Unique situations demand expert solutions
Accurate, transparent accounting for your digital assets.
Token Expert
Our customized accounting solutions are designed to meet your specific needs.
We’ll build you an accounting system to reconcile your transactions across every protocol and chains.
Our Services
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Annual Income Calculation
Complete your tax returns with confidence with our annual income reconciliation service.
Crypto accounting is our specialty. -
Bookkeeping
Our bookkeeping service focuses on digital transactions and aims to provide accounting entries that accurately reflect the impact of your activities.
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Tax compliance
Our tax compliance service provides the preparation of federal and provincial tax forms specific to cryptocurrencies in Canada, for both individuals and businesses.
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Consulting
Our consulting service is your go-to resource for all your tax and accounting questions involving digital assets.
Frequently Asked Questions
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This is precisely the challenge the Token Expert method was designed to solve. Our approach systematically segments your transaction history by blockchain, protocol, and wallet. This detailed breakdown enables us to accurately calculate all taxable events, including gains, losses, income, and expenses, and provide a comprehensive annual summary with all the figures needed for your tax forms.
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Crypto tax softwares can do a fantastic job for simple portfolios, provided the user thoroughly reviews and validates every transaction. These tools should never be relied on at face value. Token Expert exists for clients who deal with complex transactions and very high volumes. Our approach combines the use of multiple tools & processes to identify transactions, followed by a detailed manual review. This allows us to apply the correct accounting treatment to each transaction and ensure accuracy of the accounting.
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#We understand your concerns about a potential audit by tax authorities. Once we complete our work, we'll send you a file that includes a reconciliation of your asset costs from the beginning to the end of the year. This file will also contain a summary of your gains, losses, income, and expenses, along with a complete list of all transactions deemed to have tax implications for the year in question. These documents help tax authorities understand the basis of our calculations, making audits more straightforward.
Thanks to our expertise in decentralized finance (DeFi), we can also explain complex interactions (such as yield-generating transactions) upon request. This way, you’ll be fully prepared to meet tax authority requirements with thorough documentation and clear explanations.
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Not at all. Our method is designed to handle Non-Fungible Tokens (NFTs) with precision. We treat each NFT as a unique asset, isolating it from its collection to calculate its specific cost basis and associated tax implications, including transaction fees.
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Yes. We specialize in navigating the entire Web3 ecosystem. Our team is proficient with all major bridges and dApps and uses multiple tools to trace inflows and outflows across chains, including less common blockchains. We also account for bridge fees and ensure every cross-chain movement of your assets is accurately tracked and reconciled.
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Yes. For clients with thousands of transactions annually, we offer monthly, quarterly, or bi-annual tracking services tailored to their needs. This proactive approach keeps your records accurate throughout the year and creates opportunities for strategic tax optimization. Toward year-end, we can also help identify tax-loss harvesting opportunities to potentially reduce your overall tax liability.
Tools we love to use
