The world of cryptocurrency and crypto tax can be confusing. That's why we've put together this post detailing some common questions around the tax and accounting implications of cryptocurrency along with how Ledgible can help you in the process!
Don't see the answer you need? Ask our team now.
I thought cryptocurrency transactions weren't taxed?
How do I choose which tool in the Ledgible Product Suite to use?
Does Ledgible offer flexible billing options?
What do I do if I need technical support while using Ledgible?
Don't see the answer you need? Ask our team now here.
Need Ledgible instructions? Check out the Ledgible Knowledge Base here: verady.zendesk.com
I don't understand cryptocurrency, where can I go to learn more about the industry and its tax laws?
What is a cryptocurrency taxable event?
Will I get audited if I traded cryptocurrency?
Which cryptocurrencies/blockchains/wallets/exchanges does Ledgible support?
Which accounting platforms does Ledgible support?
What kind of reporting does Ledgible provide?
I don't see an integration that is critical to my business or asset portfolio, how will I know if you can support it?
What happens if I cancel my subscription?
Where can I learn more about how the Ledgible platform works?
Do you pay taxes on crypto?
How much is crypto taxed?
How can I figure out my specific crypto tax obligation?
When do preparers get charged when they sign up for Ledgible crypto Tax Pro?
Which professional tax software does Ledgible offer integrations into?
Does Ledgible offer current year planning capabilities to properly account for your crypto tax burden?
I'm a tax professional, why do I need to use Ledgible for cryptocurrency taxes?
How can I trust Ledgible with my cryptocurrency data?
All tools in the Ledgible Platform are AICPA SOC 1 & 2 Audited. This means that our tools meet and exceed accounting industry data security standards and pass a series of independent inspections.
Ledgible handles cryptocurrency data for many of the top FinTech and Crypto companies around the world. We have rigorous standards and procedures from a security and privacy standpoint for the handling of data.
We’ve taken great measures to make sure that our users’ data is safe. We’ve brought in external auditors to test our systems and include constant security monitoring as part of our operations. We have both SOC1 and SOC2 certification, which makes Verady one of only a handful organizations in the world that is audited and certified to those standards for financial reporting of crypto asset data.
Our platform strictly is for reporting purposes and has no capability to trade or manage any movement of funds whatsoever and we explicitly instruct and use read-only or audit level access for any exchange access and only use public keys for blockchain direct access.
Feel free to reach out at any time if you run into difficulty adding your data from a particular source and we'll be glad to provide professional guidance.