Crypto tax calculation is usually a complicated and complex subject, however a brand new startup referred to as Cryptiony goals to make it simpler for customers within the UK. The firm has simply launched its software, which presents unbeatable pricing and quick information syncing.
Cryptiony is a brand new crypto tax startup that goals to unravel the issue of calculating and reporting taxes on cryptocurrency holdings. The firm acknowledges that cryptocurrency exchanges don’t present tax stories for his or her customers and that the method of calculating taxes on crypto may be sophisticated, time-consuming, and costly when utilizing an accountant service.
Cryptiony has launched within the UK on the proper second, the place the federal government is making an attempt to control and tax cryptocurrency. It may be anticipated that with this launch, Cryptiony will be capable of obtain model consciousness within the UK market.
Additionally, there should not sufficient accountants who’re up-to-date with the fast-changing authorized necessities for crypto taxes within the UK.
How to calculate crypto taxes through Cryptiony?
The technique of calculating and reporting crypto taxes through Cryptiony is straightforward and easy. Users can register for the service with simply an electronic mail handle. They can then import and assessment their transactions and obtain a tax report.
The firm’s web site presents a user-friendly interface that enables customers to attach their exchanges and wallets to the platform simply. From there, the platform will robotically calculate the taxes owed on the consumer’s crypto holdings and generate a report that may be simply submitted to the federal government.
Advantages of Cryptiony’s platform
One of the important thing benefits of Cryptiony’s platform is its pricing. The firm presents a pricing mannequin based mostly on annual subscription charges, which rely on the variety of crypto transactions the consumer performs.
Cryptiony presents an unbeatable value within the UK, with as much as 500 taxable occasions at no cost, making it accessible to nearly all of customers. The paid starter package deal begins at £59, ranging to £169 for the Pro model.
Additionally, the platform presents quick syncing of knowledge, which implies customers can shortly and simply join their exchanges and wallets with out having to attend for prolonged sync occasions.
The imaginative and prescient of the Cryptiony
The founders of Cryptiony are consultants within the area of expertise and finance, which is obvious within the platform they’ve developed. They have turned their ardour for cryptocurrencies right into a enterprise that helps people and companies navigate the complicated and ever-changing rules round crypto taxes.
Bartosz Milczarek, the CEO of Cryptiony mentioned:
“We believe that by offering a simple and affordable solution for calculating and reporting crypto taxes, we can help users navigate the complex and ever-changing regulations around cryptocurrency. Our platform is designed to make the process as easy as possible so that users can focus on their investments rather than worrying about taxes.”
Bartosz Milczarek and Krzysztof Dworakowski (CTO) have over 10 years of expertise in growing IT methods for the banking, foreign exchange brokers, and blockchain trade.
They have a wealth of data and experience within the fields of expertise and finance, making them well-suited to launching a enterprise that solves the challenges of crypto tax calculation.
The CMO, Hanna Milczarek, is a monetary skilled with a company background associated to accounting and finance within the IT sector.
Hanna brings expertise in monetary administration and accounting, which is essential in growing Cryptiony’s monetary and tax calculation options, making him a priceless member of the workforce and including extra depth to Cryptiony’s providing.
The founders’ curiosity in cryptocurrencies and their intensive background in tech and finance led them to show their ardour right into a enterprise.
They acknowledged the challenges that people and companies face in terms of calculating and reporting taxes on their crypto holdings, they usually got down to create an answer that makes the method straightforward and easy.
Cryptiony is a acknowledged firm
Cryptiony has been acknowledged with a number of awards and distinctions. One of essentially the most notable achievements is that the corporate was named the “Startup of the Year 2021” throughout Invest Cuffs 2022, which is certainly one of Europe’s largest commerce gala’s for the funding market industries comparable to currencies, shares, cryptocurrencies, actual property, and crowdfunding. This recognition highlights Cryptiony’s place as a number one participant within the crypto tax trade.
Additionally, Cryptiony was among the many high 3 winners in the course of the Fintech Summit Poland and likewise took dwelling the Audience Award; this can be a nice recognition for the corporate on its providing and general efficiency. This award is a testomony to the corporate’s dedication to offering high-quality and modern options for the crypto tax area.
Cryptiony was additionally a winner of the Blockchain Innovations Chains pitch competitors in the course of the Reach4.biz Meetup; this award acknowledges the corporate as a blockchain innovator and an organization to observe within the area of crypto taxes.
About Cryptiony
In abstract, Cryptiony goals to unravel the issue of crypto tax calculations and to report for crypto holders by providing a simple and user-friendly platform with fast syncing and unbeatable pricing.
Cryptiony platform helps customers navigate the complicated and ever-changing rules round cryptocurrency and give attention to their investments. This crypto tax device will save money and time by making it straightforward to calculate and report on crypto taxes, notably within the UK market.
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