Are you on the hunt for the best crypto airdrops in 2024? You’re in the right place! As a fellow crypto enthusiast, I understand how exciting it is to explore […]
What the hell is the Crypto Asset Reporting Framework (CARF)?
In today’s world, where quality and standards are paramount in service delivery, accreditation bodies play a crucial role. Furthermore, one such organization is CARF – the Commission on Accreditation of […]
Managing Crypto Asset Accounting in 2024: Insights and Solutions by Catax
Crypto Asset Accounting poses a significant challenge for modern businesses in 2023. The lack of clear guidance and the limited support for cryptocurrencies in most accounting software make it a […]
Crypto Tax Penalties: What Happens If You Don’t Pay Taxes
In today’s digital age, cryptocurrency has emerged as a popular financial asset. However, many individuals overlook the importance of filing taxes for their crypto transactions which leads to crypto tax […]
Bitcoin ETFs Taxation: A Guide for Indian Investors
Explore the intricate tax implications for Indian investors in Bitcoin ETFs. Understand how Sections 115BBH, 50AA, and 112 of the Indian Income Tax Act apply to Bitcoin ETF investments in the US market, and navigate the complexities of VDA taxes, mutual fund classifications, and long-term capital gains. Stay informed and make savvy investment decisions with our comprehensive guide
Navigating the Complexities of Web3 Bookkeeping
Discover the limitations of traditional bookkeeping methods like Microsoft Excel when it comes to managing cryptocurrency transactions. Learn why manual data entry and the lack of real-time integration with crypto exchanges and wallets make them inadequate for handling the complexities of the digital currency landscape.
Excel vs Catax: Transforming the Future of Crypto Tax Calculations
In the fast-changing world of digital currencies, keeping track of finances and doing taxes can be tough. Usual tools like Microsoft Excel are good but might not meet all the needs of managing Web3 finances.
Safety of Non-KYC Crypto Exchanges: How to Verify
In the fast-changing world of cryptocurrencies, non-KYC (Know Your Customer) exchanges have become quite popular. They offer a level of privacy and anonymity that you usually don’t see in exchanges […]
What is the 1099-DA for Crypto and How Will it Affect your Taxes?
Explore the significance of Form 1099-DA in cryptocurrency taxation. Discover why this new tax reporting form is essential, how it addresses existing flaws in 1099 reporting procedures, and its role in accurately calculating capital gains and losses for digital assets.
Navigating Crypto Cost Basis: A Comprehensive Guide for Tax Planning
Dive into our comprehensive guide on navigating crypto cost basis for effective tax planning. Understand the intricacies of calculating capital gains and losses in cryptocurrency investments, learn about different methods like FIFO, LIFO, and HIFO, and explore the impact of short-term vs. long-term capital gains on your taxes.