, website management, email list, and Learning Management System (LMS) of the NARA Labs.

A multifaceted professional, Vincent is also a YouTube Growth Strategist, YouTube SEO Specialist, and a budding Podcast Brand Design Strategist and Audio/Video Repurposing Editor.

With over 16 years of experience in graphic design, Vincent has empowered entrepreneurs and business professionals to build their brands through creative and impactful design solutions. His expertise in YouTube management and SEO makes him an invaluable resource for businesses aiming to enhance their online presence and grow through podcasting.

Beyond his professional pursuits, Vincent enjoys traveling, exploring the scenic beauty of the Philippines, and indulging in culinary adventures.

FREQUENTLY ASKED QUESTIONS

Curious Minds Want to Know

I only made a loss on cryptocurrencies, do I still have to file taxes?

Yes, all taxable event resulted from sale of cryptocurrencies are to be reported be it loss or gain.

Are crypto to crypto trades taxed?

Yes, all trade/swap from one crypto to another trigger a taxable event.

How are mining, staking and hard forks taxed?

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.

How can I avoid paying taxes on bitcoin trades?

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.

Do I have to pay tax if I transfer crypto from one wallet to another?

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

Got questions? Send us your inquiry.