ZenLedger.io, a cryptocurrency tax analysis and blockchain analytics firm has announced partnering with Abra, a leading financial services and technology company, that operates an all-in-one, custodial cryptocurrency wallet and exchange.
ZenLedger has partnered with Abra on a key product integration to provide a seamless experience to US-based cryptocurrency traders and investors for their accounting and tax preparation. ZenLedger is the recommended cryptocurrency tax partner of Abra, and this new partnership allows Abra users to easily get help with tax reporting and file their cryptocurrency taxes.
ZenLedger.io, a cryptocurrency tax analysis and blockchain analytics startup, today announced a strategic seed raise of $3.4 million. The software from ZenLedger has helped thousands of cryptocurrency investors and accountants with tax filings and financial analysis, exceeding $1 billion of crypto transactions with significant tax and time savings.
Seattle-based cryptocurrency tax analysis firm ZenLedger has raised $3.35 million in a seed round after processing more than $1 billion crypto transactions. ZenLedger’s investors include Vestigo Venture, Castle Island Ventures, Gumi Cryptos, Unblock Ventures (Line Messenger), and Migration Capital.
Making money, spending money, holding money, or just generally being around money, comes with a significant side effect, namely – taxes. The term itself evokes a desire to procrastinate, imagining hours and days of manual calculations and headache. Especially for newbies, it may seem like a gigantic bite to take. Like that's not enough, even professionals have trouble doing taxes for themselves and their clients when it comes to crypto, particularly due to lack of regulations.
The cryptocurrency market is converging on more regulatory oversight, separating itself from its early Wild West days. As government agencies begin to take more notice of this new asset class, financial firms who have a thorough understanding and specialization in the emerging market stand to benefit from its profound tax implications and opportunities.
The emergence of online do-it-yourself tax solutions in the last several years drastically changed the way individuals prepare and file their taxes. It was no longer necessary to spend money on an accountant or worry about acquiring and filling out confusing paper forms and mailing them. Online solutions have brought the speed, ease and convenience that has helped both taxpayers and the IRS handle processing and refunds faster.
One of the reasons flying on an airline is deemed safe is because the pilots have high status and are equally affected if something goes wrong. Being a flight passenger possesses a certain sense of security since the person at the controls has a clear incentive to not harm themselves or others. Additionally, in aviation, a thorough investigation occurs after every incident and new policies and training are put in place when warranted. Globally, every pilot learns from the mistake of one.
It takes a genuine accounting guru to understand how the new system functions, but you can cut the long story short by using one of many apps or platforms developed to calculate crypto taxes. In this article, we will show you the seven best options.
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Simplifying DeFi and Cryptocurrency Taxes for Investors and Tax Professionals
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