HARRISONBURG, Va., Jan. 15, 2019 /PRNewswire/ -- TaxToken, a blockchain-as-a-service (BaaS) company that helps taxpayers streamline their personal cryptocurrency accounting, has announced its official company launch. TaxToken combines blockchain and artificial intelligence to automate much of the cryptocurrency tax filing process, for quick, easy and error-free filing.
Co-founders Nathan Nichols and Michael Foland conceived TaxToken with the belief that the current crypto tax filing process is broken and puts undue burden on taxpayers to keep meticulous records and hire expensive accountants to guide them.
TaxToken's BaaS solution addresses these issues through AI-powered automation; it auto-syncs with the user's exchanges and wallets and provides a toolkit for easy importing of trade histories, ICO's, Airdrops, forks, mining, payments as well as lost and stolen cryptocurrencies. An intuitive dashboard offers a complete review of transactions before filing, allowing users to quickly download auto-filled tax forms that can be exported to the filing system of their choice, including H&R Block, TurboTax and TaxAct.
In addition to supporting individuals, TaxToken provides enterprise solutions for CPA firms, cryptocurrency exchanges, High Frequency Trading firms and cryptocurrency wallets.
"TaxToken was founded on one principle - it shouldn't be difficult to file your cryptocurrency taxes," said co-Founder and CFO Nathan Nichols "TaxToken is humbled and excited to officially launch our cryptocurrency accounting software and play our role in developing the blockchain ecosystem."
Users can go to www.taxtoken.io where they can register for early access to their tax solution and learn more information about TaxToken.
TaxToken is a blockchain-as-a-service company that leverages blockchain technology. Current accounting methods for filing your taxes are broken. At TaxToken, we leverage blockchain technology with artificial intelligence to modernize personal accounting. Taxpayers shouldn't have to keep a meticulous record of receipts or hire expensive accountants to pay only their fair share of taxes, nor should they be left with overestimating through a complex filing process. TaxToken offers taxpayers an automated, intuitive solution to pay only the amount of taxes they owe and maximize the earnings they deserve. Our vision is a secure, precise, and automated tax preparation process that takes the burden off taxpayers.
Krithika Rajaraman, IDPR For TaxToken