Velas x Blockpit: together to the new horizon of tax optimization and high-quality reports
Marketing 2 min reading
Content
Show- Partnership
- What Is Blockpit?
- What Does This Integration Mean for Velas Community?
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🎁👉Optimize your taxes by the end of the year and enjoy a special 20% discount as a Velas user. Start for free here.
Partnership
Blockpit is a crypto software company that helps users worldwide to calculate and optimize their taxes. Recently, Blockpit integrated with the Velas blockchain, opening new great opportunities for ensuring high-quality tax reporting.
What Is Blockpit?
Blockpit is a cross-platform solution for calculating taxable income from cryptocurrencies and generating tax reports for crypto investors and traders. In essence, it is a transaction monitoring platform that automatically captures all sources of the trader's income and creates a complete list of the transactions. As a result, users get to track the dynamics of their transactions, as well as data on taxes and holding periods. Users only need a few minutes to import their transactions by entering their wallet address to access analytics and tax calculations.
At the heart of this software solution is the idea of providing a simple and understandable tool for crypto traders who do not know how to calculate crypto taxes properly. Over time, their trading activity becomes quite difficult to monitor, primarily because every transaction might be subject to taxation, and the tax rules continuously change in every country. This is why the tax office's declaration requests can be difficult for traders to satisfy.
What Does This Integration Mean for Velas Community?
Integration with the Velas blockchain allows Blockpit to give users high-quality tax reports. Users may also check the possibilities for tax optimization, e.g., by visualizing losses or by identifying assets that can be sold tax-free according to the regulations of the user’s country. As for the benefits for the Velas community, Blockpit supports and automatically imports liquidity mining and other DeFi activities on the Velas blockchain.
“"Blockpit aims to secure integrations with all the major Blockchains to ensure complete tax reporting for all communities."”
Velas users can already start importing all their wallets as well as trades on centralized exchanges for free. They also get a special 20% discount for all paid licenses valid until 31.12.2022. To start enjoying the offer, sign up here.
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