Ernst & Young LLP, otherwise known as EY US, announced this week that it has launched cryptocurrency application EY CryptoPrep, to assist traders with tax filings in the United States.
CryptoPrep is a Software as a Service (SaaS) web-based crypto tax engine. According to the statement from EY, one of the big four accounting firms, the engine offers step-by-step guidance through the crypto tax process.
The CryptoPrep solution supports most of the major Cryptocurrencies and exchanges, the statement said, and through aggregating and reconciling transaction data, the service applies the relevant tax rules to produce an account of crypto capital gains or losses.
After this, the product provides a completed Form 8949, the form used to report sales and exchanges of capital assets, for all applicable tax years. Although the product launched this week is specifically for crypto, the underlining technology is also available for clients through EY TaxChat and the EY Blockchain Analyzer.
Commenting on the product launch, Marna Ricker, EY Americas Vice Chair of Tax Services said in the statement: "Our clients increasingly hold and trade crypto assets, creating the need for an innovative solution to address the evolving complexity around filing crypto taxes. The EY Foundry, our internal corporate venturing unit, created EY CryptoPrep to modernize the crypto tax accounting process."
Ernst & Young expands crypto services
The latest product from Ernst & Young follows on from the accounting firm launching an accounting and taxation tool for cryptocurrency holdings last year. The tool, which is called EY Crypto-Asset Accounting and Tax (CAAT), facilitates accounting and tax calculations for cryptocurrency transactions and is targeted to both institutional customers and retail investors.
"EY CryptoPrep expands our innovative portfolio of successful new digital businesses," added Chirag Patel, EY Foundry Leader in the statement. "EY CryptoPrep is another great showcase of our commitment to address the evolving needs of our clients."
Ernst & Young LLP, otherwise known as EY US, announced this week that it has launched cryptocurrency application EY CryptoPrep, to assist traders with tax filings in the United States.
CryptoPrep is a Software as a Service (SaaS) web-based crypto tax engine. According to the statement from EY, one of the big four accounting firms, the engine offers step-by-step guidance through the crypto tax process.
The CryptoPrep solution supports most of the major Cryptocurrencies and exchanges, the statement said, and through aggregating and reconciling transaction data, the service applies the relevant tax rules to produce an account of crypto capital gains or losses.
After this, the product provides a completed Form 8949, the form used to report sales and exchanges of capital assets, for all applicable tax years. Although the product launched this week is specifically for crypto, the underlining technology is also available for clients through EY TaxChat and the EY Blockchain Analyzer.
Commenting on the product launch, Marna Ricker, EY Americas Vice Chair of Tax Services said in the statement: "Our clients increasingly hold and trade crypto assets, creating the need for an innovative solution to address the evolving complexity around filing crypto taxes. The EY Foundry, our internal corporate venturing unit, created EY CryptoPrep to modernize the crypto tax accounting process."
Ernst & Young expands crypto services
The latest product from Ernst & Young follows on from the accounting firm launching an accounting and taxation tool for cryptocurrency holdings last year. The tool, which is called EY Crypto-Asset Accounting and Tax (CAAT), facilitates accounting and tax calculations for cryptocurrency transactions and is targeted to both institutional customers and retail investors.
"EY CryptoPrep expands our innovative portfolio of successful new digital businesses," added Chirag Patel, EY Foundry Leader in the statement. "EY CryptoPrep is another great showcase of our commitment to address the evolving needs of our clients."
Former Exinity Country Manager Takes CAPEX.com Lead in Colombia
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24