Crypto Short News

Thomson Reuters & Verady Brings a New Blockchain Tax Return Tool

A blockchain tax return tool will soon become a reality. Thomson Reuters Tax & Accounting has collaborated with Verady to develop a tool to track crypto transactions. Once added to the GoSystem TaxRS, this blockchain tax tool will assist the government in the Tax return procedure. 

The tool will help streamline classification, organization, and accountancy of digital assets. It accurately tracks cryptocurrency trades and reports the same on tax returns. This tool will act as a great innovation for tax returns. Although security and the trusted data source is an issue, Verady solves the problem. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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