We will be talking about everything Web3 and Blockchain. Apart from the weekly Podcast, we will also use this platform to include keynote speeches our team presents. We will keep this light and fun, and easy to listen to. We will dive deep into the technology from time to time, but our goal is to educate and bring all of you on the Web3 journey with us.
We will talk about popular technologies such as Blockchain, Development, NFTs and Crypto, and please be advised whatever is spoken about here is not financial advice.
From Crypto Tax Made Easy, Matthew talks with Charlie in episode 67 of Blockstars Web3 Weekly, where they try to make crypto taxation less baffling. They discuss the process of comprehension and regulation of crypto taxes, specifics of tax regulation in various countries, and includes support for managing tax-wise crypto transactions. Also Debunking common tax myths, such as the misinterpretation of tax loss harvesting and the notion of crypto transactions being tax-exempt if performed on decentralised exchanges.
Introduction of Matthew’s moving into the world of crypto and establishing Crypto Tax Made Easy to deal with the crazy and messy world of crypto taxes.
Controversy of no clear tax guidelines in the early crypto days and development of tax reporting tools.
Proper classification and reconciliation of cryptocurrency transactions for correct tax reporting.
Matthew’s personal stories that illustrate how he managed to combine his love and professional life in crypto taxation.
Knowledge of worldwide crypto tax rules, especially U.S. and Australia, and the challenge of dealing with clients in different jurisdictions.
Dispelling tax myths of tax loss harvesting misinterpretation and the belief that transactions in the crypto are exempted if they are performed on decentralised exchanges.
The learning and manual categorising process that Matthew went through with thousands of transactions to better understand the crypto taxation, illustrates the early challenges of crypto investors.
The fact that despite the proliferation of instruments and resources, crypto tax reporting is rather a complicated and dynamic sector necessitating deep understanding.
Matthew’s personal change from traditional field of interest in crypto space and correlation of his professional knowledge in the area of taxation with blockchain.
The changing environment of crypto taxation, where tax authorities are slowly becoming accustomed to the idiosyncrasies of crypto assets and transactions.
Blockstars Web3 Weekly devotes Episode 67 to the issue of the complex world of crypto taxation and more specifically through the perspective of Matthew’s experience in guiding and making it simple for investors. The conversation highlighted the need for precise data reconciliation, being updated about tax regulations, and getting rid of myths to assure that compliance is adhered to and taxes are minimised in the crypto arena.
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