Solving the Complexities of Crypto Tax & Accounting With the Experts at Ledgible – Sponsored Bitcoin News
— Complexities, Income, Traditional, Bitcoin, Experts, Accounting, Solving, Sponsored, Regulation, Financial — 1 min read
Ledgible is solving the conundrum of how to properly account for crypto as an asset class and a source of income. Accounting for crypto neither has to be hard nor detrimental to the overall crypto ecosystem. Creating a symbiotic relationship between both industries, allowing both to lift the other up. Building a sturdy bridge between crypto and traditional finance rests on being able to match crypto into the world of traditional tax and accounting. Rather than further integrating crypto into traditional assets, alongside stocks & bonds, the financial ecosystem is able to keep traditional financial products in one vertical, and crypto assets in their own vertical, easily bridged by solutions like LedGible. For tax purposes, digital currency is treated as property, but what does this really mean mean? Source