The Zug-based startup helps crypto users manage their portfolio while also generating the correct taxation report. The tool is currently adapted to US, German and Swiss legislations. More countries are to follow.
To develop a tax reporting tool for crypto assets is not an easy task. The majority of crypto taxation is still uncertain, and guidelines from tax authorities are either ambiguous or non-existent. Zug-based Accointing has now developed a crypto tax solution, which takes these uncertainties into account. «We have discussed the specific reports with tax advisors and then added the correct disclaimers», says Alex Lindenmeyer, co-founder of Accointing.
The startup currently offers specific reports for Germany, the US and Switzerland. The UK and Canada will soon follow. Even if a user is not from one of those countries, he or she can track their portfolio and then print a generic tax report. «The data needed for a tax report are exactly the same, only the treatment of the data is different», explains Lindenmeyer.
Rather than being a tax reporting only tool, Accointing's solution also includes a portfolio management tool that allows users to live-track their assets.
Accointing aims to become the leading crypto tax solution and portfolio management platform worldwide. «We aim to thus play a part in making crypto usage mainstream», says Yann Allemann, CEO of Accointing.
(Press Release/ SOK)
(Picture: André François McKenzie via Unsplash)
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