ZUG, Switzerland, December 24, 2021 (GLOBE NEWSWIRE) – Recently, the ACCOINTING team announced the launch of Trading Tax Optimizer, which will be the new tool to take the crypto world by storm. Transaction Tax Optimization can be complex if not properly understood, which is why ACCOINTING.com created the ultimate tool to help people in the United States and Germany optimize their transactions for tax purposes. . Users simply need to connect their wallets and exchanges through API or wallet addresses, select their taxation method, set the type of tax deposit they want to use and finally use the time slider to preview the taxable gains generated in the future. This tool allows users to simply track their portfolios and consider future taxable events in order to optimize their taxes. The platform is free for a limited time and is available in German and English.
The evolution of cryptographic taxes
The world of cryptocurrency is constantly changing every second. Each week, new protocols, blockchains, tokens or exchanges are more and more accepted in the already decentralized world. Trading methods such as margin trading, futures, yield farming and cash pooling, NFTs and many more have become a great source of innovation in the world of trading. cryptography. However, these various innovative financial methods or transactions, revolutionary as they are, add a layer of complexity to the real world that so far few people know about – taxes.
Types of crypto traders
From the amateur investor who learned about crypto over the course of this year to the professional crypto trader, both profiles got involved in the world of cryptocurrency, motivated by the idea of generating wealth and to be a part of something new and exciting – the future of finance.
However, they were not counting on the future implications this would trigger, such as new forms of taxation. Countries like Germany, Austria, Great Britain, and the United States have very complex tax systems and they don’t get any easier for crypto traders. If this resonates with the reader, then they could be in the same debacle as most crypto traders in their highly regulated neighboring countries when it comes to crypto markets: how do I manage crypto taxes?
About Trading Tax Optimization
The knowledge and ability of traders to optimize crypto taxes will depend on several factors: to begin with, their previous experience paying taxes on other assets, such as stocks, commodities, and futures. , because these are taxed in the same way as crypto. Another very important factor is knowing exactly when to optimize them, and this is what makes crypto taxes more interesting: leveraging the same tokens at different time periods to optimize them for tax purposes.
Trading Tax Optimization allows crypto traders to view, optimize, and plan their trades going forward, understanding gains made per token, broken down by exchange so they can easily identify what their next should be. transaction to reduce tax burden and maximize profit. Trading Tax Optimization provides a glimpse into the future to act today to take advantage of today’s tax consequences. Strategy and execution will depend on two variables: the tax method and the arrangement of the deposit.
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THE SOURCE: ACCOUNT