TaxToken – Nathan Nichols, Co-Founder and CEO, and Michael Foland, Co-Founder and CMO – Award-Winning Blockchain and AI-Based Accounting Software for Digital Assets
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 9 February 2018
⏱️ 19 minutes
🧾️ Download transcript
Summary
One of the least-discussed issues with the cryptocurrency space currently is that there are very few, if any, guidelines for how to report crypto gains and losses on your yearly income taxes, and because of the sheer number of exchanges that exist, there is no seamless interface to see how your transactions are doing. TaxToken has set out to solve both of these problems by creating a suite of accounting software built on the blockchain.
The capital gains and losses tracker integrates with 8 exchanges to automatically record your cryptocurrency gains and losses throughout the year, and fills out the appropriate tax forms for you.
Because records are written to the blockchain, they can be verified by third parties, which ultimately reduces costs for everyone. Though their first application is cryptocurrency-specific, the rest of their accounting software can be used by anyone.
They will be offering a beta version at the Bitcoin, Ethereum, and Blockchain Superconference in Dallas, Texas February 16-18, and individuals who subscribe to their newsletter will receive a discount code. Their cryptocurrency accounting software will be launched on March 1st, just in time for this year's tax season.
For more information, visit www.taxtoken.io. You can also interact with them directly on Twitter at @taxtoken.
Transcript
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| 0:00.0 | The Bitcoin, Ethereum, and Blockchain Super Conference is coming to Dallas, Texas, February 16, 17, and 18 in 2018. |
| 0:09.0 | If you know of a better way to get the latest insider knowledge about crypto, to hear directly from the top minds in this field, |
| 0:16.0 | to interact personally with 800 fellow crypto lovers, hodlers, investors, miners, traders, developers |
| 0:22.9 | and founders, then I'd like to hear about it. |
| 0:25.9 | If you don't, then you don't want to miss out. |
| 0:29.0 | Registered today for the Bitcoin, Ethereum, and Blockchain Superconference. |
| 0:33.1 | Go to Bitcoin Superconference.com and register today as a super early bird to get the lowest rates on tickets and hotel rooms. |
| 0:41.5 | That's Bitcoin superconference.com. |
| 0:45.5 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:51.8 | Future Technologies are always to transform our lives for better or worse are the focus of this podcast. |
| 0:57.5 | Almost here means these technologies are now here and starting to be used or just around the |
| 1:02.8 | corner. |
| 1:03.7 | From Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more. |
| 1:09.9 | Hello everyone and welcome to the Future Tech podcast. |
| 1:13.8 | My name is Chris Amzer, and I'm here with Nathan Nichols and Michael Folland of TaxToken.io, |
| 1:21.7 | building the accounting infrastructure for the future. |
| 1:25.4 | Welcome, gentlemen. |
| 1:26.4 | Thank you for that. |
| 1:26.8 | Thank you to be here. |
| 1:28.2 | Tell us about tax token and how it began. Well, tax token started with me and Michael, honestly, getting |
| 1:35.8 | pretty involved in the cryptocurrency space. We both did investments ourselves, and we really saw |
| 1:42.5 | the disruptive technology and the potential. |
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