NODE40 blog. Stay one step ahead.

Swapping, zapping, farming. Smart contracts, NFTs, wormholes. Welcome to the world of cryptocurrency accounting. Not only is the vocabulary often foreign, but the underlying technology is evolving so rapidly that it can take time to remain informed.  If your clients engage with cryptocurrency, you need to support them or risk losing business. If you don’t […]

The report discusses the current state of the blockchain economy and provides a primer on key blockchain technologies and use cases. “Interest in cryptocurrencies has never been higher.” – FT Partners report: The Blockchain Economy, April 2022 FT Partners, a leading investment banking firm focused exclusively on the financial technology sector recently included NODE40 in […]

You made it! Another tax year in the bag — or at least deferred until October. Now you can take the time to think about strategy.  Tax strategy and tax liability are two sides of the same coin. An effective tax strategy can mitigate one’s tax liability. With cryptocurrencies, the difficulty lies in understanding the […]

The IRS is about to make an example out of cryptocurrency tax avoiders – don’t let it be you. This year, the IRS will ask you if you had cryptocurrency in 2019 and it’s going to make a lot of people nervous. Until now, those choosing to report taxes on crypto were somewhat shielded from […]

A lot of people are, but you don’t have to be one of them this tax season. Over the last five years, the customer support team at NODE40 has been fielding all sorts of questions from customers and reporters, so we tailored our self-service tax platform to help you make sense of your cryptocurrency tax […]

NODE40, a leader in cryptocurrency tax calculation, announced today its SMART algorithm (Simple Multi-Account Reconciliation Technology), designed to track and match the cost basis of cryptocurrency transactions is now patent pending with the US Patent and Trademark Office. “The IRS recognizes that a lot of taxpayers have trouble explaining cryptocurrency transactions on their taxes and […]

Albany, NY, October 9, 2019 – NODE40, the premier cryptocurrency cost-basis tracking company, today announced the company has successfully completed the requirements for a Service Organization Control (SOC) 1, Type I Audit covering its Balance product. The audit was undertaken by Armanino LLP. “Completing a SOC 1 audit provides our customers and partners the assurances […]

You’re probably receiving emails from other crypto tax platforms filled with claims about how they can save you money on taxes. They claim to have some optimized way to crunch your numbers, or they allow you to pick a minimization strategy when you import your data. If your goal is to try and cheat the […]

NODE40, developers of NODE40 Balance, an industry-leading blockchain accounting platform has announced a partnership with global tax software leader Sovos to offer an all-inclusive suite of Tax & Compliance Automation services for Virtual Asset Service Providers. NODE40 and Sovos are coming together to provide Virtual Asset Service Providers compliance and protection from regulatory risk. Sovos is the […]