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Cryptoassets and the rise of the tax calculators

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The complexities that arise when calculating the tax position on cryptoasset transactions are not limited to the principles of taxation but are embedded in the data relied upon for such calculations. Cue online crypto tax calculators, which promise accurate tax calculations with automated data handling. While software is a useful tool for collating data, it cannot currently be relied upon for providing a perfect tax analysis. Ensuring the correct tax outcome for clients requires a full understanding of the transactional data.

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