TaxNodes
Crypto tax calculation and income tax filing platform specializing in cryptocurrency transactions.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $1.6m | Seed | |
| Total Funding | 000k | ||
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TaxNodes is a specialized platform designed to help individuals and businesses manage their tax obligations related to cryptocurrency transactions. Operating in the financial technology (fintech) sector, TaxNodes provides a comprehensive solution for calculating taxes on crypto transactions and assists users with filing their income tax returns. The platform is particularly beneficial for those who engage in buying, selling, or exchanging cryptocurrencies but need help navigating the complex tax landscape associated with these activities.
TaxNodes serves a diverse clientele, including individual crypto investors, traders, and businesses that deal with virtual digital assets (VDAs) like cryptocurrencies and non-fungible tokens (NFTs). The platform is tailored to meet the needs of users who must comply with stringent tax regulations, such as the 30% flat tax rate on crypto profits and the 1% tax deducted at source (TDS) on transactions, as mandated by recent financial legislation.
The business model of TaxNodes revolves around providing a subscription-based service where users pay for access to its tax computation tools and expert tax filing assistance. The platform generates revenue through these subscription fees, offering various pricing tiers based on the level of service and support required by the user. Additionally, TaxNodes may offer premium services, such as personalized tax advice and advanced reporting features, for an additional fee.
TaxNodes operates within the regulatory framework, ensuring that its services comply with all applicable laws and regulations. The platform does not engage in the buying, selling, or exchanging of cryptocurrencies, focusing solely on tax computation and filing. This clear delineation helps maintain its legitimacy and trustworthiness in the eyes of users and regulatory bodies.
In summary, TaxNodes is a fintech platform that simplifies the tax filing process for cryptocurrency transactions, serving individual investors and businesses. It operates on a subscription-based model, offering various levels of service to meet different user needs.
Keywords: cryptocurrency tax, fintech, tax computation, income tax filing, crypto investors, regulatory compliance, subscription service, tax advice, virtual digital assets, NFT tax.