Ethos, the cryptocurrency services company and blockchain ecosystem announced this week they have partnered with on-demand tax service application Taxfyle to offer cryptocurrency holders a viable tax preparation option. The intention of the partnership is to support the crypto community with access to responsible tax preparation and filing.
Rebranded from Bitquence a few months ago, Ethos is developing a dynamic multi-sided investment platform and ecosystem that will begin to be introduced this quarter. Taxfyle is a leading on-demand tax prep service, where customers are provided with an upfront price quote to have a credentialed tax professional prepare and file their taxes.
In an effort to be fully compliant, together Ethos and Taxfyle will provide cryptocurrency owners a dependable solution in resolving their tax worries. As the multi-sided features of the Ethos ecosystem mature, Ethos and Taxfyle see a significant opportunity to streamline the ability for users to locate, find and engage with tax professionals anywhere anytime.
Taxfyle co-founder Richard Lavina said:
“Given the new tax regulations governing cryptocurrencies, now more than ever, crypto investors are going to require the expertise that licensed professionals have to offer. Let’s face it, the U.S. tax regulations involving cryptocurrency investments are overly complicated and counter-intuitive when compared to traditional investment alternatives. This partnership will allow crypto investors access to high-quality tax preparation and professionals without having to pay the inflated fees associated with traditional professional accounting firms.”
Taxfyle co-founder Michael Mouriz commented:
“We’re very proud to be partnering with Ethos. We see this as a step in the right direction for promoting the adoption of cryptocurrencies, as well as helping solve a very real need being faced by these investors.”
Ethos founder and CEO, Shingo Lavine said:
“We believe that Taxfyle’s services will fill a crucial gap that many other crypto firms aren’t able to provide. Dealing with taxes in the crypto industry is difficult. By partnering with Taxfyle we are furthering Ethos’s mission to make the crypto industry more accessible to everyone.”
Ethos community members can receive $20 off Taxfyle services with the promo code ETHOSCRYPTO.