Home | Blog | ARK Announces Partnership With TokenTax
Ray Alvarez
Blockchain
Reading time: 3 min
Date: 14th Dec 2020

ARK Announces Partnership With TokenTax

As we approach the launch of MarketSquare, we want to give our community an inside look at some of the partnerships we have formed. These strategic partnerships will not only help make MarketSquare the new homepage for the decentralized web but will also create inroads between ARK and other projects looking to build and collaborate together. Today we would like to introduce you to TokenTax!

Introducing TokenTax

TokenTax is one of the world’s leading crypto tax platforms and cryptocurrency tax accounting companies. Their company is based on more than just software. They are backed by a strong team that understands the intricacies of cryptocurrency taxation. As of 2020, they have worked directly with clients across 18 different countries and jurisdictions for the preparation and filing of their taxes.

You can learn more about TokenTax on their website at TokenTax.co

The TokenTax platform offers a variety of features and practices that make them an industry favorite among cryptocurrency users. Here is a breakdown of some of their main features:

  • TokenTax is the only cryptocurrency tax calculator that connects to every crypto exchange. TokenTax can import and reconcile all the data no matter what exchange you use.
  • Seamless tracking of trading activity to provide you with a clear representation of your capital gains/losses.
  • TokenTax will generate tax forms and help you with your filing. Filings and completed forms also can be imported to popular tax preparation services such as Turbo Tax.
  • Calculate your crypto taxes in the U.S., U.K., Canada, Australia, Japan, Sweden, South Africa or any other country

For people that deal regularly in cryptocurrency, it is easy to see why TokenTax has become a preferred solution to tax preparation and filing.

TokenTax and MarketSquare

One of the most important values at ARK and MarketSquare is simplicity. In order to leverage blockchain technology and advance it forward, it needs to be a simple process for users. Barriers of entry need to be lowered and the projects and applications we interact with need to be easy to navigate and use.

Soon you will be able to import ARK Wallet transaction history directly into TokenTax.

Based on these values, we want to champion companies such as TokenTax and their platform. Having an official tax service partner will fill a much-needed area regarding the type of businesses featured on MarketSquare’s platform. Additionally, ARK is always forward-thinking when it comes to partnerships and we are constantly thinking of ways to improve our products and find synergy between partners. Between ARK and TokenTax we will be exploring:

  • Integrations between TokenTax and ARK Products
  • A special TokenTax integration within MarketSquare
  • Educational Content revolving around cryptocurrency and taxes.

As our partnership continues to develop we will keep the community informed. In the meantime, we are excited to welcome TokenTax into the ARK community and MarketSquare!

ARK.io

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