In the United States launched a service for the automatic payment of cryptocurrency taxes
Consulting company Ernst & Young announced the launch of a new service CryptoPrer. The application monitors cryptocurrency transactions and fills out a tax return in automatic mode.
Tax law remains imperfect
The company decided to develop this software due to existing problems in the tax legislation on cryptocurrency activities. The norms of current legislation cannot be called transparent, moreover, the difficulty lies in collecting the history of all transactions.
Ernst & Young simplified the life of American traders
The EY CryptoPrer platform works in the SaaS format and allows you to track transactions on many cryptocurrency sites. The result of the work of software calculations is a completed tax return №9843.
"Our clients increasingly hold and trade crypto assets, creating the need for an innovative solution to address the evolving complexity around filing crypto taxes" — said the Vice-Chairman of the company, Marna Riker.